BankUnited, Inc. (NYSE:BKU) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System reduced its holdings in BankUnited, Inc. (NYSE:BKU) by 22.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,219 shares of the financial services provider’s stock after selling 7,764 shares during the quarter. New York State Teachers Retirement System’s holdings in BankUnited were worth $955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. WINTON GROUP Ltd raised its stake in shares of BankUnited by 0.9% in the 2nd quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider’s stock valued at $1,012,000 after acquiring an additional 303 shares during the period. Arizona State Retirement System lifted its position in BankUnited by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 379 shares during the last quarter. Natixis Advisors LLC boosted its position in BankUnited by 1.0% during the 2nd quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock worth $1,405,000 after acquiring an additional 497 shares during the period. GAMMA Investing LLC boosted its holdings in shares of BankUnited by 17.4% in the third quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 686 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in BankUnited by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the financial services provider’s stock valued at $1,101,000 after buying an additional 800 shares in the last quarter. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BKU has been the topic of several analyst reports. Hovde Group lifted their target price on shares of BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Wells Fargo & Company lifted their target price on shares of BankUnited from $35.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 1st. JPMorgan Chase & Co. upped their price objective on shares of BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Citigroup dropped their price objective on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Finally, Wedbush increased their price objective on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $36.40.

BankUnited Price Performance

Shares of BKU stock opened at $38.97 on Friday. The company has a quick ratio of 0.87, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The firm has a market cap of $2.91 billion, a price-to-earnings ratio of 15.97 and a beta of 1.33. The stock has a 50-day moving average price of $36.19 and a 200 day moving average price of $33.19. BankUnited, Inc. has a 12 month low of $22.16 and a 12 month high of $40.44.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. The company had revenue of $515.24 million during the quarter, compared to analysts’ expectations of $258.65 million. During the same period in the prior year, the business posted $0.63 EPS. Research analysts expect that BankUnited, Inc. will post 2.85 EPS for the current year.

BankUnited Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 11th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.98%. The ex-dividend date was Friday, October 11th. BankUnited’s dividend payout ratio (DPR) is presently 47.54%.

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.