BankUnited (BKU) Shares Bought by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. boosted its stake in BankUnited (NYSE:BKU) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 127,062 shares of the financial services provider’s stock after acquiring an additional 4,255 shares during the period. Levin Capital Strategies L.P.’s holdings in BankUnited were worth $3,804,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. LSV Asset Management boosted its holdings in BankUnited by 4.6% in the 4th quarter. LSV Asset Management now owns 2,116,600 shares of the financial services provider’s stock worth $63,371,000 after buying an additional 93,400 shares during the period. Pinnacle Associates Ltd. lifted its stake in BankUnited by 33.6% in the 4th quarter. Pinnacle Associates Ltd. now owns 8,750 shares of the financial services provider’s stock worth $262,000 after purchasing an additional 2,200 shares in the last quarter. Empire Life Investments Inc. lifted its stake in BankUnited by 59.1% in the 4th quarter. Empire Life Investments Inc. now owns 60,608 shares of the financial services provider’s stock worth $1,815,000 after purchasing an additional 22,507 shares in the last quarter. Southside Capital LLC purchased a new stake in BankUnited in the 4th quarter worth $4,046,000. Finally, Algert Global LLC purchased a new stake in BankUnited in the 4th quarter worth $201,000. 96.75% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE BKU opened at $35.34 on Monday. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a market cap of $3.63 billion, a PE ratio of 14.97, a price-to-earnings-growth ratio of 1.43 and a beta of 1.10. BankUnited has a 12-month low of $28.05 and a 12-month high of $44.97.

BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, January 23rd. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $328.38 million for the quarter, compared to analysts’ expectations of $314.33 million. BankUnited had a net margin of 20.31% and a return on equity of 10.71%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.62 earnings per share. As a group, sell-side analysts expect that BankUnited will post 2.79 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Monday, January 14th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 2.38%. The ex-dividend date was Friday, January 11th. BankUnited’s dividend payout ratio is 35.59%.

Several analysts have commented on the stock. Zacks Investment Research upgraded shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. ValuEngine upgraded shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. TheStreet cut shares of BankUnited from a “b-” rating to a “c+” rating in a research note on Friday, December 21st. Morgan Stanley decreased their price target on shares of BankUnited from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, December 11th. Finally, BMO Capital Markets decreased their price target on shares of BankUnited from $45.00 to $40.00 and set an “outperform” rating on the stock in a research note on Monday, November 5th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. BankUnited presently has an average rating of “Hold” and an average price target of $40.70.

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About BankUnited

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, and savings accounts, as well as certificates of deposit; and treasury management services.

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Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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