AHL Partners LLP Decreases Position in BankUnited, Inc. (BKU)
AHL Partners LLP lowered its position in shares of BankUnited, Inc. (NYSE:BKU) by 64.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,601 shares of the financial services provider’s stock after selling 23,099 shares during the quarter. AHL Partners LLP’s holdings in BankUnited were worth $425,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Comerica Bank boosted its stake in BankUnited by 7.4% during the second quarter. Comerica Bank now owns 224,682 shares of the financial services provider’s stock valued at $7,451,000 after buying an additional 15,437 shares in the last quarter. Moody Aldrich Partners LLC boosted its stake in BankUnited by 31.6% during the second quarter. Moody Aldrich Partners LLC now owns 24,005 shares of the financial services provider’s stock valued at $809,000 after buying an additional 5,770 shares in the last quarter. Victory Capital Management Inc. boosted its stake in BankUnited by 1.9% during the second quarter. Victory Capital Management Inc. now owns 1,581,056 shares of the financial services provider’s stock valued at $53,297,000 after buying an additional 30,213 shares in the last quarter. Canada Pension Plan Investment Board boosted its stake in BankUnited by 55.4% during the second quarter. Canada Pension Plan Investment Board now owns 28,600 shares of the financial services provider’s stock valued at $964,000 after buying an additional 10,200 shares in the last quarter. Finally, LSV Asset Management boosted its stake in BankUnited by 180.4% during the second quarter. LSV Asset Management now owns 750,354 shares of the financial services provider’s stock valued at $25,294,000 after buying an additional 482,754 shares in the last quarter. 97.67% of the stock is owned by institutional investors and hedge funds.
A number of research firms recently weighed in on BKU. Zacks Investment Research lowered BankUnited from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. ValuEngine upgraded BankUnited from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $41.00 price target on shares of BankUnited in a research report on Thursday, September 28th. BMO Capital Markets reiterated a “hold” rating and issued a $40.00 price target on shares of BankUnited in a research report on Friday, July 7th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $39.00 price target (down previously from $40.00) on shares of BankUnited in a research report on Thursday, July 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.82.
In other BankUnited news, Chairman John Adam Kanas sold 78,190 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $33.18, for a total value of $2,594,344.20. Following the completion of the transaction, the chairman now directly owns 565,076 shares of the company’s stock, valued at $18,749,221.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeffrey Starr sold 7,445 shares of the business’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $35.08, for a total value of $261,170.60. Following the completion of the transaction, the insider now directly owns 29,000 shares of the company’s stock, valued at $1,017,320. The disclosure for this sale can be found here. Over the last three months, insiders sold 386,035 shares of company stock valued at $12,843,735. Insiders own 5.10% of the company’s stock.
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Shares of BankUnited, Inc. (NYSE:BKU) opened at 35.06 on Friday. The firm’s 50-day moving average price is $34.03 and its 200-day moving average price is $34.13. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 15.69 and a beta of 1.10. BankUnited, Inc. has a 12 month low of $28.38 and a 12 month high of $41.00.
BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. BankUnited had a return on equity of 9.81% and a net margin of 19.54%. The firm had revenue of $269.48 million during the quarter, compared to analysts’ expectations of $258.47 million. During the same period in the previous year, the firm earned $0.52 earnings per share. On average, equities analysts anticipate that BankUnited, Inc. will post $2.36 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, October 13th. This represents a $0.84 dividend on an annualized basis and a yield of 2.40%. BankUnited’s payout ratio is 37.67%.
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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