American Trust boosted its holdings in shares of BankUnited, Inc. (NYSE:BKU – Get Rating) by 6.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,084 shares of the financial services provider's stock after buying an additional 455 shares during the period. American Trust's holdings in BankUnited were worth $311,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in BankUnited during the first quarter worth about $30,000. US Bancorp DE lifted its stake in BankUnited by 347.0% during the first quarter. US Bancorp DE now owns 3,558 shares of the financial services provider's stock worth $157,000 after purchasing an additional 2,762 shares during the last quarter. Prospera Financial Services Inc bought a new stake in BankUnited during the first quarter worth about $159,000. Hightower 6M Holding LLC bought a new stake in BankUnited during the first quarter worth about $207,000. Finally, Captrust Financial Advisors lifted its stake in BankUnited by 102.6% during the first quarter. Captrust Financial Advisors now owns 5,807 shares of the financial services provider's stock worth $255,000 after purchasing an additional 2,941 shares during the last quarter. Institutional investors own 93.77% of the company's stock.
Get BankUnited alerts:Analyst Ratings Changes
Several equities research analysts have issued reports on BKU shares. JPMorgan Chase & Co. dropped their price target on BankUnited from $43.00 to $38.00 and set an "underweight" rating for the company in a research note on Friday, July 1st. Keefe, Bruyette & Woods lowered BankUnited from an "outperform" rating to a "market perform" rating and set a $51.00 price target for the company. in a research note on Thursday, June 2nd. Piper Sandler lifted their price objective on BankUnited to $40.00 in a report on Friday, July 22nd. Wedbush lifted their price objective on BankUnited to $40.00 in a report on Friday, July 22nd. Finally, Wells Fargo & Company lifted their price objective on BankUnited to $45.00 in a report on Friday, July 22nd. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $45.00.
BankUnited Stock Up 0.1 %
Shares of NYSE:BKU opened at $37.63 on Monday. BankUnited, Inc. has a 1 year low of $33.90 and a 1 year high of $46.75. The company has a market cap of $2.93 billion, a PE ratio of 9.50 and a beta of 1.25. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.84 and a quick ratio of 0.84. The stock's 50-day moving average is $37.88 and its 200 day moving average is $39.30.BankUnited (NYSE:BKU – Get Rating) last announced its quarterly earnings results on Thursday, July 21st. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.90 by ($0.08). BankUnited had a net margin of 32.13% and a return on equity of 12.00%. The business had revenue of $238.87 million for the quarter, compared to analysts' expectations of $245.42 million. During the same quarter in the prior year, the firm earned $1.11 EPS. Sell-side analysts anticipate that BankUnited, Inc. will post 3.7 EPS for the current year.
BankUnited Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, July 29th. Investors of record on Thursday, July 14th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, July 13th. This represents a $1.00 dividend on an annualized basis and a yield of 2.66%. BankUnited's dividend payout ratio is presently 25.25%.
BankUnited Profile
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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
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