Bridgeway Capital Management LLC Buys 22,236 Shares of BankUnited, Inc. $BKU

Bridgeway Capital Management LLC raised its stake in shares of BankUnited, Inc. (NYSE:BKU) by 4.9% in the 4th quarter, HoldingsChannel reports. The firm owned 477,881 shares of the financial services provider’s stock after purchasing an additional 22,236 shares during the period. Bridgeway Capital Management LLC’s holdings in BankUnited were worth $21,299,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of BKU. Strs Ohio bought a new stake in BankUnited during the first quarter valued at approximately $28,000. Eurizon Capital SGR S.p.A. bought a new stake in BankUnited during the fourth quarter valued at approximately $30,000. Kestra Advisory Services LLC bought a new stake in BankUnited during the fourth quarter valued at approximately $35,000. Quarry LP lifted its position in BankUnited by 158.2% during the third quarter. Quarry LP now owns 940 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 576 shares during the last quarter. Finally, Jones Financial Companies Lllp lifted its position in BankUnited by 4,293.5% during the third quarter. Jones Financial Companies Lllp now owns 1,362 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 1,331 shares during the last quarter. 99.70% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, Director John N. Digiacomo sold 1,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.97, for a total transaction of $45,970.00. Following the completion of the sale, the director directly owned 15,027 shares in the company, valued at $690,791.19. This represents a 6.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Jay D. Richards sold 4,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $48.67, for a total transaction of $194,680.00. Following the sale, the insider owned 40,502 shares of the company’s stock, valued at $1,971,232.34. This represents a 8.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.00% of the company’s stock.

BankUnited Trading Down 2.6%

Shares of BKU opened at $46.79 on Thursday. The firm has a market cap of $3.40 billion, a price-to-earnings ratio of 13.03 and a beta of 1.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 0.82. BankUnited, Inc. has a fifty-two week low of $33.33 and a fifty-two week high of $52.11. The firm has a 50 day moving average price of $46.81 and a 200-day moving average price of $46.43.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). The business had revenue of $273.69 million during the quarter, compared to the consensus estimate of $284.57 million. BankUnited had a return on equity of 9.11% and a net margin of 14.46%.During the same quarter in the previous year, the firm posted $0.78 earnings per share. As a group, equities research analysts forecast that BankUnited, Inc. will post 4.16 earnings per share for the current year.

BankUnited Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, April 10th. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. This is an increase from BankUnited’s previous quarterly dividend of $0.31. BankUnited’s dividend payout ratio (DPR) is currently 36.77%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BKU shares. Cantor Fitzgerald lifted their target price on shares of BankUnited from $51.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Hovde Group lowered their price objective on shares of BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Keefe, Bruyette & Woods lowered their price objective on shares of BankUnited from $55.00 to $50.00 and set a “market perform” rating for the company in a report on Thursday, April 23rd. Wells Fargo & Company boosted their price objective on shares of BankUnited from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, March 30th. Finally, Barclays lowered their price objective on shares of BankUnited from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Tuesday, April 7th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $53.27.

BankUnited Company Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.