BankUnited, Inc. Announces Quarterly Dividend of $0.31 (NYSE:BKU)

BankUnited, Inc. (NYSE:BKU) announced a quarterly dividend on Tuesday, December 23rd. Shareholders of record on Friday, January 9th will be given a dividend of 0.31 per share by the financial services provider on Friday, January 30th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, January 9th.

BankUnited has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. BankUnited has a dividend payout ratio of 35.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect BankUnited to earn $3.41 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 36.4%.

BankUnited Stock Performance

Shares of NYSE:BKU traded up $0.09 during trading on Wednesday, hitting $45.17. 11,415 shares of the company traded hands, compared to its average volume of 873,117. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.69. The business’s fifty day moving average is $41.59 and its 200-day moving average is $38.89. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 12.71 and a beta of 1.34. BankUnited has a one year low of $28.21 and a one year high of $46.92.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. The business had revenue of $275.68 million during the quarter, compared to analyst estimates of $280.33 million. BankUnited had a return on equity of 9.18% and a net margin of 13.98%.The business’s revenue for the quarter was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.81 EPS. As a group, equities analysts predict that BankUnited will post 3.13 earnings per share for the current fiscal year.

Hedge Funds Weigh In On BankUnited

A number of hedge funds have recently modified their holdings of the stock. Jump Financial LLC acquired a new stake in BankUnited in the first quarter valued at approximately $1,398,000. Capital Fund Management S.A. bought a new stake in BankUnited in the second quarter worth $1,356,000. Baird Financial Group Inc. acquired a new position in BankUnited during the first quarter worth $398,000. Fisher Asset Management LLC raised its holdings in BankUnited by 24.7% during the second quarter. Fisher Asset Management LLC now owns 575,878 shares of the financial services provider’s stock valued at $20,495,000 after buying an additional 113,974 shares in the last quarter. Finally, Bayview Asset Management LLC lifted its position in shares of BankUnited by 45.5% in the second quarter. Bayview Asset Management LLC now owns 40,000 shares of the financial services provider’s stock worth $1,424,000 after buying an additional 12,500 shares during the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

About BankUnited

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.