Vanguard Group Inc. Increases Position in BankUnited, Inc. (NYSE:BKU)

Vanguard Group Inc. increased its position in shares of BankUnited, Inc. (NYSE:BKU) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,202,637 shares of the financial services provider’s stock after purchasing an additional 332,567 shares during the period. Vanguard Group Inc. owned approximately 12.37% of BankUnited worth $298,442,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in BankUnited by 106.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 3,879 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 2,000 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of BankUnited in the 4th quarter valued at $147,000. PNC Financial Services Group Inc. grew its stake in shares of BankUnited by 16.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 10,173 shares of the financial services provider’s stock valued at $231,000 after buying an additional 1,434 shares during the period. Neo Ivy Capital Management purchased a new stake in shares of BankUnited during the 4th quarter valued at $238,000. Finally, TFO Wealth Partners LLC grew its stake in shares of BankUnited by 214,050.0% during the 4th quarter. TFO Wealth Partners LLC now owns 8,566 shares of the financial services provider’s stock valued at $278,000 after buying an additional 8,562 shares during the period. 99.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director John N. Digiacomo sold 1,500 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $29.28, for a total value of $43,920.00. Following the sale, the director now owns 13,482 shares in the company, valued at approximately $394,752.96. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.19% of the company’s stock.

BankUnited Stock Performance

Shares of BKU stock opened at $29.27 on Friday. BankUnited, Inc. has a 12 month low of $20.84 and a 12 month high of $34.22. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $2.19 billion, a P/E ratio of 12.62 and a beta of 1.33. The company’s fifty day moving average price is $28.31 and its two-hundred day moving average price is $28.35.

BankUnited (NYSE:BKU) last issued its quarterly earnings data 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. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. The firm had revenue of $508.35 million for the quarter, compared to analyst estimates of $239.84 million. During the same quarter in the previous year, the business posted $0.70 EPS. On average, research analysts anticipate that BankUnited, Inc. will post 2.78 earnings per share for the current fiscal year.

BankUnited Announces Dividend

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

Analysts Set New Price Targets

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

About BankUnited

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.