Summit Global Investments Invests $1.19 Million in BankUnited, Inc. $BKU

Summit Global Investments bought a new position in shares of BankUnited, Inc. (NYSE:BKU) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 24,535 shares of the financial services provider’s stock, valued at approximately $1,189,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Oppenheimer Asset Management Inc. bought a new position in BankUnited in the 2nd quarter valued at about $571,000. Assenagon Asset Management S.A. boosted its holdings in shares of BankUnited by 47.2% during the second quarter. Assenagon Asset Management S.A. now owns 254,990 shares of the financial services provider’s stock worth $12,354,000 after acquiring an additional 81,741 shares during the period. GAMMA Investing LLC increased its stake in shares of BankUnited by 8.0% during the second quarter. GAMMA Investing LLC now owns 6,620 shares of the financial services provider’s stock worth $321,000 after purchasing an additional 491 shares during the period. Bank of America Corp DE increased its stake in shares of BankUnited by 9.0% during the first quarter. Bank of America Corp DE now owns 819,548 shares of the financial services provider’s stock worth $37,011,000 after purchasing an additional 67,981 shares during the period. Finally, Edgestream Partners L.P. acquired a new stake in BankUnited during the 1st quarter worth approximately $6,797,000. Institutional investors own 99.70% of the company’s stock.

Insiders Place Their Bets

In other news, Director Douglas J. Pauls sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $47.90, for a total value of $143,700.00. Following the completion of the transaction, the director directly owned 42,472 shares in the company, valued at approximately $2,034,408.80. The trade was a 6.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jay D. Richards sold 4,000 shares of the company’s 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 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 8,000 shares of company stock worth $384,350 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.

Wall Street Analyst Weigh In

BKU has been the subject of several recent research reports. Keefe, Bruyette & Woods reduced their price target on BankUnited from $51.00 to $49.00 and set a “market perform” rating for the company in a research note on Monday, August 3rd. Hovde Group lowered their price objective on BankUnited from $55.00 to $53.00 and set an “outperform” rating on the stock in a research report on Monday, July 27th. Zacks Research downgraded BankUnited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Raymond James Financial reissued an “outperform” rating on shares of BankUnited in a research report on Wednesday, April 22nd. Finally, Barclays decreased their price target on shares of BankUnited from $50.00 to $48.00 and set an “equal weight” rating on the stock in a research note on Monday, August 3rd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $51.64.

BankUnited Price Performance

BankUnited stock opened at $48.29 on Friday. The stock’s fifty day moving average price is $47.85 and its two-hundred day moving average price is $47.09. BankUnited, Inc. has a one year low of $35.10 and a one year high of $52.11. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $3.44 billion, a PE ratio of 13.23 and a beta of 1.18.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.03). BankUnited had a return on equity of 9.13% and a net margin of 14.76%.The company had revenue of $284.57 million for the quarter, compared to analyst estimates of $290.33 million. During the same period last year, the company posted $0.91 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, research analysts expect that BankUnited, Inc. will post 4.01 EPS for the current fiscal year.

BankUnited Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 10th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.32 annualized dividend and a yield of 2.7%. BankUnited’s dividend payout ratio is currently 36.16%.

More BankUnited News

Here are the key news stories impacting BankUnited this week:

• Positive Sentiment: Zacks raised its Q2 2028 EPS forecast to $1.38 from $1.36. Although the increase was limited, it indicates that analysts still see potential for earnings growth beyond the current year.
• Positive Sentiment: BankUnited continues to pay a quarterly dividend of $0.33 per share, or $1.32 annually, representing a yield of approximately 2.8%. The payout ratio of 36.16% suggests the dividend remains reasonably supported by earnings.
• Neutral Sentiment: Zacks maintained a “Hold” rating. Its revised projections call for $4.53 in FY2027 EPS and $5.33 in FY2028 EPS, above the current-year consensus estimate of $4.09, but the forecasts were lowered from $4.68 and $5.69, respectively.
• Neutral Sentiment: Institutional investors own approximately 99.7% of BankUnited’s shares. Recent purchases by several investment firms may provide a degree of support, although such ownership can also contribute to volatility if institutions adjust their positions.
• Negative Sentiment: Zacks cut its FY2026 EPS estimate to $4.02 from $4.28, below the $4.09 consensus. The firm also reduced forecasts for Q3 2026 EPS to $1.07 from $1.15 and Q4 2026 EPS to $1.17 from $1.30, signaling weaker near-term earnings expectations.
• Negative Sentiment: Additional cuts affected Q1–Q4 2027 and Q1 2028 estimates, reinforcing concerns that profitability may be softer across multiple periods. The revisions follow BankUnited’s latest quarterly report, which showed EPS of $0.97 and revenue of $284.57 million, both slightly below analyst expectations.
• Negative Sentiment: Director Douglas J. Pauls sold 3,000 shares for approximately $143,700 at an average price of $47.90, reducing his direct stake by 6.6%. The sale is relatively small but may create modest investor caution. SEC Form 4 filing

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.