2 weeks Ago By ABMN Staff
Summit Investment Advisors Inc. lifted its holdings in shares of BankUnited, Inc. ( NYSE:BKU – Free Report ) by 6.
8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,802 shares of the financial services provider’s stock after acquiring an additional 495 shares during the period. Summit Investment Advisors Inc.
’s holdings in BankUnited were worth $298,000 at the end of the most recent reporting period. A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKU. Blue Trust Inc.
increased its stake 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 buying an additional 547 shares during the last quarter. Nomura Asset Management Co. Ltd.
increased its position in BankUnited by 42.3% in the fourth quarter. Nomura Asset Management Co.
Ltd. now owns 1,380 shares of the financial services provider’s stock worth $53,000 after buying an additional 410 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in BankUnited by 270.
6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock valued at $74,000 after acquiring an additional 1,407 shares during the period. R Squared Ltd bought a new stake in shares of BankUnited in the fourth quarter valued at approximately $113,000.
Finally, KBC Group NV raised its holdings in BankUnited by 87.8% during the 4th 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.
99.70% of the stock is owned by institutional investors. Insider Transactions at BankUnited In other news, Director Sanjiv Sobti purchased 1,000 shares of the business’s stock in a transaction on Thursday, March 13th.
The stock was acquired at an average cost of $32.83 per share, for a total transaction of $32,830.00.
Following the purchase, the director now directly owns 21,782 shares in the company, valued at $715,103.06. This trade represents a 4.
81 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link . Also, insider Kevin A.
Malcolm sold 3,234 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total transaction of $113,772.
12. Following the completion of 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 position. The disclosure for this sale can be found here . Company insiders own 1.
19% of the company’s stock. Wall Street Analyst Weigh In Read Our Latest Research Report on BKU BankUnited Stock Performance BankUnited stock opened at $31.33 on Monday.
The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.
04. The stock’s 50 day moving average is $34.48 and its 200 day moving average is $37.
44. BankUnited, Inc. has a twelve month low of $26.
69 and a twelve month high of $44.45. The company has a market capitalization of $2.
36 billion, a P/E ratio of 10.17 and a beta of 1.20.
BankUnited ( NYSE:BKU – Get Free Report ) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.
72 by $0.19. BankUnited had a net margin of 11.
48% and a return on equity of 8.48%. During the same quarter in the previous year, the business earned $0.
26 EPS. On average, equities research analysts predict that BankUnited, Inc. will post 3.
13 earnings per share for the current fiscal year. BankUnited Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.
31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.
96%. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from BankUnited’s previous quarterly dividend of $0.
29. BankUnited’s dividend payout ratio (DPR) is presently 40.26%.
About 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. Further Reading Want to see what other hedge funds are holding BKU? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for BankUnited, Inc. ( NYSE:BKU – Free Report ). Receive News & Ratings for BankUnited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BankUnited and related companies with MarketBeat.
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