Systematic Financial Management LP Sells 48,625 Shares of BankUnited, Inc. (BKU)
Systematic Financial Management LP lessened its position in BankUnited, Inc. (NYSE:BKU) by 43.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,345 shares of the financial services provider’s stock after selling 48,625 shares during the quarter. Systematic Financial Management LP owned 0.06% of BankUnited worth $2,218,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings in shares of BankUnited by 1.5% in the 2nd quarter. Northern Trust Corp now owns 481,813 shares of the financial services provider’s stock worth $16,243,000 after acquiring an additional 7,337 shares during the last quarter. Comerica Bank raised its holdings in shares of BankUnited by 7.4% in the 2nd quarter. Comerica Bank now owns 224,682 shares of the financial services provider’s stock valued at $7,451,000 after purchasing an additional 15,437 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of BankUnited by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 8,768,948 shares of the financial services provider’s stock valued at $295,602,000 after purchasing an additional 300,744 shares in the last quarter. Moody Aldrich Partners LLC raised its holdings in shares of BankUnited by 31.6% in the 2nd quarter. Moody Aldrich Partners LLC now owns 24,005 shares of the financial services provider’s stock valued at $809,000 after purchasing an additional 5,770 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of BankUnited by 1.9% in the 2nd quarter. Victory Capital Management Inc. now owns 1,581,056 shares of the financial services provider’s stock valued at $53,297,000 after purchasing an additional 30,213 shares in the last quarter. Hedge funds and other institutional investors own 94.74% of the company’s stock.
BankUnited, Inc. (NYSE:BKU) opened at $35.53 on Friday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.86. The firm has a market cap of $3,823.11, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.69 and a beta of 1.08. BankUnited, Inc. has a 12-month low of $30.37 and a 12-month high of $41.00.
BankUnited (NYSE:BKU) last released its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) 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 business 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 firm earned $0.47 earnings per share. equities analysts predict that BankUnited, Inc. will post 2.39 EPS for the current fiscal year.
The firm 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. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.36%. The ex-dividend date was Friday, October 13th. BankUnited’s payout ratio is 35.29%.
A number of brokerages have recently issued reports on BKU. BidaskClub downgraded shares of BankUnited from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. ValuEngine downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $41.00 price objective on shares of BankUnited in a research report on Thursday, September 28th. Zacks Investment Research downgraded shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, J P Morgan Chase & Co downgraded shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 target price on the stock. in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company’s stock. BankUnited presently has an average rating of “Hold” and a consensus price target of $40.27.
In other news, insider Mark Bagnoli sold 1,000 shares of the company’s stock in a transaction on 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 owns 19,699 shares of the company’s stock, valued at $706,800.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is owned by corporate insiders.
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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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