BankUnited, Inc. (NYSE:BKU) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in BankUnited, Inc. (NYSE:BKU) by 32.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 199,345 shares of the financial services provider’s stock after selling 95,274 shares during the quarter. Victory Capital Management Inc. owned 0.27% of BankUnited worth $7,264,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in BankUnited by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider’s stock worth $265,542,000 after purchasing an additional 280,993 shares during the period. Dimensional Fund Advisors LP grew its holdings in BankUnited by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,583,059 shares of the financial services provider’s stock worth $134,144,000 after acquiring an additional 315,872 shares during the period. Millennium Management LLC raised its position in BankUnited by 49.2% during the second quarter. Millennium Management LLC now owns 2,247,271 shares of the financial services provider’s stock valued at $65,778,000 after acquiring an additional 740,896 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in BankUnited by 37.3% in the third quarter. Assenagon Asset Management S.A. now owns 868,806 shares of the financial services provider’s stock valued at $31,659,000 after acquiring an additional 236,174 shares during the period. Finally, Bank of Montreal Can boosted its position in BankUnited by 3,901.0% in the 2nd quarter. Bank of Montreal Can now owns 574,068 shares of the financial services provider’s stock worth $16,803,000 after purchasing an additional 559,720 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

BankUnited Stock Performance

NYSE:BKU opened at $41.80 on Friday. The company has a market capitalization of $3.12 billion, a P/E ratio of 17.13 and a beta of 1.33. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. BankUnited, Inc. has a twelve month low of $24.34 and a twelve month high of $42.22. The firm has a 50-day moving average price of $36.99 and a two-hundred day moving average price of $33.97.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. The company had revenue of $515.24 million during the quarter, compared to analysts’ expectations of $258.65 million. During the same period in the previous year, the company earned $0.63 EPS. As a group, research analysts expect that BankUnited, Inc. will post 2.89 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were issued a $0.29 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.16 annualized dividend and a yield of 2.78%. BankUnited’s payout ratio is 47.54%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Citigroup cut their target price on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, September 11th. Wedbush upped their price target on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $37.00 target price on shares of BankUnited in a research note on Wednesday, October 23rd. Barclays lifted their price target on BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Finally, Wells Fargo & Company upgraded BankUnited from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $38.00 to $48.00 in a report on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, BankUnited presently has a consensus rating of “Hold” and a consensus price target of $37.40.

Insiders Place Their Bets

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.11, for a total value of $421,527.58. Following the completion of the transaction, the chief operating officer now owns 100,000 shares in the company, valued at $3,911,000. This represents a 9.73 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jay D. Richards sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total transaction of $102,950.00. Following the transaction, the insider now directly owns 34,687 shares in the company, valued at approximately $1,428,410.66. The trade was a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.

BankUnited 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.