Fisher Asset Management LLC Has $20.50 Million Holdings in BankUnited, Inc. $BKU

Fisher Asset Management LLC boosted its holdings in BankUnited, Inc. (NYSE:BKU) by 24.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 575,878 shares of the financial services provider’s stock after acquiring an additional 113,974 shares during the quarter. Fisher Asset Management LLC’s holdings in BankUnited were worth $20,495,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BKU. Jump Financial LLC purchased a new position in BankUnited during the 1st quarter worth $1,398,000. Baird Financial Group Inc. bought a new position in shares of BankUnited during the first quarter valued at about $398,000. Hussman Strategic Advisors Inc. lifted its position in shares of BankUnited by 25.0% during the second quarter. Hussman Strategic Advisors Inc. now owns 105,000 shares of the financial services provider’s stock valued at $3,737,000 after purchasing an additional 21,000 shares in the last quarter. Nordea Investment Management AB boosted its holdings in BankUnited by 1.5% during the second quarter. Nordea Investment Management AB now owns 108,539 shares of the financial services provider’s stock worth $3,888,000 after purchasing an additional 1,635 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in BankUnited in the 1st quarter worth about $9,100,000. Institutional investors and hedge funds own 99.70% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BKU. Weiss Ratings restated a “buy (b-)” rating on shares of BankUnited in a research note on Wednesday, October 8th. Wells Fargo & Company cut their price objective on BankUnited from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Jefferies Financial Group raised BankUnited from a “hold” rating to a “buy” rating and raised their target price for the company from $42.00 to $55.00 in a research report on Monday. Cantor Fitzgerald reiterated an “overweight” rating and set a $44.00 target price on shares of BankUnited in a research note on Thursday, October 23rd. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $42.00 price target on shares of BankUnited in a report on Thursday, October 23rd. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, BankUnited currently has a consensus rating of “Hold” and an average target price of $43.27.

BankUnited Stock Up 1.1%

Shares of NYSE BKU opened at $44.51 on Thursday. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a market capitalization of $3.34 billion, a PE ratio of 12.54 and a beta of 1.34. BankUnited, Inc. has a one year low of $28.21 and a one year high of $45.11. The business’s fifty day moving average price is $39.71 and its 200-day moving average price is $37.79.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, October 22nd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. The business had revenue of $275.68 million for the quarter, compared to analysts’ expectations of $280.33 million. BankUnited had a return on equity of 9.18% and a net margin of 13.98%.The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.81 EPS. On average, equities research analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Friday, October 10th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Friday, October 10th. BankUnited’s dividend payout ratio is presently 34.93%.

BankUnited Profile

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.