BankUnited, Inc. (BKU) Shares Sold by Teacher Retirement System of Texas
Teacher Retirement System of Texas lowered its position in BankUnited, Inc. (NYSE:BKU) by 97.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,808 shares of the financial services provider’s stock after selling 370,533 shares during the quarter. Teacher Retirement System of Texas’ holdings in BankUnited were worth $313,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the company. Public Employees Retirement Association of Colorado increased its stake in BankUnited by 4.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 3,275 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 128 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in BankUnited by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock valued at $124,000 after acquiring an additional 276 shares during the last quarter. Forward Management LLC bought a new position in BankUnited in the third quarter valued at $192,000. QS Investors LLC increased its stake in BankUnited by 9.6% in the second quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock valued at $212,000 after acquiring an additional 550 shares during the last quarter. Finally, LaSalle Street Capital Management LLC bought a new position in BankUnited in the second quarter valued at $221,000. 94.74% of the stock is currently owned by hedge funds and other institutional investors.
In other news, insider Mark Bagnoli sold 1,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total transaction of $35,880.00. Following the completion of the sale, the insider now directly owns 19,699 shares in the company, valued at $706,800.12. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.10% of the company’s stock.
Shares of BankUnited, Inc. (NYSE:BKU) opened at $35.79 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.96 and a current ratio of 0.96. BankUnited, Inc. has a 1 year low of $30.37 and a 1 year high of $41.00. The stock has a market cap of $3,823.11, a PE ratio of 15.04, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08.
BankUnited (NYSE:BKU) last posted its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. The business had revenue of $294.59 million during the quarter, compared to analyst estimates of $273.51 million. During the same period in the prior year, the business posted $0.47 earnings per share. equities research analysts anticipate that BankUnited, Inc. will post 2.39 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, October 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.35%. BankUnited’s dividend payout ratio is currently 35.29%.
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A number of research analysts recently commented on BKU shares. J P Morgan Chase & Co cut BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 target price on the stock. in a research note on Wednesday, November 1st. ValuEngine cut BankUnited from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. BMO Capital Markets raised BankUnited from a “market perform” rating to an “outperform” rating in a research note on Monday. Deutsche Bank AG reduced their target price on BankUnited from $42.00 to $40.00 and set a “hold” rating on the stock in a research note on Wednesday, November 8th. Finally, BidaskClub lowered shares of BankUnited from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $40.27.
BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.
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