Public Employees Retirement System of Ohio Buys Shares of 64,615 BankUnited, Inc. $BKU

Public Employees Retirement System of Ohio purchased a new position in shares of BankUnited, Inc. (NYSE:BKU) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 64,615 shares of the financial services provider’s stock, valued at approximately $3,131,000.

A number of other hedge funds and other institutional investors have also modified their holdings of BKU. Royal Bank of Canada boosted its position in BankUnited by 15.3% during the first quarter. Royal Bank of Canada now owns 18,092 shares of the financial services provider’s stock worth $623,000 after acquiring an additional 2,394 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in BankUnited by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,380 shares of the financial services provider’s stock worth $1,528,000 after acquiring an additional 1,934 shares during the period. Jane Street Group LLC acquired a new position in BankUnited in the 1st quarter valued at $9,100,000. Strs Ohio purchased a new stake in shares of BankUnited in the first quarter valued at $28,000. Finally, Invesco Ltd. increased its stake in BankUnited by 1.2% in the second quarter. Invesco Ltd. now owns 570,879 shares of the financial services provider’s stock valued at $20,318,000 after purchasing an additional 6,815 shares during the last quarter. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

BankUnited Price Performance

BKU stock opened at $46.42 on Friday. The stock has a 50-day moving average price of $47.25 and a two-hundred day moving average price of $46.82. BankUnited, Inc. has a 12-month low of $35.10 and a 12-month high of $52.11. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.54. The company has a market cap of $3.31 billion, a PE ratio of 12.72 and a beta of 1.17.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.97 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). The firm had revenue of $284.57 million during the quarter, compared to analysts’ expectations of $290.33 million. BankUnited had a return on equity of 9.13% and a net margin of 14.76%.The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 earnings per share. As a group, research analysts predict that BankUnited, Inc. will post 4.01 EPS for the current year.

BankUnited Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Friday, July 10th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Friday, July 10th. BankUnited’s dividend payout ratio is 36.16%.

Insider Buying and Selling

In other BankUnited news, insider Jay D. Richards sold 4,000 shares of BankUnited 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 of the company’s stock, valued at $1,971,232.34. The trade was a 8.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Douglas J. Pauls sold 3,000 shares of the business’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 sale, the director owned 42,472 shares of the company’s stock, valued at approximately $2,034,408.80. This represents a 6.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

BKU has been the topic of a number of research analyst reports. Zacks Research lowered BankUnited from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 19th. Hovde Group cut their price objective on shares of BankUnited from $55.00 to $53.00 and set an “outperform” rating on the stock in a report on Monday, July 27th. Wall Street Zen raised shares of BankUnited from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Jefferies Financial Group restated a “buy” rating on shares of BankUnited in a report on Wednesday, July 22nd. Finally, Barclays dropped their price target on shares of BankUnited from $50.00 to $48.00 and set an “equal weight” rating for the company in a research report on Monday, August 3rd. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, BankUnited currently has a consensus rating of “Hold” and an average target price of $51.64.

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.