BankUnited (NYSE:BKU) was the target of a large increase in short interest in October. As of October 31st, there was short interest totalling 1,900,000 shares, an increase of 10.5% from the September 30th total of 1,720,000 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average daily volume of 608,800 shares, the short-interest ratio is currently 3.1 days.

BKU has been the subject of a number of research analyst reports. BMO Capital Markets lifted their target price on BankUnited from $37.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. JPMorgan Chase & Co. raised BankUnited from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $34.00 to $37.00 in a research report on Thursday, October 24th. Zacks Investment Research lowered BankUnited from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research report on Friday, October 11th. Morgan Stanley reduced their price target on BankUnited from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Finally, DA Davidson began coverage on BankUnited in a research report on Tuesday, October 22nd. They issued a “buy” rating and a $39.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $37.00.

In other BankUnited news, Director Douglas J. Pauls sold 22,133 shares of BankUnited stock in a transaction on Friday, September 13th. The stock was sold at an average price of $34.16, for a total transaction of $756,063.28. Following the completion of the sale, the director now directly owns 56,581 shares of the company’s stock, valued at approximately $1,932,806.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.70% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in BKU. Marshall Wace North America L.P. acquired a new position in BankUnited during the 1st quarter valued at about $47,000. DekaBank Deutsche Girozentrale acquired a new position in BankUnited during the 2nd quarter valued at about $52,000. Toronto Dominion Bank increased its position in BankUnited by 21.5% during the 2nd quarter. Toronto Dominion Bank now owns 2,579 shares of the financial services provider’s stock valued at $91,000 after buying an additional 457 shares in the last quarter. Nisa Investment Advisors LLC acquired a new position in BankUnited during the 3rd quarter valued at about $158,000. Finally, Canada Pension Plan Investment Board acquired a new position in BankUnited during the 2nd quarter valued at about $174,000. 95.78% of the stock is owned by hedge funds and other institutional investors.

Shares of BKU traded down $0.15 during trading hours on Friday, hitting $34.55. The company had a trading volume of 288,700 shares, compared to its average volume of 715,024. The company has a market capitalization of $3.34 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 1.36 and a beta of 1.16. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.69. BankUnited has a one year low of $28.05 and a one year high of $37.32. The company’s fifty day moving average price is $34.02 and its two-hundred day moving average price is $33.46.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.77 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.06. The firm had revenue of $223.55 million during the quarter, compared to analyst estimates of $224.93 million. BankUnited had a return on equity of 9.76% and a net margin of 18.04%. During the same period in the previous year, the company posted $0.90 EPS. Analysts forecast that BankUnited will post 2.92 earnings per share for the current year.

The business also recently declared a — dividend, which was paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th were given a $0.21 dividend. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, October 11th. BankUnited’s payout ratio is 35.59%.

About BankUnited

BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, savings accounts, and certificates of deposit; and treasury management services.

Read More: Sell-Side Analysts

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