Bank of New York Mellon Corp Has $37.49 Million Holdings in BankUnited, Inc. $BKU

Bank of New York Mellon Corp lessened its position in shares of BankUnited, Inc. (NYSE:BKU) by 3.9% in the first quarter, Holdings Channel.com reports. The institutional investor owned 830,255 shares of the financial services provider’s stock after selling 33,987 shares during the period. Bank of New York Mellon Corp’s holdings in BankUnited were worth $37,494,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in BankUnited by 21.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,472 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 255 shares during the last quarter. Covestor Ltd grew its holdings in BankUnited by 20.9% during the 4th quarter. Covestor Ltd now owns 1,673 shares of the financial services provider’s stock worth $75,000 after acquiring an additional 289 shares during the period. Oregon Public Employees Retirement Fund raised its position in shares of BankUnited by 1.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,213 shares of the financial services provider’s stock worth $767,000 after acquiring an additional 300 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of BankUnited by 24.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,810 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 358 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its stake in shares of BankUnited by 2.4% in the 3rd quarter. Mackenzie Financial Corp now owns 19,550 shares of the financial services provider’s stock valued at $746,000 after purchasing an additional 455 shares during the period. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Stock Performance

Shares of BKU opened at $46.39 on Friday. BankUnited, Inc. has a one year low of $34.79 and a one year high of $52.11. The company has a market cap of $3.37 billion, a PE ratio of 12.71 and a beta of 1.17. The stock has a 50-day moving average of $47.67 and a 200-day moving average of $47.04. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.82 and a quick ratio of 0.82.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). The firm had revenue of $284.57 million for the quarter, compared to analyst estimates of $290.33 million. BankUnited had a return on equity of 9.13% and a net margin of 14.76%.The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period last year, the company posted $0.91 earnings per share. On average, equities research analysts predict that BankUnited, Inc. will post 4.09 EPS for the current fiscal year.

BankUnited Announces Dividend

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

Wall Street Analysts Forecast Growth

BKU has been the topic of several research analyst reports. Jefferies Financial Group restated a “buy” rating on shares of BankUnited in a research report on Wednesday. Royal Bank Of Canada dropped their price target on BankUnited from $53.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Thursday. Wells Fargo & Company boosted their price target on BankUnited from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, March 30th. Citigroup cut their price target on BankUnited from $45.00 to $42.00 and set a “sell” rating on the stock in a report on Friday. Finally, Weiss Ratings raised shares of BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $52.00.

Insider Buying and Selling

In other news, Director John N. Digiacomo sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.97, for a total transaction of $45,970.00. Following the transaction, the director directly owned 15,027 shares of the company’s stock, valued at $690,791.19. This represents a 6.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jay D. Richards sold 4,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $48.67, for a total value of $194,680.00. Following the completion of the transaction, the insider owned 40,502 shares in the company, valued at approximately $1,971,232.34. This represents a 8.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is owned by corporate insiders.

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.