BankUnited, Inc. (NYSE:BKU) Declares Quarterly Dividend of $0.31

BankUnited, Inc. (NYSE:BKU) declared a quarterly dividend on Tuesday, December 23rd. Investors of record on Friday, January 9th will be paid a dividend of 0.31 per share by the financial services provider on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Friday, January 9th.

BankUnited has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. BankUnited has a payout ratio of 35.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BankUnited to earn $3.41 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 36.4%.

BankUnited Stock Up 0.2%

BKU stock traded up $0.11 during trading hours on Wednesday, reaching $45.19. 57,358 shares of the stock were exchanged, compared to its average volume of 873,223. The firm’s 50-day moving average is $41.59 and its 200-day moving average is $38.89. BankUnited has a 12 month low of $28.21 and a 12 month high of $46.92. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 12.74 and a beta of 1.34. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.83 and a quick ratio of 0.83.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in BKU. Hsbc Holdings PLC raised its stake in BankUnited by 45.5% in the 1st quarter. Hsbc Holdings PLC now owns 46,351 shares of the financial services provider’s stock valued at $1,580,000 after acquiring an additional 14,484 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of BankUnited by 3.8% in the first quarter. Ameriprise Financial Inc. now owns 1,461,439 shares of the financial services provider’s stock valued at $50,332,000 after purchasing an additional 53,905 shares during the last quarter. Jump Financial LLC acquired a new position in shares of BankUnited in the first quarter valued at $1,398,000. Walleye Capital LLC bought a new position in shares of BankUnited in the first quarter valued at about $320,000. Finally, Jane Street Group LLC acquired a new stake in shares of BankUnited during the 1st quarter worth about $9,100,000. 99.70% of the stock is currently owned by institutional investors.

About BankUnited

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.