Y Intercept Hong Kong Ltd Trims Position in BankUnited, Inc. $BKU

Y Intercept Hong Kong Ltd lessened its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 35.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,046 shares of the financial services provider’s stock after selling 11,568 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in BankUnited were worth $950,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BKU. Dimensional Fund Advisors LP boosted its holdings in BankUnited by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,632,552 shares of the financial services provider’s stock valued at $206,472,000 after acquiring an additional 36,097 shares in the last quarter. State Street Corp raised its holdings in BankUnited by 3.5% in the 4th quarter. State Street Corp now owns 4,437,792 shares of the financial services provider’s stock worth $197,792,000 after purchasing an additional 149,450 shares in the last quarter. HoldCo Asset Management LP lifted its position in shares of 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 worth $157,568,000 after purchasing an additional 2,598,382 shares during the period. Wellington Management Group LLP lifted its position in shares of BankUnited by 2.8% in the 4th quarter. Wellington Management Group LLP now owns 3,155,793 shares of the financial services provider’s stock worth $140,654,000 after purchasing an additional 84,971 shares during the period. Finally, Artemis Investment Management LLP bought a new stake in shares of BankUnited during the 4th quarter valued at about $73,655,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on BKU shares. Raymond James Financial reiterated an “outperform” rating on shares of BankUnited in a research report on Wednesday, April 22nd. Wall Street Zen lowered shares of BankUnited from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Citigroup cut BankUnited from a “neutral” rating to a “sell” rating and cut their price objective for the company from $50.00 to $45.00 in a research report on Tuesday, June 30th. Weiss Ratings upgraded BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Finally, Hovde Group decreased their target price on BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.73.

Insider Buying and Selling

In other BankUnited news, insider Jay D. Richards sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 owned 40,502 shares of the company’s stock, valued at approximately $1,971,232.34. This trade represents a 8.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John N. Digiacomo sold 1,000 shares of BankUnited stock in a transaction that occurred on 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 of the company’s stock, valued at $690,791.19. The trade was a 6.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is currently owned by company insiders.

BankUnited Stock Performance

Shares of BKU stock opened at $48.19 on Monday. The company’s fifty day moving average price is $47.44 and its 200-day moving average price is $46.86. The stock has a market cap of $3.50 billion, a PE ratio of 13.42 and a beta of 1.17. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. BankUnited, Inc. has a 12 month low of $34.79 and a 12 month high of $52.11.

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

BankUnited Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, July 10th. BankUnited’s dividend payout ratio is 36.77%.

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.