Hussman Strategic Advisors Inc. Sells 73,500 Shares of BankUnited, Inc. $BKU

Hussman Strategic Advisors Inc. reduced its position in shares of BankUnited, Inc. (NYSE:BKU) by 70.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,500 shares of the financial services provider’s stock after selling 73,500 shares during the quarter. Hussman Strategic Advisors Inc.’s holdings in BankUnited were worth $1,202,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Bayforest Capital Ltd increased its position in shares of BankUnited by 32.3% in the second quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 271 shares during the period. Maryland State Retirement & Pension System boosted its holdings in shares of BankUnited by 1.4% during the second quarter. Maryland State Retirement & Pension System now owns 22,104 shares of the financial services provider’s stock worth $787,000 after purchasing an additional 304 shares during the period. Yousif Capital Management LLC grew its stake in shares of BankUnited by 1.2% in the second quarter. Yousif Capital Management LLC now owns 27,917 shares of the financial services provider’s stock worth $994,000 after purchasing an additional 337 shares during the last quarter. GAMMA Investing LLC increased its holdings in BankUnited by 7.7% during the 3rd quarter. GAMMA Investing LLC now owns 5,132 shares of the financial services provider’s stock valued at $196,000 after purchasing an additional 368 shares during the period. Finally, Amalgamated Bank increased its holdings in BankUnited by 1.8% during the 3rd quarter. Amalgamated Bank now owns 21,812 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 393 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.

BankUnited Stock Performance

Shares of BankUnited stock opened at $47.01 on Thursday. BankUnited, Inc. has a 12 month low of $28.21 and a 12 month high of $52.11. The firm has a market capitalization of $3.53 billion, a P/E ratio of 13.28 and a beta of 1.30. The company has a current ratio of 0.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $45.26 and a two-hundred day simple moving average of $40.76.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. BankUnited had a net margin of 14.14% and a return on equity of 9.09%. The company had revenue of $288.20 million during the quarter, compared to analyst estimates of $279.76 million. During the same period last year, the business earned $0.91 EPS. On average, equities analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Friday, January 9th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, January 9th. BankUnited’s dividend payout ratio (DPR) is presently 35.03%.

Analyst Ratings Changes

Several equities research analysts have weighed in on BKU shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $44.00 price objective on shares of BankUnited in a report on Thursday, October 23rd. Weiss Ratings restated a “buy (b-)” rating on shares of BankUnited in a report on Wednesday, January 21st. Wells Fargo & Company raised their price target on BankUnited from $42.00 to $50.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Jefferies Financial Group boosted their price objective on shares of BankUnited from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Wednesday, January 21st. Finally, Piper Sandler raised their target price on shares of BankUnited from $42.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $52.91.

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.