Hsbc Holdings PLC Has $1.83 Million Stock Holdings in BankUnited, Inc. $BKU

Hsbc Holdings PLC trimmed its stake in BankUnited, Inc. (NYSE:BKU) by 38.3% in the fourth quarter, Holdings Channel reports. The firm owned 41,136 shares of the financial services provider’s stock after selling 25,522 shares during the quarter. Hsbc Holdings PLC’s holdings in BankUnited were worth $1,835,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BKU. Royal Bank of Canada boosted its holdings in shares of BankUnited by 15.3% in the 1st quarter. Royal Bank of Canada now owns 18,092 shares of the financial services provider’s stock valued at $623,000 after buying an additional 2,394 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in BankUnited by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,380 shares of the financial services provider’s stock worth $1,528,000 after acquiring an additional 1,934 shares in the last quarter. Jane Street Group LLC bought a new stake in BankUnited during the first quarter worth $9,100,000. Strs Ohio acquired a new stake in BankUnited in the first quarter valued at $28,000. Finally, Invesco Ltd. lifted its stake in BankUnited by 1.2% in the second quarter. Invesco Ltd. now owns 570,879 shares of the financial services provider’s stock valued at $20,318,000 after acquiring an additional 6,815 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Insider Activity at BankUnited

In other news, insider Jay D. Richards sold 4,000 shares of the stock in a transaction that occurred 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 transaction, the insider owned 40,502 shares in the company, 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 stock was sold at an average price of $45.97, for a total value of $45,970.00. Following the sale, the director directly owned 15,027 shares of the company’s stock, valued at approximately $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 corporate insiders.

BankUnited Price Performance

Shares of BKU opened at $48.41 on Tuesday. The firm has a market capitalization of $3.52 billion, a PE ratio of 13.48 and a beta of 1.17. The company’s 50-day moving average is $47.11 and its 200-day moving average is $46.68. BankUnited, Inc. has a fifty-two week low of $34.79 and a fifty-two week high of $52.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.82 and a quick ratio of 0.82.

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

BankUnited Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BKU. Wells Fargo & Company boosted their price objective on shares of BankUnited from $50.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, March 30th. Wall Street Zen downgraded shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Saturday. Raymond James Financial reiterated an “outperform” rating on shares of BankUnited in a report on Wednesday, April 22nd. Weiss Ratings raised BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Finally, Barclays dropped their price objective on BankUnited from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $53.27.

BankUnited Profile

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.