SG Americas Securities LLC Has $321,000 Position in BankUnited, Inc. $BKU

SG Americas Securities LLC lessened its position in BankUnited, Inc. (NYSE:BKU) by 67.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,020 shares of the financial services provider’s stock after selling 18,393 shares during the quarter. SG Americas Securities LLC’s holdings in BankUnited were worth $321,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Strs Ohio acquired a new position in BankUnited during the 1st quarter worth approximately $28,000. Brooklyn Investment Group boosted its holdings in BankUnited by 14,050.0% during the first quarter. Brooklyn Investment Group now owns 849 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 843 shares during the last quarter. Bayforest Capital Ltd grew its position in BankUnited by 32.3% in the second quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 271 shares in the last quarter. Headlands Technologies LLC increased its stake in BankUnited by 697.4% in the 1st quarter. Headlands Technologies LLC now owns 2,464 shares of the financial services provider’s stock valued at $85,000 after buying an additional 2,155 shares during the last quarter. Finally, Quarry LP increased its stake in BankUnited by 9,157.5% in the 1st quarter. Quarry LP now owns 3,703 shares of the financial services provider’s stock valued at $128,000 after buying an additional 3,663 shares during the last quarter. Institutional investors own 99.70% of the company’s stock.

Analysts Set New Price Targets

BKU has been the subject of a number of recent research reports. Wells Fargo & Company reduced their price objective on shares of BankUnited from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Thursday, October 23rd. Jefferies Financial Group reduced their price target on BankUnited from $42.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BankUnited in a research report on Wednesday, October 8th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $42.00 price objective on shares of BankUnited in a research note on Thursday, October 23rd. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $44.00 price objective on shares of BankUnited in a report on Thursday, October 23rd. Five analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $41.91.

BankUnited Price Performance

Shares of NYSE BKU opened at $43.21 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.83 and a debt-to-equity ratio of 0.69. The business’s 50 day moving average price is $39.34 and its two-hundred day moving average price is $37.62. The company has a market cap of $3.25 billion, a PE ratio of 12.17 and a beta of 1.34. BankUnited, Inc. has a twelve month low of $28.21 and a twelve month high of $43.82.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. The company had revenue of $275.68 million during the quarter, compared to analysts’ expectations of $280.33 million. BankUnited had a return on equity of 9.18% and a net margin of 13.98%.The business’s revenue was down 7.1% on a year-over-year basis. During the same period last year, the firm posted $0.81 earnings per share. On average, analysts predict that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Friday, October 10th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, October 10th. BankUnited’s payout ratio is 34.93%.

BankUnited Company Profile

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.