Cipher Capital LP Purchases 18,673 Shares of BankUnited, Inc. (BKU)
Cipher Capital LP raised its position in BankUnited, Inc. (NYSE:BKU) by 19.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 116,677 shares of the financial services provider’s stock after purchasing an additional 18,673 shares during the quarter. Cipher Capital LP owned 0.11% of BankUnited worth $4,150,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in BKU. BlackRock Inc. raised its stake in shares of BankUnited by 14,458.5% in the 1st quarter. BlackRock Inc. now owns 4,958,929 shares of the financial services provider’s stock valued at $185,017,000 after purchasing an additional 4,924,867 shares during the period. BNP Paribas Arbitrage SA increased its position in shares of BankUnited by 3,522.2% in the second quarter. BNP Paribas Arbitrage SA now owns 971,171 shares of the financial services provider’s stock valued at $32,738,000 after acquiring an additional 944,359 shares during the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of BankUnited by 11.5% in the second quarter. Diamond Hill Capital Management Inc. now owns 7,666,132 shares of the financial services provider’s stock valued at $258,425,000 after acquiring an additional 792,163 shares during the last quarter. SG Americas Securities LLC increased its position in shares of BankUnited by 5,718.4% in the second quarter. SG Americas Securities LLC now owns 687,265 shares of the financial services provider’s stock valued at $23,168,000 after acquiring an additional 675,453 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of BankUnited by 180.4% in the second quarter. LSV Asset Management now owns 750,354 shares of the financial services provider’s stock valued at $25,294,000 after acquiring an additional 482,754 shares during the last quarter. 96.11% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BankUnited, Inc. (BKU) traded up $0.94 during midday trading on Friday, reaching $34.60. The company’s stock had a trading volume of 599,203 shares, compared to its average volume of 1,010,000. The firm has a market capitalization of $3,730.00, a P/E ratio of 14.24, a PEG ratio of 1.60 and a beta of 1.08. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.86. BankUnited, Inc. has a 1 year low of $30.37 and a 1 year high of $41.00.
BankUnited (NYSE:BKU) last announced its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The firm had revenue of $294.59 million for the quarter, compared to the consensus estimate of $273.51 million. BankUnited had a return on equity of 10.23% and a net margin of 19.82%. During the same quarter in the previous year, the business earned $0.47 earnings per share. equities analysts forecast that BankUnited, Inc. will post 2.39 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Friday, October 13th. BankUnited’s dividend payout ratio (DPR) is presently 35.29%.
In other BankUnited news, Chairman John Adam Kanas sold 78,190 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $33.18, for a total transaction of $2,594,344.20. Following the transaction, the chairman now owns 565,076 shares of the company’s stock, valued at $18,749,221.68. The sale was disclosed in a document filed with the SEC, which is available through this link. 5.10% of the stock is owned by insiders.
A number of analysts recently issued reports on BKU shares. BidaskClub downgraded BankUnited from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. ValuEngine downgraded BankUnited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $41.00 target price on shares of BankUnited in a research report on Thursday, September 28th. Zacks Investment Research downgraded BankUnited from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, J P Morgan Chase & Co downgraded BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 target price on the stock. in a research report on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $40.27.
BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.
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