2 weeks Ago By Defense World Staff
Victory Capital Management Inc. trimmed its holdings in BankUnited, Inc. (NYSE:BKU – Free Report) by 7.
6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 184,220 shares of the financial services provider’s stock after selling 15,125 shares during the period. Victory Capital Management Inc.
owned about 0.25% of BankUnited worth $7,032,000 as of its most recent filing with the Securities and Exchange Commission. A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BKU.
Versor Investments LP acquired a new position in shares of BankUnited during the third quarter worth about $302,000. GSA Capital Partners LLP acquired a new position in shares of BankUnited during the third quarter worth about $257,000. Aigen Investment Management LP acquired a new position in shares of BankUnited during the third quarter worth about $257,000.
Quest Partners LLC acquired a new position in shares of BankUnited during the third quarter worth about $825,000. Finally, LMR Partners LLP acquired a new position in shares of BankUnited during the third quarter worth about $557,000. 99.
70% of the stock is owned by institutional investors and hedge funds. BankUnited Stock PerformanceNYSE:BKU opened at $34.46 on Friday.
The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.
88. The business has a fifty day simple moving average of $38.51 and a two-hundred day simple moving average of $38.
20. BankUnited, Inc. has a 1 year low of $24.
34 and a 1 year high of $44.45. The company has a market capitalization of $2.
58 billion, a P/E ratio of 11.19 and a beta of 1.40.
BankUnited (NYSE:BKU – Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.
72 by $0.19. BankUnited had a return on equity of 8.
48% and a net margin of 11.48%. During the same period last year, the company earned $0.
26 earnings per share. On average, analysts expect that BankUnited, Inc. will post 3.
13 earnings per share for the current year. BankUnited Dividend AnnouncementThe company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.
29 per share. The ex-dividend date was Friday, January 10th. This represents a $1.
16 dividend on an annualized basis and a yield of 3.37%. BankUnited’s payout ratio is 37.
66%. Insider Buying and Selling at BankUnitedIn related news, insider Kevin A. Malcolm sold 3,234 shares of the business’s stock in a transaction dated Wednesday, March 5th.
The stock was sold at an average price of $35.18, for a total transaction of $113,772.12.
Following the transaction, the insider now owns 12,250 shares in the company, valued at $430,955. The trade was a 20.89 % decrease in their position.
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sanjiv Sobti acquired 2,000 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $32.
07 per share, for a total transaction of $64,140.00. Following the completion of the transaction, the director now owns 20,782 shares in the company, valued at approximately $666,478.
74. This represents a 10.65 % increase in their position.
The disclosure for this purchase can be found here. Company insiders own 1.19% of the company’s stock.
Analyst Upgrades and DowngradesBKU has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their price target on BankUnited from $38.00 to $45.
00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Piper Sandler upgraded BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price target for the company in a research note on Tuesday.
Royal Bank of Canada raised their price target on BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd.
Wells Fargo & Company raised their price target on BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd.
Finally, Compass Point raised their price target on BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th.
One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $43.18.
Read Our Latest Analysis on BankUnitedBankUnited Company Profile (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 ReadingFive stocks we like better than BankUnitedWhy Are These Companies Considered Blue Chips?Rubrik Stock’s V-Bottom Reversal Signals a Major Rally AheadWhat Are Treasury Bonds?How Super Micro Computer Stock Is Defying the Market Sell-OffWhat Investors Must Know About Over-the-Counter (OTC) StocksAppLovin vs.
HPE: Which Tech Stock Can Bounce Back Faster?.
