Oppenheimer Asset Management Inc. Invests $571,000 in BankUnited, Inc. $BKU

Oppenheimer Asset Management Inc. bought a new stake in BankUnited, Inc. (NYSE:BKU) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 11,792 shares of the financial services provider’s stock, valued at approximately $571,000.

Other institutional investors have also made changes to their positions in the company. Eurizon Capital SGR S.p.A. bought a new stake in BankUnited during the 4th quarter worth about $30,000. Kestra Advisory Services LLC acquired a new stake in BankUnited in the 4th quarter valued at about $35,000. Strs Ohio bought a new position in shares of BankUnited in the first quarter worth about $28,000. Quarry LP raised its stake in shares of 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 last quarter. Finally, Global Retirement Partners LLC lifted its position in shares of BankUnited by 17,050.0% during the fourth quarter. Global Retirement Partners LLC now owns 1,372 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 1,364 shares in the last quarter. 99.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on BKU shares. Wells Fargo & Company began coverage on shares of BankUnited in a report on Monday, August 10th. They issued an “overweight” rating and a $54.00 price target for the company. Royal Bank Of Canada reduced their price objective on BankUnited from $53.00 to $50.00 and set a “sector perform” rating on the stock in a report on Thursday, July 23rd. Jefferies Financial Group reiterated a “buy” rating on shares of BankUnited in a research report on Wednesday, July 22nd. Keefe, Bruyette & Woods lowered their target price 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. Finally, Zacks Research downgraded BankUnited from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $51.64.

BankUnited Price Performance

BKU opened at $47.88 on Tuesday. The company has a fifty day moving average price of $47.87 and a two-hundred day moving average price of $47.09. The firm has a market capitalization of $3.41 billion, a PE ratio of 13.12 and a beta of 1.18. BankUnited, Inc. has a 52 week low of $35.10 and a 52 week high of $52.11. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 0.82.

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

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 10th were issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Friday, July 10th. BankUnited’s dividend payout ratio is currently 36.16%.

Insider Buying and Selling at BankUnited

In other news, Director John N. Digiacomo sold 1,000 shares of the business’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 completion of the transaction, the director directly owned 15,027 shares in the company, valued at approximately $690,791.19. The trade was a 6.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jay D. Richards sold 4,000 shares of the company’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 approximately $1,971,232.34. This trade represents a 8.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 8,000 shares of company stock valued at $384,350. 1.00% of the stock is currently owned by company insiders.

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.