BankUnited, Inc. $BKU Position Reduced by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of BankUnited, Inc. (NYSE:BKU) by 38.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 158,649 shares of the financial services provider’s stock after selling 99,808 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in BankUnited were worth $7,687,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Hsbc Holdings PLC raised its stake in shares of BankUnited by 110.3% in the 2nd quarter. Hsbc Holdings PLC now owns 34,732 shares of the financial services provider’s stock valued at $1,670,000 after purchasing an additional 18,214 shares in the last quarter. Empowered Funds LLC acquired a new position in BankUnited in the second quarter worth about $16,051,000. United Capital Financial Advisors LLC bought a new stake in BankUnited in the second quarter valued at about $200,000. Public Employees Retirement System of Ohio bought a new stake in BankUnited in the second quarter valued at about $3,131,000. Finally, Proficio Capital Partners LLC acquired a new stake in BankUnited during the second quarter valued at approximately $210,000. Institutional investors own 99.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Zacks Research downgraded BankUnited from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 19th. Barclays lowered their price target on BankUnited from $50.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday, August 3rd. Royal Bank Of Canada dropped their price target on BankUnited from $53.00 to $50.00 and set a “sector perform” rating on the stock in a research report on Thursday, July 23rd. Jefferies Financial Group restated a “buy” rating on shares of BankUnited in a research note on Wednesday, July 22nd. Finally, Wells Fargo & Company initiated coverage on shares of BankUnited in a report on Monday, August 10th. They issued an “overweight” rating and a $54.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $51.64.

Insider Transactions at BankUnited

In other BankUnited news, insider Jay Richards sold 4,000 shares of the business’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 sale, the insider directly owned 40,502 shares in the company, valued at approximately $1,971,232.34. The trade was a 8.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas Pauls sold 3,000 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $47.90, for a total transaction of $143,700.00. Following the completion of the sale, the director directly owned 42,472 shares of the company’s stock, valued at $2,034,408.80. The trade was a 6.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is owned by insiders.

BankUnited Stock Performance

BKU opened at $46.42 on Tuesday. The business has a 50 day moving average price of $47.21 and a two-hundred day moving average price of $46.79. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.82. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 12.72 and a beta of 1.17. BankUnited, Inc. has a 1-year low of $35.10 and a 1-year high of $52.11.

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

BankUnited Announces Dividend

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

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.