AlphaQuest LLC Has $1.51 Million Stock Holdings in BankUnited, Inc. $BKU

AlphaQuest LLC cut its holdings in BankUnited, Inc. (NYSE:BKU) by 47.5% in the second quarter, Holdings Channel.com reports. The fund owned 42,348 shares of the financial services provider’s stock after selling 38,321 shares during the quarter. AlphaQuest LLC’s holdings in BankUnited were worth $1,507,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. lifted its stake in BankUnited by 6.2% in the first quarter. American Century Companies Inc. now owns 1,849,271 shares of the financial services provider’s stock valued at $63,689,000 after acquiring an additional 107,962 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in BankUnited by 3.8% in the first quarter. Ameriprise Financial Inc. now owns 1,461,439 shares of the financial services provider’s stock valued at $50,332,000 after acquiring an additional 53,905 shares during the last quarter. Royce & Associates LP lifted its stake in BankUnited by 8.8% in the first quarter. Royce & Associates LP now owns 1,250,997 shares of the financial services provider’s stock valued at $43,084,000 after acquiring an additional 101,170 shares during the last quarter. Wellington Management Group LLP lifted its stake in BankUnited by 893.2% in the first quarter. Wellington Management Group LLP now owns 1,150,879 shares of the financial services provider’s stock valued at $39,636,000 after acquiring an additional 1,035,002 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of BankUnited by 36.8% in the first quarter. Bank of New York Mellon Corp now owns 1,059,697 shares of the financial services provider’s stock worth $36,496,000 after buying an additional 285,092 shares during the last quarter. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BKU has been the subject of a number of analyst reports. Wall Street Zen upgraded shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Hovde Group boosted their price objective on shares of BankUnited from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Thursday, July 24th. Weiss Ratings restated a “buy (b-)” rating on shares of BankUnited in a research note on Friday. Barclays boosted their price objective on shares of BankUnited from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Finally, Jefferies Financial Group reduced their price objective on shares of BankUnited from $42.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.91.

BankUnited Price Performance

NYSE:BKU opened at $37.97 on Friday. The stock has a market cap of $2.86 billion, a P/E ratio of 10.69 and a beta of 1.27. 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 company has a fifty day moving average price of $38.35 and a 200 day moving average price of $36.15. BankUnited, Inc. has a one year low of $28.21 and a one year high of $44.45.

BankUnited (NYSE:BKU) last announced its quarterly earnings results 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. The firm had revenue of $275.68 million for the quarter, compared to analyst estimates of $280.33 million. BankUnited had a net margin of 13.98% and a return on equity of 9.18%. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.81 EPS. Analysts anticipate that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, October 10th. BankUnited’s payout ratio is 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.