BankUnited (BKU) Short Interest Update

BankUnited (NYSE:BKU) saw a significant drop in short interest in December. As of December 15th, there was short interest totalling 792,978 shares, a drop of 34.9% from the November 30th total of 1,218,293 shares. Based on an average daily volume of 1,122,794 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.8% of the company’s stock are sold short.

Shares of BankUnited (BKU) opened at $40.71 on Friday. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $4,315.55, a PE ratio of 17.11, a price-to-earnings-growth ratio of 1.71 and a beta of 1.09. BankUnited has a twelve month low of $30.37 and a twelve month high of $41.64.

BankUnited (NYSE:BKU) last released its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. BankUnited had a return on equity of 10.23% and a net margin of 19.82%. The firm had revenue of $294.59 million during the quarter, compared to the consensus estimate of $273.51 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. sell-side analysts forecast that BankUnited will post 2.39 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Thursday, January 11th. BankUnited’s dividend payout ratio (DPR) is 35.29%.

In related news, insider Mark Bagnoli sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total transaction of $35,880.00. Following the sale, the insider now owns 19,699 shares of the company’s stock, valued at $706,800.12. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.10% of the stock is owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement Association of Colorado raised its position in BankUnited by 4.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 3,275 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 128 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in BankUnited by 14.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 583,067 shares of the financial services provider’s stock valued at $19,656,000 after acquiring an additional 72,616 shares in the last quarter. State of Wisconsin Investment Board raised its position in BankUnited by 4.8% during the second quarter. State of Wisconsin Investment Board now owns 20,755 shares of the financial services provider’s stock valued at $700,000 after acquiring an additional 960 shares in the last quarter. Legal & General Group Plc raised its position in BankUnited by 0.6% during the second quarter. Legal & General Group Plc now owns 65,776 shares of the financial services provider’s stock valued at $2,217,000 after acquiring an additional 413 shares in the last quarter. Finally, Prudential Financial Inc. raised its position in BankUnited by 22.4% during the second quarter. Prudential Financial Inc. now owns 93,175 shares of the financial services provider’s stock valued at $3,141,000 after acquiring an additional 17,063 shares in the last quarter. 95.26% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on BKU. Barclays raised their price objective on BankUnited from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday. Keefe, Bruyette & Woods reissued a “buy” rating and issued a $42.00 price target on shares of BankUnited in a report on Thursday, December 14th. Morgan Stanley reissued an “overweight” rating and issued a $46.00 price target on shares of BankUnited in a report on Wednesday, December 13th. BMO Capital Markets raised BankUnited from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. Finally, Deutsche Bank lowered their price target on BankUnited from $42.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday, November 8th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $41.56.

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BankUnited Company Profile

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

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