BankUnited, Inc. (NYSE:BKU) Plans Quarterly Dividend of $0.33

BankUnited, Inc. (NYSE:BKU) announced a quarterly dividend on Thursday, September 24th. Investors of record on Friday, October 9th will be given a dividend of $0.33 per share by the financial services provider on Friday, October 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, October 9th.

BankUnited has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. BankUnited has a dividend payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect BankUnited to earn $4.51 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 29.3%.

BankUnited Stock Performance

Shares of BankUnited stock opened at $43.83 on Friday. The firm has a fifty day moving average of $46.19 and a two-hundred day moving average of $46.49. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 12.00 and a beta of 1.17. BankUnited has a 52 week low of $35.10 and a 52 week high of $52.11.

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

Insider Transactions at BankUnited

In related news, Director Douglas Pauls sold 3,000 shares of BankUnited stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $47.90, for a total value of $143,700.00. Following the sale, the director owned 42,472 shares of the company’s stock, valued at approximately $2,034,408.80. This trade represents a 6.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new stake in BankUnited in the 2nd quarter valued at about $518,492,000. Dimensional Fund Advisors LP lifted its position in shares of BankUnited by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 4,658,844 shares of the financial services provider’s stock valued at $210,390,000 after buying an additional 26,292 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of BankUnited during the 2nd quarter worth approximately $46,177,000. Bank of America Corp DE increased its holdings in shares of BankUnited by 9.0% during the 1st quarter. Bank of America Corp DE now owns 819,548 shares of the financial services provider’s stock worth $37,011,000 after acquiring an additional 67,981 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its stake in BankUnited by 4.9% in the 4th quarter. Bridgeway Capital Management LLC now owns 477,881 shares of the financial services provider’s stock valued at $21,299,000 after acquiring an additional 22,236 shares during the period. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Company Profile

BankUnited, Inc (NYSE:BKU) is the bank holding company for BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida. The company provides banking products and services to commercial and middle-market businesses, public-sector organizations, and individual consumers.

Its offerings include commercial and industrial lending, commercial real estate financing, residential and commercial mortgage lending, consumer loans, deposit accounts, treasury management, online and mobile banking, and other cash-management services.