BankUnited, Inc. $BKU Shares Bought by First Trust Advisors LP

First Trust Advisors LP grew its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 18.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 186,722 shares of the financial services provider’s stock after purchasing an additional 29,069 shares during the quarter. First Trust Advisors LP’s holdings in BankUnited were worth $8,432,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Strs Ohio purchased a new stake in shares of BankUnited in the first quarter valued at $28,000. Eurizon Capital SGR S.p.A. acquired a new position in BankUnited in the fourth quarter valued at $30,000. Kestra Advisory Services LLC purchased a new position in BankUnited during the fourth quarter worth about $35,000. Quarry LP lifted its position in BankUnited by 158.2% during the third quarter. Quarry LP now owns 940 shares of the financial services provider’s stock worth $36,000 after buying an additional 576 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in BankUnited by 141.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,531 shares of the financial services provider’s stock worth $54,000 after buying an additional 898 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of BankUnited in a research note on Wednesday, July 22nd. Hovde Group lowered their target price on shares of BankUnited from $55.00 to $53.00 and set an “outperform” rating for the company in a report on Monday, July 27th. Wall Street Zen raised shares of BankUnited from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Citigroup decreased their price target 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. Finally, Weiss Ratings raised shares of BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $52.00.

BankUnited Stock Up 1.2%

BKU opened at $46.64 on Friday. The firm has a 50 day moving average price of $47.71 and a 200 day moving average price of $47.07. The company has a market cap of $3.39 billion, a PE ratio of 12.78 and a beta of 1.17. BankUnited, Inc. has a 1 year low of $34.79 and a 1 year high of $52.11. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 0.82.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.03). The business had revenue of $284.57 million during the quarter, compared to analysts’ expectations of $290.33 million. BankUnited had a net margin of 14.76% and a return on equity of 9.13%. The company’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. Sell-side analysts expect that BankUnited, Inc. will post 4.09 earnings per share for the current year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Friday, July 10th were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, July 10th. BankUnited’s dividend payout ratio (DPR) is currently 36.16%.

Insider Buying and Selling at BankUnited

In related news, Director John N. Digiacomo sold 1,000 shares of BankUnited stock in a transaction 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 in the company, valued at approximately $690,791.19. The trade was a 6.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jay D. Richards sold 4,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $48.67, for a total transaction of $194,680.00. Following the sale, the insider directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

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.