Natixis Advisors LLC Sells 1,249 Shares of BankUnited, Inc. (NYSE:BKU)

Natixis Advisors LLC cut its position in BankUnited, Inc. (NYSE:BKU) by 2.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,712 shares of the financial services provider’s stock after selling 1,249 shares during the quarter. Natixis Advisors LLC owned about 0.06% of BankUnited worth $1,707,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vestcor Inc raised its stake in BankUnited by 127.7% in the 4th quarter. Vestcor Inc now owns 17,416 shares of the financial services provider’s stock valued at $665,000 after acquiring an additional 9,766 shares during the period. Swiss National Bank raised its position in shares of BankUnited by 0.8% in the fourth quarter. Swiss National Bank now owns 147,100 shares of the financial services provider’s stock valued at $5,615,000 after purchasing an additional 1,100 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of BankUnited during the 4th quarter valued at approximately $3,668,000. AlphaQuest LLC boosted its holdings in BankUnited by 261.6% in the 4th quarter. AlphaQuest LLC now owns 81,853 shares of the financial services provider’s stock worth $3,124,000 after buying an additional 59,215 shares during the period. Finally, Amundi boosted its holdings in BankUnited by 186.9% in the 4th quarter. Amundi now owns 37,752 shares of the financial services provider’s stock worth $1,456,000 after buying an additional 24,592 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Insider Activity

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

BankUnited Stock Up 3.2 %

Shares of NYSE:BKU opened at $35.78 on Tuesday. The firm has a market capitalization of $2.67 billion, a PE ratio of 11.62 and a beta of 1.40. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. BankUnited, Inc. has a 52-week low of $24.34 and a 52-week high of $44.45. The firm has a fifty day moving average of $38.03 and a 200 day moving average of $38.05.

BankUnited (NYSE:BKU) last announced its quarterly earnings data 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 quarter last year, the firm posted $0.26 EPS. As a group, research analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a $0.29 dividend. 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 3.24%. BankUnited’s payout ratio is 37.66%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on BKU. Compass Point increased their target price on BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Piper Sandler upgraded BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 target price for the company in a research note on Tuesday, March 11th. StockNews.com cut BankUnited from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. The Goldman Sachs Group raised their price objective 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. Finally, Keefe, Bruyette & Woods upped their target price on shares of BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $43.18.

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.