Mid Atlantic Financial Management Inc. ADV cut its holdings in BankUnited (NYSE:BKU) by 12.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 7,946 shares of the financial services provider’s stock after selling 1,091 shares during the quarter. Mid Atlantic Financial Management Inc. ADV’s holdings in BankUnited were worth $265,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BKU. Raymond James & Associates grew its holdings in shares of BankUnited by 34.5% during the 1st quarter. Raymond James & Associates now owns 12,197 shares of the financial services provider’s stock worth $407,000 after purchasing an additional 3,128 shares in the last quarter. Bbva Compass Bancshares Inc. grew its holdings in shares of BankUnited by 12.1% during the 1st quarter. Bbva Compass Bancshares Inc. now owns 16,347 shares of the financial services provider’s stock worth $546,000 after purchasing an additional 1,770 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of BankUnited by 1.3% during the 1st quarter. California Public Employees Retirement System now owns 264,170 shares of the financial services provider’s stock worth $8,823,000 after purchasing an additional 3,506 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of BankUnited by 13.5% during the 1st quarter. Victory Capital Management Inc. now owns 1,348,016 shares of the financial services provider’s stock worth $45,024,000 after purchasing an additional 160,789 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of BankUnited by 6.0% during the 1st quarter. Boston Partners now owns 1,413,663 shares of the financial services provider’s stock worth $47,216,000 after purchasing an additional 80,269 shares in the last quarter. Institutional investors and hedge funds own 98.10% of the company’s stock.

Shares of BKU stock opened at $33.50 on Friday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.72. BankUnited has a twelve month low of $28.05 and a twelve month high of $44.97. The firm has a market cap of $3.39 billion, a P/E ratio of 14.19, a price-to-earnings-growth ratio of 1.38 and a beta of 1.11.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.01. BankUnited had a return on equity of 10.30% and a net margin of 19.06%. The business had revenue of $227.16 million during the quarter, compared to the consensus estimate of $219.03 million. During the same period in the prior year, the company earned $0.77 EPS. On average, research analysts expect that BankUnited will post 2.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 12th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, April 11th. This represents a $0.84 annualized dividend and a dividend yield of 2.51%. BankUnited’s dividend payout ratio is currently 35.59%.

Several analysts have recently issued reports on the company. Stephens lowered BankUnited from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th. Sandler O’Neill lowered BankUnited from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. ValuEngine raised BankUnited from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Barclays lowered BankUnited from an “overweight” rating to an “underweight” rating and increased their target price for the stock from $35.75 to $37.00 in a report on Friday, April 26th. Finally, Zacks Investment Research lowered BankUnited from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $38.75.

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

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Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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