BankUnited, Inc. (NYSE:BKU) Shares Acquired by Hennessy Advisors Inc.

Hennessy Advisors Inc. lifted its position in BankUnited, Inc. (NYSE:BKU) by 4.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 120,000 shares of the financial services provider’s stock after buying an additional 5,000 shares during the quarter. Hennessy Advisors Inc. owned approximately 0.16% of BankUnited worth $3,360,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in shares of BankUnited by 106.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,879 shares of the financial services provider’s stock valued at $126,000 after buying an additional 2,000 shares during the period. GAMMA Investing LLC purchased a new stake in shares of BankUnited in the 4th quarter valued at $147,000. Neo Ivy Capital Management purchased a new stake in shares of BankUnited in the 4th quarter valued at $238,000. TFO Wealth Partners LLC raised its holdings in shares of BankUnited by 214,050.0% in the 4th quarter. TFO Wealth Partners LLC now owns 8,566 shares of the financial services provider’s stock valued at $278,000 after buying an additional 8,562 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of BankUnited by 16.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,173 shares of the financial services provider’s stock valued at $231,000 after buying an additional 1,434 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Insider Activity at BankUnited

In related news, Director John N. Digiacomo sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $29.28, for a total value of $43,920.00. Following the completion of the sale, the director now directly owns 13,482 shares of the company’s stock, valued at approximately $394,752.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.19% of the company’s stock.

BankUnited Stock Up 1.3 %

Shares of BKU traded up $0.36 during mid-day trading on Friday, reaching $28.91. The company’s stock had a trading volume of 252,122 shares, compared to its average volume of 807,110. BankUnited, Inc. has a 12-month low of $20.84 and a 12-month high of $34.22. The stock has a market cap of $2.16 billion, a PE ratio of 12.31 and a beta of 1.33. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.88 and a quick ratio of 0.88. The company’s 50 day moving average is $28.26 and its 200 day moving average is $28.36.

BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02. The firm had revenue of $508.35 million during the quarter, compared to analysts’ expectations of $239.84 million. BankUnited had a return on equity of 8.06% and a net margin of 8.71%. During the same period in the prior year, the firm earned $0.70 EPS. Equities analysts anticipate that BankUnited, Inc. will post 2.81 EPS for the current fiscal year.

BankUnited Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 12th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, July 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.01%. BankUnited’s dividend payout ratio (DPR) is presently 50.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on BKU shares. JPMorgan Chase & Co. upped their price target on BankUnited from $33.00 to $34.50 and gave the stock a “neutral” rating in a report on Thursday. Barclays upped their price target on BankUnited from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday. StockNews.com upgraded BankUnited from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Keefe, Bruyette & Woods cut their price target on BankUnited from $33.00 to $31.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Finally, Royal Bank of Canada cut their price target on BankUnited from $33.00 to $29.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 9th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat, BankUnited has an average rating of “Hold” and an average price target of $30.75.

About BankUnited

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.