Bayview Asset Management LLC Trims Stake in BankUnited, Inc. $BKU

Bayview Asset Management LLC lessened its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 80.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the financial services provider’s stock after selling 20,000 shares during the period. BankUnited comprises approximately 0.1% of Bayview Asset Management LLC’s investment portfolio, making the stock its 19th biggest position. Bayview Asset Management LLC’s holdings in BankUnited were worth $223,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Strs Ohio bought a new position in BankUnited in the 1st quarter valued at $28,000. Eurizon Capital SGR S.p.A. bought a new position in shares of BankUnited during the 4th quarter worth $30,000. Kestra Advisory Services LLC purchased a new position in shares of BankUnited during the fourth quarter valued at $35,000. Quarry LP increased its stake in shares of BankUnited by 158.2% during the third quarter. Quarry LP now owns 940 shares of the financial services provider’s stock valued at $36,000 after buying an additional 576 shares during the period. Finally, Hantz Financial Services Inc. raised its holdings in shares of BankUnited by 202.0% in the third quarter. Hantz Financial Services Inc. now owns 1,217 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 814 shares in the last quarter. Institutional investors own 99.70% of the company’s stock.

BankUnited Price Performance

BKU opened at $48.92 on Friday. The firm has a market capitalization of $3.56 billion, a PE ratio of 13.63 and a beta of 1.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.82 and a quick ratio of 0.82. The business’s 50-day moving average is $46.70 and its two-hundred day moving average is $46.31. BankUnited, Inc. has a 1 year low of $33.33 and a 1 year high of $52.11.

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

BankUnited Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, April 10th. This is a positive change from BankUnited’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a yield of 2.7%. BankUnited’s dividend payout ratio is currently 36.77%.

Insiders Place Their Bets

In other BankUnited news, Director John N. Digiacomo sold 1,000 shares of BankUnited stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.97, for a total value of $45,970.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Cantor Fitzgerald increased their target price on shares of BankUnited from $51.00 to $56.00 and gave the stock an “overweight” rating in a report on Tuesday, March 3rd. Citigroup reduced their price target on shares of BankUnited from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Hovde Group lowered their price target on shares of BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Wells Fargo & Company increased their price objective on shares of BankUnited from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, March 30th. Finally, Barclays cut their price objective on shares of BankUnited from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 7th. Seven equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, BankUnited presently has a consensus rating of “Hold” and an average price target of $53.27.

About BankUnited

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.