BankUnited (NYSE:BKU) was the recipient of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,517,074 shares, a growth of 86.2% from the January 12th total of 814,548 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 1,170,026 shares, the short-interest ratio is currently 1.3 days.
Shares of BankUnited (NYSE:BKU) opened at $39.91 on Wednesday. BankUnited has a one year low of $30.37 and a one year high of $43.84. The company has a market cap of $4,260.00, a P/E ratio of 7.17, a price-to-earnings-growth ratio of 1.43 and a beta of 1.00. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.86.
BankUnited (NYSE:BKU) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.24. BankUnited had a net margin of 45.09% and a return on equity of 11.30%. The company had revenue of $285.37 million for the quarter, compared to analysts’ expectations of $270.33 million. During the same quarter last year, the business earned $0.59 EPS. equities analysts forecast that BankUnited will post 3.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Thursday, January 11th. BankUnited’s dividend payout ratio (DPR) is currently 15.08%.
Several equities analysts have recently weighed in on BKU shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $42.00 price objective on shares of BankUnited in a research note on Thursday, December 14th. ValuEngine upgraded shares of BankUnited from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Zacks Investment Research upgraded shares of BankUnited from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Friday, January 12th. Barclays restated a “buy” rating and set a $42.00 target price on shares of BankUnited in a research note on Tuesday, December 5th. Finally, Deutsche Bank decreased their target price on shares of BankUnited from $42.00 to $40.00 and set a “hold” rating on the stock in a research note on Wednesday, November 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. BankUnited has a consensus rating of “Hold” and an average target price of $43.09.
In other news, Director Douglas J. Pauls sold 40,000 shares of the stock in a transaction that occurred on Thursday, January 25th. The shares were sold at an average price of $42.12, for a total value of $1,684,800.00. Following the transaction, the director now owns 31,380 shares in the company, valued at approximately $1,321,725.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark Bagnoli sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total transaction of $35,880.00. Following the completion of the transaction, the insider now owns 19,699 shares in the company, valued at approximately $706,800.12. The disclosure for this sale can be found here. 2.90% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Amica Retiree Medical Trust purchased a new stake in BankUnited during the 4th quarter valued at approximately $138,000. Macquarie Group Ltd. purchased a new stake in BankUnited during the 3rd quarter valued at approximately $174,000. Forward Management LLC purchased a new stake in BankUnited during the 3rd quarter valued at approximately $192,000. QS Investors LLC grew its holdings in BankUnited by 9.6% during the 2nd quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock valued at $212,000 after buying an additional 550 shares in the last quarter. Finally, First Mercantile Trust Co. purchased a new stake in BankUnited during the 4th quarter valued at approximately $219,000. 96.43% of the stock is owned by institutional investors and hedge funds.
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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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