BankUnited (NYSE:BKU) Short Interest Down 10.5% in July

BankUnited (NYSE:BKU) saw a significant decline in short interest during the month of July. As of July 31st, there was short interest totalling 2,203,800 shares, a decline of 10.5% from the June 30th total of 2,462,500 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average daily trading volume, of 695,000 shares, the short-interest ratio is presently 3.2 days.

Several research firms recently issued reports on BKU. ValuEngine downgraded BankUnited from a “hold” rating to a “sell” rating in a report on Wednesday, June 19th. Zacks Investment Research upgraded BankUnited from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a report on Friday, May 24th. Barclays downgraded BankUnited from an “overweight” rating to an “underweight” rating and upped their price target for the stock from $35.75 to $37.00 in a report on Friday, April 26th. Finally, Sandler O’Neill downgraded BankUnited from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. BankUnited has a consensus rating of “Hold” and an average target price of $37.63.

In other BankUnited news, insider Jay D. Richards sold 1,782 shares of the business’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $34.45, for a total transaction of $61,389.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.70% of the company’s stock.

A number of large investors have recently made changes to their positions in BKU. Dimensional Fund Advisors LP boosted its holdings in shares of BankUnited by 32.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,403,471 shares of the financial services provider’s stock worth $71,961,000 after purchasing an additional 583,302 shares during the last quarter. Cramer Rosenthal Mcglynn LLC raised its position in BankUnited by 23.5% in the second quarter. Cramer Rosenthal Mcglynn LLC now owns 2,389,195 shares of the financial services provider’s stock valued at $80,611,000 after purchasing an additional 453,993 shares during the period. LSV Asset Management raised its position in BankUnited by 0.5% in the second quarter. LSV Asset Management now owns 2,119,200 shares of the financial services provider’s stock valued at $71,501,000 after purchasing an additional 10,700 shares during the period. Boston Partners raised its position in BankUnited by 6.0% in the first quarter. Boston Partners now owns 1,413,663 shares of the financial services provider’s stock valued at $47,216,000 after purchasing an additional 80,269 shares during the period. Finally, Neuberger Berman Group LLC increased its position in shares of BankUnited by 1.1% during the first quarter. Neuberger Berman Group LLC now owns 1,407,467 shares of the financial services provider’s stock worth $47,015,000 after acquiring an additional 15,260 shares during the last quarter. Hedge funds and other institutional investors own 94.98% of the company’s stock.

NYSE BKU traded down $0.58 during mid-day trading on Wednesday, hitting $31.18. The stock had a trading volume of 3,544 shares, compared to its average volume of 766,036. BankUnited has a 52-week low of $28.05 and a 52-week high of $41.13. The firm has a market cap of $3.07 billion, a P/E ratio of 13.24, a price-to-earnings-growth ratio of 1.27 and a beta of 1.11. The stock has a 50 day moving average price of $33.00. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.86.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.13. BankUnited had a return on equity of 10.21% and a net margin of 18.74%. The firm had revenue of $226.22 million during the quarter, compared to the consensus estimate of $224.42 million. During the same period last year, the business posted $0.82 EPS. Sell-side analysts expect that BankUnited will post 2.88 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Thursday, July 11th. BankUnited’s dividend payout ratio (DPR) is presently 35.59%.

BankUnited Company Profile

BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, savings accounts, and certificates of deposit; and treasury management services.

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