BankUnited, Inc. $BKU Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd trimmed its stake in BankUnited, Inc. (NYSE:BKU) by 88.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,876 shares of the financial services provider’s stock after selling 148,247 shares during the quarter. WINTON GROUP Ltd’s holdings in BankUnited were worth $915,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of BKU. Allworth Financial LP purchased a new position in BankUnited during the second quarter worth approximately $26,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of BankUnited during the 4th quarter valued at $30,000. Kestra Advisory Services LLC acquired a new stake in shares of BankUnited during the 4th quarter worth $35,000. Strs Ohio acquired a new stake in shares of BankUnited during the 1st quarter worth $28,000. Finally, IFP Advisors Inc increased its holdings in shares of BankUnited by 85.4% during the 2nd quarter. IFP Advisors Inc now owns 938 shares of the financial services provider’s stock worth $45,000 after buying an additional 432 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Stock Performance

Shares of BKU opened at $44.81 on Monday. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 12.28 and a beta of 1.17. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.54. The business’s 50 day moving average is $46.94 and its two-hundred day moving average is $46.68. BankUnited, Inc. has a 52-week low of $35.10 and a 52-week high of $52.11.

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). The company 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 firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.91 EPS. Analysts forecast that BankUnited, Inc. will post 4.01 EPS for the current fiscal year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 10th were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, July 10th. BankUnited’s dividend payout ratio is 36.16%.

Insiders Place Their Bets

In other BankUnited news, Director Douglas Pauls sold 3,000 shares of the firm’s stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $47.90, for a total transaction of $143,700.00. Following the completion of the transaction, the director directly owned 42,472 shares of the company’s stock, valued at $2,034,408.80. This trade represents a 6.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Royal Bank Of Canada reduced their target price on BankUnited from $53.00 to $50.00 and set a “sector perform” rating on the stock in a report on Thursday, July 23rd. Wall Street Zen upgraded BankUnited from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Hovde Group reduced their price objective on BankUnited from $55.00 to $53.00 and set an “outperform” rating on the stock in a research note on Monday, July 27th. Wells Fargo & Company assumed coverage on BankUnited in a report on Monday, August 10th. They set an “overweight” rating and a $54.00 target price for the company. Finally, Zacks Research lowered shares of BankUnited from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.64.

BankUnited Profile

BankUnited, Inc (NYSE:BKU) is the bank holding company for BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida. The company provides banking products and services to commercial and middle-market businesses, public-sector organizations, and individual consumers.

Its offerings include commercial and industrial lending, commercial real estate financing, residential and commercial mortgage lending, consumer loans, deposit accounts, treasury management, online and mobile banking, and other cash-management services.