Mutual of America Capital Management LLC Has $410,000 Position in BankUnited, Inc. (NYSE:BKU)

Mutual of America Capital Management LLC lessened its position in BankUnited, Inc. (NYSE:BKU) by 8.5% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,244 shares of the financial services provider’s stock after selling 1,044 shares during the quarter. Mutual of America Capital Management LLC’s holdings in BankUnited were worth $410,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of BKU. WINTON GROUP Ltd lifted its position in shares of BankUnited by 0.9% in the second quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider’s stock worth $1,012,000 after purchasing an additional 303 shares in the last quarter. Arizona State Retirement System grew its holdings in shares of 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 acquiring an additional 379 shares in the last quarter. Natixis Advisors LLC increased its position in shares of BankUnited by 1.0% in the second quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock valued at $1,405,000 after acquiring an additional 497 shares during the last quarter. GAMMA Investing LLC boosted its position in BankUnited by 17.4% during the third quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 686 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its stake in BankUnited by 2.2% in 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 purchasing an additional 800 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price objective on BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a research note on Tuesday. Citigroup decreased their price objective on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.00 target price on shares of BankUnited in a research note on Wednesday, October 23rd. Wedbush upped their price target on shares of BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company raised shares of BankUnited from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $38.00 to $48.00 in a report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, BankUnited currently has an average rating of “Hold” and a consensus target price of $38.70.

Insider Activity at BankUnited

In other BankUnited news, insider Jay D. Richards sold 2,500 shares of the company’s stock in a transaction that occurred on 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 directly owns 34,687 shares in the company, valued at approximately $1,428,410.66. This represents a 6.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Thomas M. Cornish sold 10,778 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now directly owns 100,000 shares of the company’s stock, valued at $3,911,000. The trade was a 9.73 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.

BankUnited Price Performance

BKU stock opened at $42.36 on Thursday. BankUnited, Inc. has a 12 month low of $24.34 and a 12 month high of $44.45. The firm has a market cap of $3.17 billion, a P/E ratio of 17.49 and a beta of 1.33. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The company’s 50-day moving average price is $37.37 and its two-hundred day moving average price is $34.34.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.07. The business had revenue of $515.24 million during the quarter, compared to the consensus estimate of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same period in the prior year, the company earned $0.63 EPS. On average, analysts anticipate that BankUnited, Inc. will post 2.89 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Friday, October 11th. BankUnited’s payout ratio is 47.54%.

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.