BankUnited, Inc. $BKU Shares Bought by Summit Global Investments

Summit Global Investments raised its holdings in BankUnited, Inc. (NYSE:BKU) by 298.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,656 shares of the financial services provider’s stock after purchasing an additional 17,713 shares during the quarter. Summit Global Investments’ holdings in BankUnited were worth $1,068,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Eurizon Capital SGR S.p.A. purchased a new stake in BankUnited in the 4th quarter valued at about $30,000. Kestra Advisory Services LLC purchased a new position in BankUnited during the fourth quarter worth about $35,000. Strs Ohio acquired a new stake in shares of BankUnited during the first quarter valued at about $28,000. Quarry LP increased its position in shares of BankUnited by 158.2% during the third quarter. Quarry LP now owns 940 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 576 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of BankUnited by 17,050.0% during the fourth quarter. Global Retirement Partners LLC now owns 1,372 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 1,364 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Trading Down 0.0%

NYSE BKU opened at $48.03 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 13.38 and a beta of 1.17. The firm has a 50 day simple moving average of $47.63 and a 200-day simple moving average of $47.02. BankUnited, Inc. has a one year low of $34.79 and a one year high of $52.11.

BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.14). The business had revenue of $273.69 million for the quarter, compared to analysts’ expectations of $284.57 million. BankUnited had a return on equity of 9.11% and a net margin of 14.46%.During the same period in the previous year, the company earned $0.78 earnings per share. Equities research analysts anticipate that BankUnited, Inc. will post 4.16 EPS for the current fiscal year.

BankUnited Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be paid a $0.33 dividend. The ex-dividend date is Friday, July 10th. This represents a $1.32 annualized dividend and a dividend yield of 2.7%. BankUnited’s payout ratio is 36.77%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays decreased their price objective on shares of BankUnited from $53.00 to $52.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 7th. Hovde Group dropped their target price on shares of BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Cantor Fitzgerald reissued an “overweight” rating and issued a $56.00 target price on shares of BankUnited in a research report on Wednesday, July 15th. Keefe, Bruyette & Woods decreased their price target on BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a research note on Thursday, April 23rd. Finally, Weiss Ratings upgraded BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.73.

Insider Buying and Selling at BankUnited

In other news, Director John N. Digiacomo sold 1,000 shares of the company’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.97, for a total transaction of $45,970.00. Following the sale, the director owned 15,027 shares of the company’s stock, valued at approximately $690,791.19. This represents a 6.24% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jay D. Richards sold 4,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $48.67, for a total value of $194,680.00. Following the completion of the sale, the insider owned 40,502 shares in the company, valued at approximately $1,971,232.34. The trade was a 8.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.00% of the company’s stock.

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.