Deutsche Bank AG Invests $3.78 Million in BankUnited, Inc. $BKU

Deutsche Bank AG bought a new position in BankUnited, Inc. (NYSE:BKU) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 77,953 shares of the financial services provider’s stock, valued at approximately $3,777,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Eurizon Capital SGR S.p.A. acquired a new stake in shares of BankUnited during the 4th quarter worth $30,000. Kestra Advisory Services LLC acquired a new stake in BankUnited during the fourth quarter worth about $35,000. Strs Ohio purchased a new position in shares of BankUnited in the 1st quarter worth about $28,000. Quarry LP lifted its stake in shares of BankUnited by 158.2% in the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 576 shares in the last quarter. Finally, Global Retirement Partners LLC grew its holdings in shares of BankUnited by 17,050.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,372 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 1,364 shares during the period. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

BKU has been the subject of several recent research reports. Weiss Ratings raised shares of BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Zacks Research cut shares of BankUnited from a “hold” rating to a “strong sell” rating in a research report on Wednesday, August 19th. Wells Fargo & Company assumed coverage on BankUnited in a report on Monday, August 10th. They issued an “overweight” rating and a $54.00 price target for the company. Citigroup cut their price objective on BankUnited from $45.00 to $42.00 and set a “sell” rating on the stock in a research report on Friday, July 24th. Finally, Jefferies Financial Group restated a “buy” rating on shares of BankUnited in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $51.64.

Insider Buying and Selling

In other BankUnited news, Director Douglas J. Pauls sold 3,000 shares of the business’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $47.90, for a total value of $143,700.00. Following the transaction, the director owned 42,472 shares in the company, valued at $2,034,408.80. The trade was a 6.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Jay D. Richards sold 4,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $48.67, for a total transaction of $194,680.00. Following the completion of the transaction, the insider directly owned 40,502 shares of the company’s stock, valued at approximately $1,971,232.34. The trade was a 8.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,000 shares of company stock valued at $384,350 in the last quarter. Company insiders own 1.00% of the company’s stock.

BankUnited Stock Up 0.2%

Shares of NYSE:BKU opened at $46.39 on Wednesday. The company has a market capitalization of $3.30 billion, a price-to-earnings ratio of 12.71 and a beta of 1.18. The company has a 50 day moving average of $47.68 and a two-hundred day moving average of $47.02. BankUnited, Inc. has a 52-week low of $35.10 and a 52-week high of $52.11. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.54.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). The firm had revenue of $284.57 million for the quarter, compared to analyst estimates of $290.33 million. BankUnited had a return on equity of 9.13% and a net margin of 14.76%.The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 earnings per share. As a group, analysts forecast that BankUnited, Inc. will post 4.01 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 10th were paid a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.32 annualized dividend and a yield of 2.8%. BankUnited’s payout ratio is 36.16%.

BankUnited Company Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.