Sei Investments Co. Sells 99,847 Shares of BankUnited, Inc. (NYSE:BKU)

Sei Investments Co. trimmed its position in BankUnited, Inc. (NYSE:BKU) by 32.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 206,543 shares of the financial services provider’s stock after selling 99,847 shares during the period. Sei Investments Co. owned 0.28% of BankUnited worth $7,884,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in BKU. GAMMA Investing LLC grew its position in BankUnited by 9.2% during the fourth quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider’s stock worth $193,000 after buying an additional 426 shares in the last quarter. Blue Trust Inc. boosted its position in shares of BankUnited by 182.3% during the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 547 shares during the last quarter. Atria Investments Inc grew its holdings in shares of BankUnited by 7.2% during the fourth quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider’s stock worth $314,000 after purchasing an additional 555 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of BankUnited by 6.7% in the fourth quarter. Handelsbanken Fonder AB now owns 14,332 shares of the financial services provider’s stock worth $547,000 after purchasing an additional 900 shares during the last quarter. Finally, Swiss National Bank raised its stake in 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 in the last quarter. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

BankUnited Stock Performance

Shares of BKU stock opened at $34.15 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. The stock has a fifty day moving average of $37.69 and a 200 day moving average of $38.03. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of 11.09 and a beta of 1.40. BankUnited, Inc. has a 52 week low of $24.34 and a 52 week high of $44.45.

BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating 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 quarter last year, the business posted $0.26 EPS. As a group, research analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.24 annualized dividend and a dividend yield of 3.63%. This is a positive change from BankUnited’s previous quarterly dividend of $0.29. BankUnited’s dividend payout ratio is currently 37.66%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on BKU shares. StockNews.com lowered shares of BankUnited from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Keefe, Bruyette & Woods increased their target price on BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Compass Point lifted their price target on BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Wells Fargo & Company increased their price objective on BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, Barclays dropped their target price 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $43.45.

Insider Activity

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

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.