50,313 Shares in BankUnited, Inc. $BKU Bought by Ieq Capital LLC

Ieq Capital LLC purchased a new position in shares of BankUnited, Inc. (NYSE:BKU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 50,313 shares of the financial services provider’s stock, valued at approximately $2,438,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BKU. Royal Bank of Canada increased its stake in BankUnited by 15.3% in the first quarter. Royal Bank of Canada now owns 18,092 shares of the financial services provider’s stock valued at $623,000 after acquiring an additional 2,394 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in BankUnited by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,380 shares of the financial services provider’s stock valued at $1,528,000 after purchasing an additional 1,934 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of BankUnited in the 1st quarter valued at approximately $9,100,000. Strs Ohio bought a new stake in shares of BankUnited in the 1st quarter valued at approximately $28,000. Finally, Invesco Ltd. raised its holdings in shares of BankUnited by 1.2% in the 2nd quarter. Invesco Ltd. now owns 570,879 shares of the financial services provider’s stock worth $20,318,000 after buying an additional 6,815 shares in the last quarter. Institutional investors own 99.70% of the company’s stock.

BankUnited Stock Down 0.0%

Shares of BKU opened at $46.31 on Tuesday. The company has a market capitalization of $3.30 billion, a P/E ratio of 12.69 and a beta of 1.18. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.82. BankUnited, Inc. has a one year low of $35.10 and a one year high of $52.11. The business’s 50 day simple moving average is $47.71 and its 200-day simple moving average is $47.04.

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

BankUnited Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 10th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, July 10th. BankUnited’s payout ratio is currently 36.16%.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods cut their target price on BankUnited from $51.00 to $49.00 and set a “market perform” rating for the company in a research report on Monday, August 3rd. Barclays lowered their price target on BankUnited from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research report on Monday, August 3rd. Cantor Fitzgerald reissued an “overweight” rating and set a $56.00 price objective on shares of BankUnited in a report on Wednesday, July 15th. Wells Fargo & Company initiated coverage on shares of BankUnited in a research note on Monday, August 10th. They issued an “overweight” rating and a $54.00 target price on the stock. Finally, Citigroup lowered their target price on shares of BankUnited from $45.00 to $42.00 and set a “sell” rating on the stock in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $51.64.

Insider Activity at BankUnited

In related news, Director John N. Digiacomo sold 1,000 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $45.97, for a total transaction of $45,970.00. Following the transaction, the director owned 15,027 shares in the company, valued at $690,791.19. This represents a 6.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas J. Pauls sold 3,000 shares of the stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $47.90, for a total transaction of $143,700.00. Following the sale, the director directly owned 42,472 shares in the company, valued at approximately $2,034,408.80. This represents a 6.60% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 8,000 shares of company stock valued at $384,350 over the last ninety days. 1.00% of the stock is owned by insiders.

About BankUnited

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.