2 weeks Ago By ABMN Staff
Public Employees Retirement Association of Colorado trimmed its position in BankUnited, Inc. ( NYSE:BKU – Free Report ) by 14.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 8,444 shares of the financial services provider’s stock after selling 1,449 shares during the period. Public Employees Retirement Association of Colorado’s holdings in BankUnited were worth $247,000 at the end of the most recent quarter. Other institutional investors have also added to or reduced their stakes in the company.
Assenagon Asset Management S.A. increased its holdings in shares of BankUnited by 8.
2% during the second quarter. Assenagon Asset Management S.A.
now owns 632,632 shares of the financial services provider’s stock valued at $18,517,000 after acquiring an additional 48,059 shares in the last quarter. Empowered Funds LLC increased its stake in BankUnited by 38.9% during the 1st quarter.
Empowered Funds LLC now owns 226,937 shares of the financial services provider’s stock valued at $6,354,000 after purchasing an additional 63,520 shares in the last quarter. Rafferty Asset Management LLC raised its holdings in BankUnited by 41.8% during the fourth quarter.
Rafferty Asset Management LLC now owns 179,146 shares of the financial services provider’s stock worth $5,810,000 after buying an additional 52,788 shares during the last quarter. Vanguard Group Inc. raised its holdings in BankUnited by 3.
7% during the fourth quarter. Vanguard Group Inc. now owns 9,202,637 shares of the financial services provider’s stock worth $298,442,000 after buying an additional 332,567 shares during the last quarter.
Finally, Seven Eight Capital LP bought a new position in shares of BankUnited in the fourth quarter valued at $1,331,000. 99.70% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling In other BankUnited news, Director William S. Rubenstein sold 7,864 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $38.
57, for a total transaction of $303,314.48. Following the completion of the transaction, the director now directly owns 10,282 shares of the company’s stock, valued at $396,576.
74. The sale was disclosed in a filing with the SEC, which is available through the SEC website . In related news, Director Douglas J.
Pauls sold 3,500 shares of BankUnited stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $36.50, for a total value of $127,750.
00. Following the completion of the sale, the director now owns 43,654 shares of the company’s stock, valued at approximately $1,593,371. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink .
Also, Director William S. Rubenstein sold 7,864 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $38.
57, for a total transaction of $303,314.48. Following the sale, the director now directly owns 10,282 shares in the company, valued at $396,576.
74. The disclosure for this sale can be found here . In the last quarter, insiders have sold 21,507 shares of company stock valued at $802,400.
1.19% of the stock is owned by company insiders. BankUnited Stock Down 0.
4 % BankUnited ( NYSE:BKU – Get Free Report ) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.
65 by $0.07. The company had revenue of $250.
20 million for the quarter, compared to the consensus estimate of $243.65 million. BankUnited had a net margin of 8.
41% and a return on equity of 7.76%. The firm’s quarterly revenue was up 4.
5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.78 EPS.
Analysts expect that BankUnited, Inc. will post 2.88 EPS for the current year.
BankUnited Announces Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 11th will be paid a dividend of $0.29 per share.
The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.16 annualized dividend and a dividend yield of 3.
26%. BankUnited’s payout ratio is currently 50.00%.
Analysts Set New Price Targets Several equities research analysts have recently commented on BKU shares. Royal Bank of Canada upped their target price on shares of BankUnited from $29.00 to $31.
00 and gave the stock a “sector perform” rating in a report on Tuesday, July 9th. Wells Fargo & Company increased their price objective on BankUnited from $32.00 to $35.
00 and gave the stock an “equal weight” rating in a research note on Monday, July 22nd. Barclays raised their target price on BankUnited from $35.00 to $39.
00 and gave the company an “equal weight” rating in a report on Friday. Wedbush upped their price target on BankUnited from $39.00 to $40.
00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Finally, Citigroup dropped their price objective on BankUnited from $42.00 to $39.
00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.
com, BankUnited presently has a consensus rating of “Hold” and a consensus price target of $35.50. Get Our Latest Research Report on BankUnited About BankUnited ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding BKU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BankUnited, Inc.
( NYSE:BKU – Free Report ). Receive News & Ratings for BankUnited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BankUnited and related companies with MarketBeat.com's FREE daily email newsletter .
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