Proficio Capital Partners LLC Takes Position in BankUnited, Inc. (NYSE:BKU)

Proficio Capital Partners LLC purchased a new position in shares of BankUnited, Inc. (NYSE:BKU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 20,074 shares of the financial services provider’s stock, valued at approximately $766,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Blue Trust Inc. grew its holdings in BankUnited by 182.3% during the 4th 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. Smartleaf Asset Management LLC lifted its position in shares of BankUnited by 270.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 1,407 shares in the last quarter. R Squared Ltd bought a new stake in shares of BankUnited during the fourth quarter valued at approximately $113,000. KBC Group NV increased its holdings in shares of BankUnited by 87.8% in the fourth quarter. KBC Group NV now owns 4,028 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 1,883 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in BankUnited by 9.2% in the 4th quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 426 shares during the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on BKU shares. Barclays lowered their price objective on BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Royal Bank of Canada increased their price objective on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a report on Thursday, January 23rd. The Goldman Sachs Group lifted their target price on shares of BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. Piper Sandler upgraded BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price target on the stock in a research report on Tuesday, March 11th. Finally, Compass Point lifted their price objective on BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $43.18.

BankUnited Price Performance

NYSE:BKU opened at $34.59 on Friday. The company has a market cap of $2.59 billion, a P/E ratio of 11.23 and a beta of 1.40. The firm’s fifty day moving average price is $38.06 and its two-hundred day moving average price is $38.05. BankUnited, Inc. has a one year low of $24.34 and a one year high of $44.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same period in the prior year, the business earned $0.26 EPS. Equities analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend was Friday, January 10th. BankUnited’s dividend payout ratio is 37.66%.

Insiders Place Their Bets

In other news, Director Sanjiv Sobti acquired 1,000 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $32.83 per share, with a total value of $32,830.00. Following the completion of the transaction, the director now directly owns 21,782 shares of the company’s stock, valued at $715,103.06. This trade represents a 4.81 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin A. Malcolm sold 3,234 shares of the stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total transaction of $113,772.12. Following the sale, the insider now owns 12,250 shares in the company, valued at $430,955. The trade was a 20.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.

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.