Hussman Strategic Advisors Inc. Increases Stock Position in BankUnited, Inc. $BKU

Hussman Strategic Advisors Inc. raised its stake in shares of BankUnited, Inc. (NYSE:BKU) by 25.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 105,000 shares of the financial services provider’s stock after acquiring an additional 21,000 shares during the period. BankUnited makes up 0.9% of Hussman Strategic Advisors Inc.’s holdings, making the stock its 25th biggest holding. Hussman Strategic Advisors Inc.’s holdings in BankUnited were worth $3,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Strs Ohio purchased a new position in shares of BankUnited during the 1st quarter worth approximately $28,000. Brooklyn Investment Group lifted its stake in BankUnited by 14,050.0% during the first quarter. Brooklyn Investment Group now owns 849 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 843 shares in the last quarter. Bayforest Capital Ltd boosted its position in shares of BankUnited by 32.3% during the second quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock worth $40,000 after buying an additional 271 shares during the period. Headlands Technologies LLC grew its stake in shares of BankUnited by 697.4% in the first quarter. Headlands Technologies LLC now owns 2,464 shares of the financial services provider’s stock valued at $85,000 after buying an additional 2,155 shares in the last quarter. Finally, Quarry LP grew its stake in shares of BankUnited by 9,157.5% in the first quarter. Quarry LP now owns 3,703 shares of the financial services provider’s stock valued at $128,000 after buying an additional 3,663 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently weighed in on BKU shares. Keefe, Bruyette & Woods upped their price objective on BankUnited from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Monday, July 28th. Piper Sandler restated a “neutral” rating and set a $43.00 price target (up previously from $41.00) on shares of BankUnited in a report on Thursday, July 24th. Wells Fargo & Company reduced their price target on BankUnited from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Royal Bank Of Canada reissued a “sector perform” rating and set a $42.00 price objective on shares of BankUnited in a research report on Thursday, October 23rd. Finally, Wall Street Zen upgraded shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $41.91.

BankUnited Stock Up 1.5%

BankUnited stock opened at $40.67 on Tuesday. The stock has a market cap of $3.06 billion, a PE ratio of 11.46 and a beta of 1.27. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.83 and a quick ratio of 0.84. The stock’s fifty day moving average is $38.62 and its two-hundred day moving average is $36.65. BankUnited, Inc. has a 1-year low of $28.21 and a 1-year high of $44.45.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. BankUnited had a return on equity of 9.18% and a net margin of 13.98%.The business had revenue of $275.68 million for the quarter, compared to the consensus estimate of $280.33 million. During the same quarter in the prior year, the business posted $0.81 EPS. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, sell-side analysts expect that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.0%. The ex-dividend date was Friday, October 10th. BankUnited’s dividend payout ratio is currently 34.93%.

BankUnited Profile

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.