BankUnited, Inc. (NYSE:BKU – Get Rating) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totalling 4,310,000 shares, a growth of 6.9% from the August 15th total of 4,030,000 shares. Approximately 5.6% of the company's shares are sold short. Based on an average daily volume of 633,900 shares, the short-interest ratio is currently 6.8 days.
Institutional Trading of BankUnited
Hedge funds and other institutional investors have recently modified their holdings of the company. Leeward Investments LLC MA bought a new stake in shares of BankUnited in the 1st quarter worth about $31,987,000. Hsbc Holdings PLC grew its position in shares of BankUnited by 175.2% in the 1st quarter. Hsbc Holdings PLC now owns 540,367 shares of the financial services provider's stock worth $23,814,000 after buying an additional 343,997 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of BankUnited by 86.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 733,437 shares of the financial services provider's stock worth $32,242,000 after buying an additional 340,604 shares during the last quarter. State Street Corp grew its position in shares of BankUnited by 6.2% in the 4th quarter. State Street Corp now owns 5,432,012 shares of the financial services provider's stock worth $229,828,000 after buying an additional 316,720 shares during the last quarter. Finally, American Century Companies Inc. grew its position in shares of BankUnited by 11.2% in the 1st quarter. American Century Companies Inc. now owns 2,951,372 shares of the financial services provider's stock worth $129,742,000 after buying an additional 297,652 shares during the last quarter. 93.77% of the stock is owned by hedge funds and other institutional investors.
Get BankUnited alerts:BankUnited Price Performance
Shares of NYSE BKU opened at $37.38 on Thursday. BankUnited has a 1 year low of $33.90 and a 1 year high of $46.75. 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 company's 50-day moving average is $38.07 and its 200 day moving average is $39.26. The stock has a market capitalization of $2.91 billion, a P/E ratio of 9.44 and a beta of 1.25.
BankUnited (NYSE:BKU – Get Rating) last announced its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.82 earnings per share for the quarter, missing analysts' consensus estimates of $0.90 by ($0.08). The business had revenue of $238.87 million during the quarter, compared to analysts' expectations of $245.42 million. BankUnited had a return on equity of 12.00% and a net margin of 32.13%. During the same quarter last year, the company posted $1.11 EPS. On average, sell-side analysts expect that BankUnited will post 3.7 earnings per share for the current year.BankUnited Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, July 14th were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, July 13th. This represents a $1.00 dividend on an annualized basis and a yield of 2.68%. BankUnited's dividend payout ratio is currently 25.25%.
Analyst Ratings Changes
BKU has been the subject of several recent research reports. StockNews.com raised shares of BankUnited from a "sell" rating to a "hold" rating in a research note on Friday, July 29th. Wells Fargo & Company boosted their price objective on shares of BankUnited to $45.00 in a research report on Friday, July 22nd. JPMorgan Chase & Co. decreased their price objective on shares of BankUnited from $43.00 to $38.00 and set an "underweight" rating on the stock in a research report on Friday, July 1st. Piper Sandler boosted their price objective on shares of BankUnited to $40.00 in a research report on Friday, July 22nd. Finally, Keefe, Bruyette & Woods cut shares of BankUnited from an "outperform" rating to a "market perform" rating and set a $51.00 price objective on the stock. in a research report on Thursday, June 2nd. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $45.00.
About BankUnited
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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.
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