Bessemer Group Inc. Increases Holdings in BankUnited, Inc. $BKU

Bessemer Group Inc. raised its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 46.6% in the 1st quarter, HoldingsChannel reports. The fund owned 121,691 shares of the financial services provider’s stock after buying an additional 38,704 shares during the quarter. Bessemer Group Inc.’s holdings in BankUnited were worth $5,496,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Strs Ohio purchased a new position in shares of BankUnited in the 1st quarter valued at about $28,000. Eurizon Capital SGR S.p.A. acquired a new position in BankUnited in the fourth quarter valued at approximately $30,000. Kestra Advisory Services LLC purchased a new position in shares of BankUnited in the 4th quarter valued at $35,000. Quarry LP grew its position in shares of BankUnited by 158.2% in the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider’s stock valued at $36,000 after buying an additional 576 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in BankUnited by 141.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,531 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 898 shares in the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

BankUnited Price Performance

Shares of NYSE:BKU opened at $48.09 on Tuesday. The company has a 50-day simple moving average of $47.59 and a 200-day simple moving average of $47.00. BankUnited, Inc. has a one year low of $34.79 and a one year high of $52.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market capitalization of $3.49 billion, a price-to-earnings ratio of 13.39 and a beta of 1.17.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). BankUnited had a return on equity of 9.11% and a net margin of 14.46%.The company had revenue of $273.69 million for the quarter, compared to analysts’ expectations of $284.57 million. During the same period in the prior year, the business earned $0.78 EPS. On average, analysts predict that BankUnited, Inc. will post 4.16 EPS for the current year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders 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 yield of 2.7%. The ex-dividend date of this dividend is Friday, July 10th. BankUnited’s dividend payout ratio (DPR) is presently 36.77%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BKU. Wall Street Zen cut shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Citigroup lowered BankUnited from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $50.00 to $45.00 in a report on Tuesday, June 30th. Hovde Group cut their target price on BankUnited from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Thursday, April 23rd. Zacks Research raised BankUnited from a “hold” rating to a “strong-buy” rating in a research report on Monday, June 22nd. Finally, Weiss Ratings upgraded BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.73.

Insider Buying and Selling

In other BankUnited news, insider Jay D. Richards sold 4,000 shares of BankUnited stock in a transaction that occurred 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 transaction, the insider directly owned 40,502 shares in the company, valued at approximately $1,971,232.34. This trade represents a 8.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John N. Digiacomo sold 1,000 shares of BankUnited stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $45.97, for a total value of $45,970.00. Following the completion of the transaction, the director owned 15,027 shares in the company, valued at $690,791.19. This trade represents a 6.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.00% of the stock is currently owned by company insiders.

BankUnited 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.