Boston Partners Increases Holdings in BankUnited, Inc. (BKU)
Boston Partners raised its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 30.6% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 930,881 shares of the financial services provider’s stock after buying an additional 218,286 shares during the period. Boston Partners owned about 0.87% of BankUnited worth $33,111,000 at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Public Employees Retirement Association of Colorado increased its holdings in BankUnited by 4.1% during 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 buying an additional 128 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in BankUnited by 8.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock valued at $124,000 after buying an additional 276 shares during the last quarter. Forward Management LLC purchased a new stake in BankUnited during the third quarter valued at approximately $192,000. QS Investors LLC increased its holdings in BankUnited by 9.6% during the second quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock valued at $212,000 after buying an additional 550 shares during the last quarter. Finally, LaSalle Street Capital Management LLC purchased a new stake in BankUnited during the second quarter valued at approximately $221,000. 96.11% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on the stock. Zacks Investment Research lowered shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Deutsche Bank AG dropped their price target on shares of BankUnited from $42.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, November 8th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $41.00 price target on shares of BankUnited in a research report on Thursday, September 28th. J P Morgan Chase & Co lowered shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 price target for the company. in a research report on Wednesday, November 1st. Finally, BidaskClub lowered shares of BankUnited from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $40.27.
In related news, Chairman John Adam Kanas sold 78,190 shares of the company’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $33.18, for a total transaction of $2,594,344.20. Following the completion of the transaction, the chairman now owns 565,076 shares in the company, valued at $18,749,221.68. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.90% of the stock is currently owned by corporate insiders.
BankUnited, Inc. (NYSE BKU) opened at $32.98 on Monday. 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 12-month low of $30.37 and a 12-month high of $41.00. The firm has a market cap of $3,522.94, a price-to-earnings ratio of 13.86, a P/E/G ratio of 1.56 and a beta of 1.08.
BankUnited (NYSE:BKU) last issued its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $294.59 million during the quarter, compared to analyst estimates of $273.51 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. analysts expect that BankUnited, Inc. will post 2.39 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Monday, October 16th were given a dividend of $0.21 per share. The ex-dividend date was Friday, October 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.55%. BankUnited’s dividend payout ratio is 35.29%.
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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