Teacher Retirement System of Texas Has $457,000 Holdings in BankUnited, Inc. $BKU

Teacher Retirement System of Texas lowered its holdings in BankUnited, Inc. (NYSE:BKU) by 15.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,848 shares of the financial services provider’s stock after selling 2,388 shares during the quarter. Teacher Retirement System of Texas’ holdings in BankUnited were worth $457,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of BKU. Bayforest Capital Ltd boosted its position in BankUnited by 32.3% in the 2nd quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock valued at $40,000 after buying an additional 271 shares during the last quarter. Maryland State Retirement & Pension System grew its position in shares of BankUnited by 1.4% during the 2nd quarter. Maryland State Retirement & Pension System now owns 22,104 shares of the financial services provider’s stock worth $787,000 after buying an additional 304 shares during the period. Yousif Capital Management LLC raised its stake in shares of BankUnited by 1.2% during the second quarter. Yousif Capital Management LLC now owns 27,917 shares of the financial services provider’s stock worth $994,000 after buying an additional 337 shares during the last quarter. Cerity Partners LLC lifted its holdings in BankUnited by 9.8% in the first quarter. Cerity Partners LLC now owns 8,117 shares of the financial services provider’s stock valued at $280,000 after buying an additional 726 shares during the period. Finally, Strs Ohio acquired a new position in BankUnited in the first quarter valued at approximately $28,000. 99.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

BKU has been the subject of a number of analyst reports. Hovde Group lifted their target price on shares of BankUnited from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Wall Street Zen raised BankUnited from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Wells Fargo & Company cut their target price on BankUnited from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Thursday, October 23rd. Barclays raised their target price on BankUnited from $41.00 to $43.00 and gave the stock an “equal weight” rating in a report on Thursday, July 24th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $44.00 price target on shares of BankUnited in a research note on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $41.91.

BankUnited Trading Up 0.4%

NYSE BKU opened at $40.32 on Monday. The firm has a market cap of $3.03 billion, a P/E ratio of 11.36 and a beta of 1.34. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.83 and a quick ratio of 0.84. The stock’s 50-day moving average is $38.72 and its 200-day moving average is $36.89. BankUnited, Inc. has a one year low of $28.21 and a one year high of $44.45.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.11. BankUnited had a return on equity of 9.18% and a net margin of 13.98%.The business had revenue of $275.68 million during the quarter, compared to analyst estimates of $280.33 million. During the same period in the previous year, the firm earned $0.81 EPS. BankUnited’s quarterly revenue was down 7.1% compared to the same quarter last year. Sell-side analysts anticipate that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $1.24 annualized dividend and a dividend yield of 3.1%. BankUnited’s dividend payout ratio is currently 34.93%.

BankUnited Company Profile

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.