Burney Co. Invests $1.03 Million in BankUnited, Inc. $BKU

Burney Co. purchased a new position in shares of BankUnited, Inc. (NYSE:BKU) during the first quarter, Holdings Channel reports. The firm purchased 22,710 shares of the financial services provider’s stock, valued at approximately $1,026,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Eurizon Capital SGR S.p.A. purchased a new position in BankUnited during the fourth quarter worth approximately $30,000. Kestra Advisory Services LLC purchased a new stake in shares of BankUnited in the 4th quarter valued at approximately $35,000. Strs Ohio acquired a new position in BankUnited in the first quarter valued at approximately $28,000. Quarry LP grew its position in BankUnited by 158.2% in the third quarter. Quarry LP now owns 940 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 576 shares during the period. Finally, Global Retirement Partners LLC raised its position in BankUnited by 17,050.0% in the fourth quarter. Global Retirement Partners LLC now owns 1,372 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 1,364 shares during the period. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at BankUnited

In other BankUnited news, Director John N. Digiacomo sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was 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 approximately $690,791.19. This trade represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jay D. Richards sold 4,000 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $48.67, for a total value of $194,680.00. Following the completion of the sale, the insider directly owned 40,502 shares of the company’s stock, valued at $1,971,232.34. The trade was a 8.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

BKU has been the subject of several research analyst reports. Wall Street Zen lowered shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Weiss Ratings upgraded BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Hovde Group reduced their price target on shares of BankUnited from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Keefe, Bruyette & Woods cut their target price on shares of BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a research note on Thursday, April 23rd. Finally, Barclays dropped their price target on shares of BankUnited from $53.00 to $52.00 and set an “equal weight” rating for the company in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.73.

BankUnited Trading Down 2.4%

NYSE:BKU opened at $47.61 on Thursday. BankUnited, Inc. has a 1 year low of $34.79 and a 1 year high of $52.11. The stock has a market cap of $3.46 billion, a P/E ratio of 13.26 and a beta of 1.17. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50-day simple moving average of $47.38 and a 200-day simple moving average of $46.82.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.14). The business had revenue of $273.69 million for the quarter, compared to analysts’ expectations 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 previous year, the firm earned $0.78 EPS. As a group, analysts anticipate that BankUnited, Inc. will post 4.16 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, July 10th. BankUnited’s dividend payout ratio (DPR) is currently 36.77%.

BankUnited Company 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.