Y Intercept Hong Kong Ltd Lowers Stock Position in BankUnited, Inc. $BKU

Y Intercept Hong Kong Ltd cut its stake in shares of BankUnited, Inc. (NYSE:BKU) by 35.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,046 shares of the financial services provider’s stock after selling 11,568 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in BankUnited were worth $950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of BankUnited by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,632,552 shares of the financial services provider’s stock valued at $206,472,000 after buying an additional 36,097 shares in the last quarter. State Street Corp increased its stake in BankUnited by 3.5% in the fourth quarter. State Street Corp now owns 4,437,792 shares of the financial services provider’s stock valued at $197,792,000 after acquiring an additional 149,450 shares during the last quarter. HoldCo Asset Management LP raised its position in BankUnited by 277.3% during the fourth quarter. HoldCo Asset Management LP now owns 3,535,282 shares of the financial services provider’s stock valued at $157,568,000 after purchasing an additional 2,598,382 shares in the last quarter. Wellington Management Group LLP raised its position in BankUnited by 2.8% during the fourth quarter. Wellington Management Group LLP now owns 3,155,793 shares of the financial services provider’s stock valued at $140,654,000 after purchasing an additional 84,971 shares in the last quarter. Finally, Artemis Investment Management LLP bought a new stake in BankUnited during the fourth quarter worth about $73,655,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Insider Buying and Selling at BankUnited

In other BankUnited news, Director John N. Digiacomo sold 1,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.97, for a total transaction of $45,970.00. Following the completion of the sale, the director owned 15,027 shares of the company’s stock, valued at $690,791.19. This represents a 6.24% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Jay D. Richards sold 4,000 shares of the firm’s stock in a transaction 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 completion of the sale, the insider directly owned 40,502 shares in the company, valued at approximately $1,971,232.34. This trade represents a 8.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

BKU has been the topic of several recent research reports. Barclays reduced their price objective on BankUnited from $53.00 to $52.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 7th. Raymond James Financial restated an “outperform” rating on shares of BankUnited in a research report on Wednesday, April 22nd. Citigroup lowered BankUnited from a “neutral” rating to a “sell” rating and cut their target price for the stock from $50.00 to $45.00 in a research note on Tuesday, June 30th. Wells Fargo & Company increased their price target on shares of BankUnited from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Finally, Weiss Ratings raised shares of BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $52.73.

BankUnited Price Performance

Shares of BankUnited stock opened at $48.19 on Monday. 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 simple moving average is $47.44 and its two-hundred day simple moving average is $46.86. The stock has a market capitalization of $3.50 billion, a P/E ratio of 13.42 and a beta of 1.17. BankUnited, Inc. has a one year low of $34.79 and a one year high of $52.11.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share 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 company had revenue of $273.69 million during the quarter, compared to the consensus estimate of $284.57 million. During the same quarter in the previous year, the firm posted $0.78 EPS. Analysts forecast that BankUnited, Inc. will post 4.16 EPS for the current year.

BankUnited Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, July 10th. BankUnited’s dividend payout ratio is currently 36.77%.

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.