Hsbc Holdings PLC Has $745,000 Holdings in BankUnited, Inc. $BKU

Hsbc Holdings PLC reduced its stake in shares of BankUnited, Inc. (NYSE:BKU) by 59.8% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 16,518 shares of the financial services provider’s stock after selling 24,618 shares during the period. Hsbc Holdings PLC’s holdings in BankUnited were worth $745,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in BankUnited by 15.3% during the first quarter. Royal Bank of Canada now owns 18,092 shares of the financial services provider’s stock worth $623,000 after buying an additional 2,394 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in BankUnited by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,380 shares of the financial services provider’s stock valued at $1,528,000 after acquiring an additional 1,934 shares in the last quarter. Jane Street Group LLC purchased a new position in BankUnited during the 1st quarter worth $9,100,000. Strs Ohio purchased a new position in BankUnited during the 1st quarter worth $28,000. Finally, Invesco Ltd. grew its stake in shares of BankUnited by 1.2% in the 2nd quarter. Invesco Ltd. now owns 570,879 shares of the financial services provider’s stock worth $20,318,000 after acquiring an additional 6,815 shares in the last quarter. 99.70% of the stock is owned by institutional investors.

BankUnited Trading Up 0.1%

Shares of BankUnited stock opened at $46.10 on Friday. The stock has a market capitalization of $3.35 billion, a P/E ratio of 12.63 and a beta of 1.17. BankUnited, Inc. has a 52-week low of $34.79 and a 52-week high of $52.11. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s 50-day simple moving average is $47.71 and its 200 day simple moving average is $47.08.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). The business had revenue of $284.57 million for the quarter, compared to the consensus estimate of $290.33 million. BankUnited had a return on equity of 9.13% and a net margin of 14.76%.BankUnited’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. As a group, research analysts anticipate that BankUnited, Inc. will post 4.09 EPS for the current year.

BankUnited Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Friday, July 10th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Friday, July 10th. BankUnited’s dividend payout ratio is presently 36.16%.

Insider Activity at BankUnited

In related news, insider Jay D. Richards sold 4,000 shares of BankUnited stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $48.67, for a total value of $194,680.00. Following the completion of the transaction, the insider directly owned 40,502 shares in the company, valued at approximately $1,971,232.34. The trade was a 8.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 transaction of $45,970.00. Following the completion of the transaction, the director owned 15,027 shares of the company’s stock, valued at $690,791.19. This represents a 6.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Hovde Group lowered their target price on shares of BankUnited from $55.00 to $53.00 and set an “outperform” rating for the company in a report on Monday. Citigroup cut their price target on shares of BankUnited from $45.00 to $42.00 and set a “sell” rating on the stock in a report on Friday, July 24th. Weiss Ratings raised shares of BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Wall Street Zen upgraded shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Raymond James Financial restated an “outperform” rating on shares of BankUnited in a research note on Wednesday, April 22nd. Seven analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $52.00.

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.