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

Inspire Investing LLC lowered its stake in BankUnited, Inc. (NYSE:BKU) by 4.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,085 shares of the financial services provider’s stock after selling 547 shares during the quarter. Inspire Investing LLC’s holdings in BankUnited were worth $354,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of BKU. Vanguard Group Inc. lifted its position in BankUnited by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 9,202,637 shares of the financial services provider’s stock valued at $298,442,000 after buying an additional 332,567 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of BankUnited by 3,658.4% during the second 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of BankUnited by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,583,059 shares of the financial services provider’s stock worth $134,144,000 after purchasing an additional 315,872 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of BankUnited by 171.8% during the second quarter. Victory Capital Management Inc. now owns 294,619 shares of the financial services provider’s stock worth $8,623,000 after purchasing an additional 186,225 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position 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 worth $30,330,000 after purchasing an additional 136,291 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Insider Buying and Selling at BankUnited

In other news, Director Douglas J. Pauls sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $36.50, for a total transaction of $127,750.00. Following the transaction, the director now directly owns 43,654 shares in the company, valued at $1,593,371. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Douglas J. Pauls sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $36.50, for a total transaction of $127,750.00. Following the transaction, the director now directly owns 43,654 shares in the company, valued at $1,593,371. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jay D. Richards sold 10,143 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $36.61, for a total transaction of $371,335.23. Following the transaction, the insider now owns 37,187 shares in the company, valued at $1,361,416.07. The disclosure for this sale can be found here. Insiders have sold 21,507 shares of company stock worth $802,400 over the last three months. Insiders own 1.19% of the company’s stock.

BankUnited Stock Performance

Shares of BankUnited stock opened at $36.67 on Friday. The firm has a market capitalization of $2.74 billion, a P/E ratio of 15.81 and a beta of 1.33. BankUnited, Inc. has a 52 week low of $20.84 and a 52 week high of $39.51. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The firm’s 50 day moving average is $36.53 and its two-hundred day moving average is $30.94.

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

BankUnited Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 31st. Shareholders 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 yield of 3.16%. BankUnited’s dividend payout ratio is currently 50.00%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Wedbush increased their price target 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. Wells Fargo & Company increased their price target on shares of BankUnited from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, July 22nd. Barclays increased their price target on shares of BankUnited from $30.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, July 22nd. Royal Bank of Canada raised their target price on shares of BankUnited from $29.00 to $31.00 and gave the company a “sector perform” rating in a report on Tuesday, July 9th. Finally, Citigroup reduced their target price on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.00.

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.