Kennedy Capital Management LLC Has $11.47 Million Stock Holdings in BankUnited, Inc. $BKU

Kennedy Capital Management LLC boosted its position in BankUnited, Inc. (NYSE:BKU) by 20.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 257,270 shares of the financial services provider’s stock after purchasing an additional 43,015 shares during the quarter. Kennedy Capital Management LLC’s holdings in BankUnited were worth $11,467,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of BKU. HoldCo Asset Management LP raised its position in BankUnited by 277.3% in the 4th quarter. HoldCo Asset Management LP now owns 3,535,282 shares of the financial services provider’s stock valued at $157,568,000 after buying an additional 2,598,382 shares during the last quarter. Artemis Investment Management LLP acquired a new stake in BankUnited in the 4th quarter valued at approximately $73,655,000. UBS Group AG raised its position in BankUnited by 398.0% in the 4th quarter. UBS Group AG now owns 1,170,378 shares of the financial services provider’s stock valued at $52,164,000 after buying an additional 935,370 shares during the last quarter. Wellington Management Group LLP raised its position in BankUnited by 23.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,070,822 shares of the financial services provider’s stock valued at $117,183,000 after buying an additional 576,843 shares during the last quarter. Finally, Jain Global LLC acquired a new stake in BankUnited in the 3rd quarter valued at approximately $11,224,000. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Stock Down 0.1%

BKU stock opened at $48.92 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. The business has a 50 day moving average price of $46.70 and a two-hundred day moving average price of $46.34. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 13.63 and a beta of 1.17. BankUnited, Inc. has a twelve month low of $33.33 and a twelve month high of $52.11.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). The company had revenue of $273.69 million during the quarter, compared to the consensus estimate of $284.57 million. BankUnited had a net margin of 14.46% and a return on equity of 9.11%. During the same quarter in the prior year, the business earned $0.78 earnings per share. Analysts anticipate that BankUnited, Inc. will post 4.16 EPS for the current fiscal year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were paid a $0.33 dividend. This is a positive change from BankUnited’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, April 10th. BankUnited’s dividend payout ratio is 36.77%.

Wall Street Analyst Weigh In

BKU has been the topic of a number of recent research reports. Cantor Fitzgerald lifted their target price on BankUnited from $51.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Raymond James Financial reissued an “outperform” rating on shares of BankUnited in a research report on Wednesday, April 22nd. Citigroup dropped their target price on BankUnited from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Zacks Research lowered BankUnited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings raised BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Seven equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, BankUnited currently has a consensus rating of “Hold” and a consensus target price of $53.27.

Insiders Place Their Bets

In other BankUnited news, Director John N. Digiacomo sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.97, for a total value of $45,970.00. Following the completion of the transaction, the director directly owned 15,027 shares in the company, valued at $690,791.19. This trade represents a 6.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by corporate 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.