Susquehanna Fundamental Investments LLC Buys 81,088 Shares of BankUnited, Inc. $BKU

Susquehanna Fundamental Investments LLC boosted its stake in BankUnited, Inc. (NYSE:BKU) by 265.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 111,679 shares of the financial services provider’s stock after buying an additional 81,088 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in BankUnited were worth $5,411,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Two Sigma Securities LLC bought a new position in shares of BankUnited during the second quarter valued at $310,000. Hsbc Holdings PLC boosted 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 stake in shares of BankUnited in the 2nd quarter valued at $16,051,000. United Capital Financial Advisors LLC bought a new stake in shares of BankUnited in the 2nd quarter worth about $200,000. Finally, Public Employees Retirement System of Ohio bought a new stake in shares of BankUnited in the 2nd quarter worth about $3,131,000. 99.70% of the stock is currently owned by institutional investors.

BankUnited Stock Performance

Shares of NYSE:BKU opened at $45.38 on Tuesday. The business has a fifty day moving average of $47.57 and a 200-day moving average of $46.90. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 0.82. BankUnited, Inc. has a twelve month low of $35.10 and a twelve month high of $52.11. The firm has a market cap of $3.23 billion, a PE ratio of 12.43 and a beta of 1.18.

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 return on equity of 9.13% and a net margin of 14.76%.The company had revenue of $284.57 million for the quarter, compared to analyst estimates of $290.33 million. During the same quarter last year, the company earned $0.91 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts predict that BankUnited, Inc. will post 4.01 EPS for the current fiscal year.

BankUnited Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 10th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, July 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.9%. BankUnited’s payout ratio is currently 36.16%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BKU shares. Weiss Ratings reissued a “buy (b)” rating on shares of BankUnited in a report on Wednesday, August 26th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $56.00 price objective on shares of BankUnited in a research note on Wednesday, July 15th. Zacks Research lowered shares of BankUnited from a “hold” rating to a “strong sell” rating in a report on Wednesday, August 19th. Citigroup cut their target price on shares of BankUnited from $45.00 to $42.00 and set a “sell” rating for the company in a research note on Friday, July 24th. Finally, Royal Bank Of Canada cut their target price on shares of BankUnited from $53.00 to $50.00 and set a “sector perform” rating for the company in a research note on Thursday, July 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, BankUnited has an average rating of “Hold” and an average price target of $51.64.

Insider Transactions at BankUnited

In other news, insider Jay D. Richards sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $48.67, for a total transaction of $194,680.00. Following the transaction, the insider directly owned 40,502 shares in the company, valued at approximately $1,971,232.34. This represents a 8.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Douglas J. Pauls sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $47.90, for a total transaction of $143,700.00. Following the transaction, the director owned 42,472 shares in the company, valued at $2,034,408.80. The trade was a 6.60% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 1.00% of the company’s stock.

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.