2 weeks Ago By Defense World Staff
Cerity Partners LLC trimmed its holdings in BankUnited, Inc. (NYSE:BKU – Free Report) by 37.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The firm owned 7,391 shares of the financial services provider’s stock after selling 4,507 shares during the quarter. Cerity Partners LLC’s holdings in BankUnited were worth $271,000 as of its most recent filing with the Securities and Exchange Commission. Several other hedge funds and other institutional investors have also modified their holdings of the stock.
Blue Trust Inc. boosted its holdings in BankUnited by 182.3% in the 4th quarter.
Blue Trust Inc. now owns 847 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 547 shares during the period. Nomura Asset Management Co.
Ltd. raised its position in shares of BankUnited by 42.3% during the fourth quarter.
Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock valued at $53,000 after buying an additional 410 shares during the last quarter.
Smartleaf Asset Management LLC lifted its stake in shares of BankUnited by 270.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock valued at $74,000 after buying an additional 1,407 shares during the period.
R Squared Ltd acquired a new stake in BankUnited during the fourth quarter worth about $113,000. Finally, KBC Group NV increased its stake in BankUnited by 87.8% during the fourth quarter.
KBC Group NV now owns 4,028 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 1,883 shares during the period. Institutional investors and hedge funds own 99.70% of the company’s stock.
Insiders Place Their BetsIn related news, insider Kevin A. Malcolm sold 3,234 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $35.
18, for a total value of $113,772.12. Following the transaction, the insider now owns 12,250 shares in the company, valued at $430,955.
This trade represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Also, Director Sanjiv Sobti acquired 1,000 shares of the company’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $32.83 per share, with a total value of $32,830.
00. Following the completion of the acquisition, the director now directly owns 21,782 shares in the company, valued at approximately $715,103.06.
The trade was a 4.81 % increase in their position. The disclosure for this purchase can be found here.
Insiders own 1.19% of the company’s stock. BankUnited Stock PerformanceNYSE BKU opened at $33.
60 on Friday. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 10.
91 and a beta of 1.20. The company has a current ratio of 0.
86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04.
BankUnited, Inc. has a 1-year low of $26.70 and a 1-year high of $44.
45. The company has a 50 day moving average of $33.83 and a 200-day moving average of $37.
33. BankUnited (NYSE:BKU – Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.
91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.19.
BankUnited had a return on equity of 8.48% and a net margin of 11.48%.
During the same period in the prior year, the business posted $0.26 earnings per share. On average, equities analysts forecast that BankUnited, Inc.
will post 3.13 earnings per share for the current fiscal year. BankUnited Increases DividendThe business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th.
Investors of record on Friday, April 11th will be given a dividend of $0.31 per share. This is an increase from BankUnited’s previous quarterly dividend of $0.
29. The ex-dividend date is Friday, April 11th. This represents a $1.
24 annualized dividend and a yield of 3.69%. BankUnited’s dividend payout ratio is 40.
26%. Analysts Set New Price TargetsA number of analysts have commented on BKU shares. StockNews.
com downgraded BankUnited from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Barclays reduced their target price on BankUnited from $44.00 to $38.
00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. Hovde Group lowered their price target on shares of BankUnited from $46.00 to $44.
00 and set an “outperform” rating on the stock in a report on Tuesday, March 25th. Wells Fargo & Company reduced their price objective on shares of BankUnited from $50.00 to $42.
00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Finally, Royal Bank of Canada lifted their target price on shares of BankUnited from $42.00 to $43.
00 and gave the company a “sector perform” rating in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $42.
18.Read Our Latest Stock Analysis on BKUAbout BankUnited (Free Report)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.
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