BankUnited, Inc. (NYSE:BKU) Shares Acquired by Versant Capital Management Inc

by · The Markets Daily

Versant Capital Management Inc boosted its holdings in shares of BankUnited, Inc. (NYSE:BKUFree Report) by 165.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,885 shares of the financial services provider’s stock after purchasing an additional 1,175 shares during the period. Versant Capital Management Inc’s holdings in BankUnited were worth $65,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. increased its stake in BankUnited by 42.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock valued at $53,000 after buying an additional 410 shares during the period. Summit Investment Advisors Inc. increased its stake in BankUnited by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider’s stock valued at $298,000 after buying an additional 495 shares during the period. Blue Trust Inc. increased its stake in BankUnited by 182.3% in the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock valued at $31,000 after buying an additional 547 shares during the period. Atria Investments Inc increased its stake in BankUnited by 7.2% in the 4th quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider’s stock valued at $314,000 after buying an additional 555 shares during the period. Finally, Bank of Montreal Can increased its stake in BankUnited by 4.1% in the 4th quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider’s stock valued at $579,000 after buying an additional 593 shares during the period. 99.70% of the stock is owned by institutional investors and hedge funds.

BankUnited Stock Performance

BKU stock opened at $33.72 on Thursday. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of 10.95 and a beta of 1.29. BankUnited, Inc. has a 12 month low of $26.78 and a 12 month high of $44.45. The firm has a 50 day moving average of $33.12 and a two-hundred day moving average of $36.81.

BankUnited (NYSE:BKUGet Free Report) last posted its earnings results on Monday, April 28th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. The company had revenue of $255.41 million during the quarter, compared to the consensus estimate of $264.35 million. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same period in the previous year, the firm posted $0.64 earnings per share. As a group, equities analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were issued a dividend of $0.31 per share. This is an increase from BankUnited’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend was Friday, April 11th. BankUnited’s dividend payout ratio is currently 38.51%.

Insider Buying and Selling

In related news, Director John N. Digiacomo sold 1,000 shares of the company’s stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $34.43, for a total transaction of $34,430.00. Following the completion of the sale, the director now directly owns 14,516 shares of the company’s stock, valued at approximately $499,785.88. This represents a 6.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Leslie Lunak sold 22,776 shares of the company’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $33.56, for a total transaction of $764,362.56. Following the sale, the chief financial officer now directly owns 59,899 shares of the company’s stock, valued at approximately $2,010,210.44. This represents a 27.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.15% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

BKU has been the topic of several research reports. Piper Sandler upgraded shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price objective on the stock in a research note on Tuesday, March 11th. Jefferies Financial Group initiated coverage on shares of BankUnited in a research note on Wednesday, May 21st. They issued a “hold” rating and a $39.00 price objective on the stock. Wall Street Zen lowered shares of BankUnited from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Barclays dropped their price objective on shares of BankUnited from $44.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of BankUnited from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $40.42.

Read Our Latest Analysis on BankUnited

BankUnited Profile

(Free Report)

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.

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