2 weeks Ago By Defense World Staff
Xponance Inc. bought a new position in BankUnited, Inc. (NYSE:BKU – Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund bought 5,415 shares of the financial services provider’s stock, valued at approximately $207,000. Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc.
boosted its position in shares of BankUnited by 182.3% during the 4th quarter. Blue Trust Inc.
now owns 847 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 547 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in BankUnited by 270.6% during the fourth quarter.
Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 1,407 shares during the last quarter. R Squared Ltd purchased a new position in shares of BankUnited in the 4th quarter worth $113,000. KBC Group NV increased its holdings in shares of BankUnited by 87.
8% in the 4th quarter. KBC Group NV now owns 4,028 shares of the financial services provider’s stock worth $154,000 after buying an additional 1,883 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of BankUnited by 9.
2% during the 4th quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider’s stock valued at $193,000 after buying an additional 426 shares in the last quarter. 99.
70% of the stock is owned by institutional investors. Insider ActivityIn related news, Director Sanjiv Sobti purchased 2,000 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average cost of $32.
07 per share, for a total transaction of $64,140.00. Following the acquisition, the director now owns 20,782 shares of the company’s stock, valued at $666,478.
74. The trade was a 10.65 % increase in their position.
The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kevin A. Malcolm sold 3,234 shares of the company’s stock in a transaction on Wednesday, March 5th.
The stock was sold at an average price of $35.18, for a total value of $113,772.12.
Following the sale, the insider now owns 12,250 shares of the company’s stock, valued at $430,955. This trade represents a 20.89 % decrease in their ownership of the stock.
The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.
BankUnited Trading Down 3.0 %Shares of BKU opened at $34.15 on Friday.
The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 11.09 and a beta of 1.
40. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.
86 and a quick ratio of 0.88. BankUnited, Inc.
has a 1-year low of $24.34 and a 1-year high of $44.45.
The company has a 50-day moving average of $37.69 and a 200 day moving average of $38.01.
BankUnited (NYSE:BKU – Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.
72 by $0.19. BankUnited had a net margin of 11.
48% and a return on equity of 8.48%. During the same quarter in the prior year, the firm earned $0.
26 earnings per share. On average, research analysts expect that BankUnited, Inc. will post 3.
13 EPS for the current year. BankUnited Increases DividendThe company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be issued a $0.
31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.
63%. This is a boost from BankUnited’s previous quarterly dividend of $0.29.
The ex-dividend date is Friday, April 11th. BankUnited’s dividend payout ratio is currently 37.66%.
Wall Street Analyst Weigh InSeveral brokerages have weighed in on BKU. Barclays reduced their price objective on BankUnited from $45.00 to $44.
00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Hovde Group decreased their price target on BankUnited from $46.00 to $44.
00 and set an “outperform” rating on the stock in a report on Tuesday, March 25th. Compass Point lifted their price objective on shares of BankUnited from $42.00 to $49.
00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Royal Bank of Canada increased their target price on shares of BankUnited from $42.00 to $43.
00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. Finally, StockNews.com cut shares of BankUnited from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th.
One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, BankUnited has a consensus rating of “Hold” and a consensus target price of $43.45.
View Our Latest Report on BankUnitedBankUnited 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.Featured StoriesFive stocks we like better than BankUnitedEarnings Per Share Calculator: How to Calculate EPSMarketBeat Week in Review – 03/24 – 03/28Top Stocks Investing in 5G TechnologyShould You Buy UPS Stock Now? Deep Dive Into Its 5-Year LowWhat Are Dividend Achievers? An Introduction4 Healthcare Stocks With Massive Gains—and More to Come.
