The Vanguard Group, Inc. recently announced the acquisition of new stake in BankUnited Inc. (NYSE:BKU). The institutional investor has increased its shareholding in the Financial company by 2.13% to 8.97 million shares with purchase of 0.19 million shares. This fresh investment now brings its stake to 9.70% valued currently at $165.69 million. In addition, T. Rowe Price Associates, Inc. (I… raised its holdings by 1.12 million to 8.48 million shares. And BlackRock Fund Advisors has lifted its position by 1.45% or 65813.0 shares – to 4.6 million shares.
With over 1.15 million BankUnited Inc. (BKU) shares trading Monday and a closing price of $17.84 on the day, the dollar volume was approximately $20.55 million. The shares have shown a negative weekly performance of -5.91% and its price on 07/13/20 gained nearly 0.51%. Currently, there are 92.84M common shares owned by the public and among those 91.66M shares have been available to trade.
Incidentally, analysts’ outlook for the BankUnited Inc. stock is 2.50 for the next 12 months.
Insiders at the company have transacted a total of 36 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 22 of these insider trades were purchases, accounting for 416,380 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 264,922 shares.
The top 3 mutual fund holders in BankUnited Inc. are T Rowe Price Small Cap Value Fund, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. T Rowe Price Small Cap Value Fund owns 2.78 million shares of the company’s stock, all valued at over $51.44 million. The company bought an additional 0.16 million shares recently to bring their total holdings to about 3.01% of the shares outstanding. Vanguard Total Stock Market Index sold 5776.0 shares to see its total holdings shrink to 2.72 million shares valued at over $50.25 million and representing 2.94% of the shares outstanding. Vanguard Small Cap Index Fund sold 15141.0 shares to bring its total holdings to over 2.46 million shares at a value of $45.38 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.66% of the shares outstanding.
Shares of BankUnited Inc. (NYSE: BKU) opened at $18.10, up $0.35 from a prior closing price of $17.75. However, the script later closed the day at $17.84, up 0.51%. The company’s stock has a 5-day price change of -5.91% and -8.51% over the past three months. BKU shares are trading -51.20% year to date (YTD), with the 12-month market performance down to -45.43% lower. It has a 12-month low price of $13.47 and touched a high of $37.60 over the same period. Currently, 1.15 million shares have been traded, compared to an average intraday trading volume of 1.29 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -8.51%, -4.42%, and -35.41% respectively.
Institutional ownership of BankUnited Inc. (NYSE: BKU) shares accounts for 100.00% of the company’s 92.84M shares outstanding. Mutual fund holders own 43.78%, while other institutional holders and individual stakeholders account for 53.58% and 32.53% respectively.
It has a market capitalization of $1.53B and a beta (3y monthly) value of 1.27. The stock’s trailing 12-month PE ratio is 8.27, while the earnings-per-share (ttm) stands at $2.16. The company has a PEG of 0.86 and the debt-to-equity ratio at 0.17. Price movements for the stock have been influenced by the stock’s volatility, which stands at 6.79% over the week and 6.49% over the month.
Analysts forecast that BankUnited Inc. (BKU) will achieve an EPS of $0.22 for the current quarter, $0.49 for the next quarter and $2.27 for 2021. The lowest estimate earnings-per-share for the quarter is -$0.08 while analysts give the company a high EPS estimate of $0.46. Comparatively, EPS for the current quarter was $0.81 a year ago. Earnings per share for the fiscal year are expected to increase by 4.60%, and 152.34% over the next financial year. EPS should shrink at an annualized rate of 9.64% over the next five years, compared to 9.90% over the past 5-year period.
Looking at the support for the BKU, a number of firms have released research notes about the stock. UBS stated their Buy rating for the stock in a research note on June 29, 2020, with the firm’s price target at $16-$22. BofA/Merrill coverage for the BankUnited Inc. (BKU) stock in a research note released on June 08, 2020 offered a Buy rating with a price target of. Compass Point was of a view on April 14, 2020 that the stock is Neutral, while RBC Capital Mkts gave the stock Outperform rating on December 10, 2019, issuing a price target of. JP Morgan on their part issued Neutral rating on October 24, 2019.