BankUnited, Inc. (NYSE:BKU) Shares Sold by Choreo LLC

Choreo LLC reduced its stake in shares of BankUnited, Inc. (NYSE:BKU) by 17.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,936 shares of the financial services provider’s stock after selling 3,230 shares during the quarter. Choreo LLC’s holdings in BankUnited were worth $572,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its position in shares of BankUnited by 182.3% during the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 547 shares during the last quarter. R Squared Ltd bought a new stake in BankUnited in the 4th quarter valued at about $113,000. CWM LLC boosted its stake in BankUnited by 118.3% during the 3rd quarter. CWM LLC now owns 4,208 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 2,280 shares during the period. KBC Group NV grew its position in BankUnited by 87.8% in the 4th quarter. KBC Group NV now owns 4,028 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 1,883 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of BankUnited in the third quarter valued at approximately $181,000. 99.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Royal Bank of Canada boosted their price objective on BankUnited from $42.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods boosted their price target on BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Barclays lowered their price target on BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Wells Fargo & Company upped their price objective on shares of BankUnited from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, The Goldman Sachs Group increased their target price on shares of BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $43.40.

Insider Transactions 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 sale, the insider now directly owns 34,687 shares of the company’s stock, valued at $1,428,410.66. The trade was a 6.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.19% of the company’s stock.

BankUnited Price Performance

Shares of BankUnited stock opened at $41.17 on Wednesday. BankUnited, Inc. has a 52 week low of $24.34 and a 52 week high of $44.45. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. The stock has a market cap of $3.08 billion, a PE ratio of 13.37 and a beta of 1.37. The company’s 50-day moving average price is $39.68 and its two-hundred day moving average price is $38.12.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same period in the prior year, the company posted $0.26 EPS. As a group, sell-side analysts anticipate that BankUnited, Inc. will post 3.01 EPS for the current fiscal year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.82%. BankUnited’s dividend payout ratio (DPR) is presently 37.66%.

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.