Natixis Advisors LLC Has $1.68 Million Stock Holdings in BankUnited, Inc. (NYSE:BKU)

Natixis Advisors LLC trimmed its position in BankUnited, Inc. (NYSE:BKU) by 4.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,961 shares of the financial services provider’s stock after selling 2,044 shares during the period. Natixis Advisors LLC owned approximately 0.06% of BankUnited worth $1,675,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its holdings in shares of BankUnited by 8.2% during the second quarter. Assenagon Asset Management S.A. now owns 632,632 shares of the financial services provider’s stock valued at $18,517,000 after acquiring an additional 48,059 shares in the last quarter. Vanguard Group Inc. increased its stake in 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 purchasing an additional 280,993 shares in the last quarter. Denali Advisors LLC acquired a new position in BankUnited during the second quarter worth $799,000. Intech Investment Management LLC bought a new position in shares of BankUnited in the second quarter valued at $515,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of BankUnited by 7.2% in the second quarter. The Manufacturers Life Insurance Company now owns 41,438 shares of the financial services provider’s stock valued at $1,213,000 after buying an additional 2,778 shares in the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

BankUnited Trading Up 1.1 %

NYSE BKU opened at $43.20 on Tuesday. The business’s fifty day moving average is $37.12 and its 200-day moving average is $34.15. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 17.70 and a beta of 1.33. BankUnited, Inc. has a one year low of $24.34 and a one year high of $44.45.

BankUnited (NYSE:BKU) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. The firm had revenue of $515.24 million for the quarter, compared to analysts’ expectations of $258.65 million. During the same period in the previous year, the company earned $0.63 earnings per share. Equities research analysts predict that BankUnited, Inc. will post 2.89 EPS for the current year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were paid a $0.29 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.16 annualized dividend and a dividend yield of 2.69%. BankUnited’s payout ratio is presently 47.54%.

Insider Buying and Selling at BankUnited

In other news, insider Jay D. Richards sold 2,500 shares of BankUnited stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total value of $102,950.00. Following the completion of the transaction, the insider now owns 34,687 shares in the company, valued at $1,428,410.66. This trade represents a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Thomas M. Cornish sold 10,778 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.11, for a total transaction of $421,527.58. Following the sale, the chief operating officer now owns 100,000 shares in the company, valued at $3,911,000. The trade was a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.

Analyst Ratings Changes

BKU has been the topic of a number of analyst reports. Barclays upped their target price on shares of BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. 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. Citigroup dropped their target price on BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a $37.00 price target on shares of BankUnited in a report on Wednesday, October 23rd. Finally, Wells Fargo & Company upgraded BankUnited from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $38.00 to $48.00 in a research note on Wednesday, November 13th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $37.40.

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.