PNC Financial Services Group Inc. Lowers Position in BankUnited, Inc. (NYSE:BKU)

PNC Financial Services Group Inc. trimmed its position in BankUnited, Inc. (NYSE:BKU) by 15.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,596 shares of the financial services provider’s stock after selling 1,577 shares during the period. PNC Financial Services Group Inc.’s holdings in BankUnited were worth $279,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in BKU. Nisa Investment Advisors LLC grew its position in shares of BankUnited by 106.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,879 shares of the financial services provider’s stock worth $126,000 after buying an additional 2,000 shares during the period. GAMMA Investing LLC bought a new stake in BankUnited in the fourth quarter worth $147,000. Neo Ivy Capital Management purchased a new stake in shares of BankUnited in the fourth quarter worth $238,000. TFO Wealth Partners LLC increased its holdings in shares of BankUnited by 214,050.0% during the fourth quarter. TFO Wealth Partners LLC now owns 8,566 shares of the financial services provider’s stock valued at $278,000 after acquiring an additional 8,562 shares in the last quarter. Finally, Wolverine Asset Management LLC raised its position in shares of BankUnited by 11,419.0% in the 4th quarter. Wolverine Asset Management LLC now owns 11,519 shares of the financial services provider’s stock worth $374,000 after purchasing an additional 11,419 shares during the last quarter. Institutional investors own 99.70% of the company’s stock.

Insiders Place Their Bets

In other news, Director John N. Digiacomo sold 1,500 shares of BankUnited stock in a transaction dated Tuesday, May 21st. The stock was sold at an average price of $29.28, for a total value of $43,920.00. Following the sale, the director now directly owns 13,482 shares of the company’s stock, valued at $394,752.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.19% of the company’s stock.

BankUnited Stock Up 2.5 %

NYSE BKU opened at $29.27 on Monday. BankUnited, Inc. has a 52 week low of $20.84 and a 52 week high of $34.22. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.48. The company has a market capitalization of $2.19 billion, a P/E ratio of 12.62 and a beta of 1.33. The stock’s 50-day moving average price is $28.31 and its 200-day moving average price is $28.33.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, April 17th. The financial services provider reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $508.35 million for the quarter, compared to analysts’ expectations of $239.84 million. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. During the same quarter last year, the business earned $0.70 EPS. On average, equities research analysts predict that BankUnited, Inc. will post 2.78 earnings per share for the current year.

BankUnited Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th will be issued a $0.29 dividend. The ex-dividend date is Friday, July 12th. This represents a $1.16 dividend on an annualized basis and a yield of 3.96%. BankUnited’s dividend payout ratio is currently 50.00%.

Analysts Set New Price Targets

Several brokerages recently commented on BKU. JPMorgan Chase & Co. increased their price objective on shares of BankUnited from $33.00 to $34.50 and gave the company a “neutral” rating in a research report on Thursday. Barclays lifted their price objective on BankUnited from $29.00 to $30.00 and gave the stock an “equal weight” rating in a report on Monday, June 24th. Royal Bank of Canada reduced their price objective on BankUnited from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 9th. StockNews.com raised BankUnited from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of BankUnited from $33.00 to $31.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $30.75.

BankUnited Company Profile

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.