Swiss National Bank decreased its holdings in shares of BankUnited (NYSE:BKU) by 2.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 183,400 shares of the financial services provider’s stock after selling 4,500 shares during the quarter. Swiss National Bank owned 0.19% of BankUnited worth $6,188,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in BKU. Dimensional Fund Advisors LP grew its position in shares of BankUnited by 32.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,403,471 shares of the financial services provider’s stock valued at $71,961,000 after purchasing an additional 583,302 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of BankUnited by 4.2% in the 4th quarter. Geode Capital Management LLC now owns 1,126,412 shares of the financial services provider’s stock valued at $33,724,000 after acquiring an additional 45,409 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of BankUnited by 39,225.0% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,292 shares of the financial services provider’s stock valued at $210,000 after acquiring an additional 6,276 shares during the period. Bank of Montreal Can raised its stake in shares of BankUnited by 114.4% in the 1st quarter. Bank of Montreal Can now owns 283,957 shares of the financial services provider’s stock valued at $9,484,000 after acquiring an additional 151,499 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of BankUnited in the 1st quarter valued at $34,000. 97.98% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BKU stock opened at $30.47 on Wednesday. The firm has a market cap of $2.93 billion, a P/E ratio of 12.91, a P/E/G ratio of 1.21 and a beta of 1.11. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.94. BankUnited has a 1-year low of $28.05 and a 1-year high of $40.25. The firm has a fifty day moving average of $32.39 and a two-hundred day moving average of $34.14.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 12th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend was Thursday, July 11th. BankUnited’s payout ratio is presently 35.59%.
BKU has been the subject of a number of recent analyst reports. Zacks Investment Research raised shares of BankUnited from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Friday, May 24th. ValuEngine lowered shares of BankUnited from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $37.63.
In related news, insider Jay D. Richards sold 1,782 shares of the business’s stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $34.45, for a total transaction of $61,389.90. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 1.70% of the company’s stock.
BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, savings accounts, and certificates of deposit; and treasury management services.
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