BankUnited (BKU) Short Interest Update

BankUnited (NYSE:BKU) was the target of a significant decline in short interest in December. As of December 15th, there was short interest totalling 792,978 shares, a decline of 34.9% from the November 30th total of 1,218,293 shares. Based on an average daily volume of 1,122,794 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.8% of the shares of the company are short sold.

In related news, insider Mark Bagnoli sold 1,000 shares of BankUnited stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total transaction of $35,880.00. Following the sale, the insider now directly owns 19,699 shares in the company, valued at $706,800.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 5.10% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in BKU. Northern Trust Corp increased its stake in BankUnited by 1.5% in the 2nd quarter. Northern Trust Corp now owns 481,813 shares of the financial services provider’s stock worth $16,243,000 after purchasing an additional 7,337 shares in the last quarter. Vanguard Group Inc. increased its stake in BankUnited by 3.6% in the 2nd quarter. Vanguard Group Inc. now owns 8,768,948 shares of the financial services provider’s stock worth $295,602,000 after purchasing an additional 300,744 shares in the last quarter. Cipher Capital LP increased its stake in BankUnited by 19.1% in the 3rd quarter. Cipher Capital LP now owns 116,677 shares of the financial services provider’s stock worth $4,150,000 after purchasing an additional 18,673 shares in the last quarter. Victory Capital Management Inc. increased its stake in BankUnited by 2.4% in the 3rd quarter. Victory Capital Management Inc. now owns 1,618,948 shares of the financial services provider’s stock worth $57,586,000 after purchasing an additional 37,892 shares in the last quarter. Finally, LaSalle Street Capital Management LLC increased its stake in BankUnited by 66.1% in the 3rd quarter. LaSalle Street Capital Management LLC now owns 10,890 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 4,333 shares in the last quarter. 95.26% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. Barclays lifted their price objective on shares of BankUnited from $43.00 to $46.00 and gave the company an “overweight” rating in a research note on Tuesday, January 2nd. Deutsche Bank lowered their target price on BankUnited from $42.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, November 8th. BMO Capital Markets raised BankUnited from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $41.00 target price on shares of BankUnited in a report on Thursday, September 28th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. BankUnited currently has an average rating of “Hold” and an average price target of $41.56.

BankUnited (BKU) opened at $40.66 on Monday. The stock has a market capitalization of $4,343.30, a PE ratio of 17.08, a P/E/G ratio of 1.72 and a beta of 1.09. BankUnited has a fifty-two week low of $30.37 and a fifty-two week high of $41.64. 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 released its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.03. The firm had revenue of $294.59 million for the quarter, compared to analyst estimates of $273.51 million. BankUnited had a return on equity of 10.23% and a net margin of 19.82%. During the same period in the previous year, the company earned $0.47 earnings per share. analysts anticipate that BankUnited will post 2.37 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Thursday, January 11th. BankUnited’s payout ratio is currently 35.29%.

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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.

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