SG Americas Securities LLC Decreases Position in BankUnited (BKU)

SG Americas Securities LLC lowered its stake in BankUnited (NYSE:BKU) by 99.5% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,626 shares of the financial services provider’s stock after selling 683,639 shares during the period. SG Americas Securities LLC’s holdings in BankUnited were worth $129,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKU. LSV Asset Management grew its stake in BankUnited by 180.4% in the 2nd quarter. LSV Asset Management now owns 750,354 shares of the financial services provider’s stock valued at $25,294,000 after buying an additional 482,754 shares during the last quarter. Citadel Advisors LLC grew its stake in BankUnited by 33.5% in the 2nd quarter. Citadel Advisors LLC now owns 1,541,252 shares of the financial services provider’s stock valued at $51,955,000 after buying an additional 386,991 shares during the last quarter. Jennison Associates LLC grew its stake in BankUnited by 16.7% in the 3rd quarter. Jennison Associates LLC now owns 2,411,374 shares of the financial services provider’s stock valued at $85,773,000 after buying an additional 345,760 shares during the last quarter. JPMorgan Chase & Co. grew its stake in BankUnited by 9.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 3,594,925 shares of the financial services provider’s stock valued at $121,185,000 after buying an additional 314,179 shares during the last quarter. Finally, Lazard Asset Management LLC grew its stake in BankUnited by 50.9% in the 2nd quarter. Lazard Asset Management LLC now owns 894,325 shares of the financial services provider’s stock valued at $30,147,000 after buying an additional 301,860 shares during the last quarter. Institutional investors and hedge funds own 95.26% of the company’s stock.

BankUnited (NYSE:BKU) opened at $40.72 on Friday. BankUnited has a 52-week low of $30.37 and a 52-week high of $41.64. The stock has a market cap of $4,315.55, a P/E ratio of 17.11, a price-to-earnings-growth ratio of 1.91 and a beta of 1.09. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.86.

BankUnited (NYSE:BKU) last announced its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.59 by $0.03. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. The firm had revenue of $294.59 million for the quarter, compared to analyst estimates of $273.51 million. During the same quarter in the prior year, the business posted $0.47 EPS. sell-side analysts expect that BankUnited will post 2.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, January 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.06%. BankUnited’s payout ratio is presently 35.29%.

BKU has been the topic of a number of research reports. ValuEngine lowered shares of BankUnited from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Morgan Stanley reiterated an “overweight” rating and issued a $46.00 price target on shares of BankUnited in a research note on Wednesday, December 13th. JPMorgan Chase & Co. lowered shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 price target on the stock. in a research note on Wednesday, November 1st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $42.00 price target on shares of BankUnited in a research note on Thursday, December 14th. Finally, Barclays restated a “buy” rating and set a $42.00 target price on shares of BankUnited in a research report on Tuesday, December 5th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company. BankUnited currently has an average rating of “Hold” and a consensus price target of $41.11.

In other BankUnited news, insider Mark Bagnoli sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total transaction of $35,880.00. Following the transaction, the insider now owns 19,699 shares in the company, valued at approximately $706,800.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 5.10% of the company’s stock.

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About BankUnited

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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