BankUnited, Inc. (NYSE:BKU) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in shares of BankUnited, Inc. (NYSE:BKU) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,980 shares of the financial services provider’s stock after selling 1,692 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of BankUnited worth $2,295,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Aigen Investment Management LP purchased a new stake in BankUnited during the 3rd quarter worth $257,000. GSA Capital Partners LLP bought a new stake in BankUnited in the 3rd quarter valued at about $257,000. Versor Investments LP bought a new stake in BankUnited in the 3rd quarter valued at about $302,000. Wolverine Asset Management LLC raised its position in shares of BankUnited by 25.8% during the 3rd quarter. Wolverine Asset Management LLC now owns 11,061 shares of the financial services provider’s stock worth $403,000 after buying an additional 2,267 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its position in shares of BankUnited by 37.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 868,806 shares of the financial services provider’s stock worth $31,659,000 after buying an additional 236,174 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Insider Activity at BankUnited

In other news, 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 completion of the transaction, the insider now owns 34,687 shares of the company’s stock, valued at approximately $1,428,410.66. The trade was a 6.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Thomas M. Cornish sold 10,778 shares of the business’s stock in a transaction 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 transaction, the chief operating officer now directly owns 100,000 shares of the company’s stock, valued at $3,911,000. This trade represents a 9.73 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by corporate insiders.

BankUnited Stock Down 0.7 %

Shares of BankUnited stock opened at $42.36 on Thursday. The business’s 50 day simple moving average is $37.37 and its 200 day simple moving average is $34.34. BankUnited, Inc. has a 52-week low of $24.34 and a 52-week high of $44.45. The firm has a market cap of $3.17 billion, a PE ratio of 17.36 and a beta of 1.33. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.88 and a current ratio of 0.88.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.07. The firm had revenue of $515.24 million for the quarter, compared to analyst estimates of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same quarter in the previous year, the firm earned $0.63 EPS. On average, analysts predict that BankUnited, Inc. will post 2.89 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were paid a $0.29 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.16 annualized dividend and a yield of 2.74%. BankUnited’s dividend payout ratio (DPR) is presently 47.54%.

Analyst Ratings Changes

BKU has been the topic of several analyst reports. Citigroup dropped their target price on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Wells Fargo & Company raised shares of BankUnited from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $38.00 to $48.00 in a research report on Wednesday, November 13th. Barclays boosted their price objective on shares of BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. The Goldman Sachs Group increased their price target on shares of BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $37.00 price target on shares of BankUnited in a report on Wednesday, October 23rd. 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $38.70.

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.