BankUnited, Inc. (NYSE:BKU) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in BankUnited, Inc. (NYSE:BKU) by 7.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,583,059 shares of the financial services provider’s stock after purchasing an additional 315,872 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.13% of BankUnited worth $134,144,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of BankUnited by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider’s stock valued at $265,542,000 after buying an additional 280,993 shares during the last quarter. Jennison Associates LLC grew its holdings in shares of BankUnited by 6.4% during the first quarter. Jennison Associates LLC now owns 1,552,387 shares of the financial services provider’s stock valued at $43,467,000 after purchasing an additional 93,119 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of BankUnited by 17.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 935,237 shares of the financial services provider’s stock valued at $30,330,000 after purchasing an additional 136,291 shares during the last quarter. Assenagon Asset Management S.A. raised its position in shares of BankUnited by 8.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 632,632 shares of the financial services provider’s stock worth $18,517,000 after purchasing an additional 48,059 shares during the period. Finally, Federated Hermes Inc. lifted its holdings in shares of BankUnited by 3,658.4% in the 2nd quarter. Federated Hermes Inc. now owns 325,812 shares of the financial services provider’s stock worth $9,537,000 after purchasing an additional 317,143 shares during the last quarter. Institutional investors own 99.70% of the company’s stock.

Insider Buying and Selling

In other BankUnited news, Director William S. Rubenstein sold 7,864 shares of BankUnited stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total value of $303,314.48. Following the transaction, the director now owns 10,282 shares in the company, valued at $396,576.74. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director William S. Rubenstein sold 7,864 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $38.57, for a total value of $303,314.48. Following the completion of the transaction, the director now owns 10,282 shares in the company, valued at approximately $396,576.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas J. Pauls sold 3,500 shares of BankUnited stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $36.50, for a total value of $127,750.00. Following the completion of the transaction, the director now directly owns 43,654 shares in the company, valued at approximately $1,593,371. The disclosure for this sale can be found here. Insiders have sold 21,507 shares of company stock worth $802,400 in the last ninety days. 1.19% of the stock is currently owned by corporate insiders.

BankUnited Stock Performance

Shares of NYSE BKU opened at $36.67 on Friday. BankUnited, Inc. has a 1 year low of $20.84 and a 1 year high of $39.51. The firm has a market cap of $2.74 billion, a P/E ratio of 15.81 and a beta of 1.33. The stock has a fifty day moving average price of $36.53 and a two-hundred day moving average price of $30.94. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.87 and a current ratio of 0.87.

BankUnited (NYSE:BKU) last announced its earnings results on Thursday, July 18th. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.07. BankUnited had a return on equity of 7.76% and a net margin of 8.41%. The business had revenue of $250.20 million during the quarter, compared to analysts’ expectations of $243.65 million. During the same quarter last year, the business posted $0.78 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. Research analysts forecast that BankUnited, Inc. will post 2.88 EPS for the current fiscal year.

BankUnited Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th were paid a $0.29 dividend. The ex-dividend date was Friday, July 12th. This represents a $1.16 annualized dividend and a dividend yield of 3.16%. BankUnited’s dividend payout ratio is currently 50.00%.

Analysts Set New Price Targets

Several brokerages have weighed in on BKU. Royal Bank of Canada increased their target price on BankUnited from $29.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 9th. Wells Fargo & Company lifted their price objective on shares of BankUnited from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, July 22nd. Wedbush upped their target price on shares of BankUnited from $30.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, July 19th. Barclays lifted their price target on BankUnited from $30.00 to $35.00 and gave the company an “equal weight” rating in a report on Monday, July 22nd. Finally, Hovde Group increased their price objective on BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, BankUnited has an average rating of “Hold” and a consensus price target of $35.00.

About BankUnited

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.