Rhumbline Advisers Sells 5,301 Shares of BankUnited, Inc. (NYSE:BKU)

Rhumbline Advisers cut its holdings in BankUnited, Inc. (NYSE:BKU) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 232,872 shares of the financial services provider’s stock after selling 5,301 shares during the quarter. Rhumbline Advisers owned 0.31% of BankUnited worth $8,889,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BKU. Geode Capital Management LLC lifted its holdings in shares of BankUnited by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,719,596 shares of the financial services provider’s stock valued at $62,674,000 after purchasing an additional 20,218 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in BankUnited by 6.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 663,084 shares of the financial services provider’s stock worth $24,163,000 after buying an additional 39,797 shares during the last quarter. Basswood Capital Management L.L.C. bought a new position in BankUnited during the 3rd quarter valued at about $17,745,000. Algert Global LLC boosted its holdings in shares of BankUnited by 23.7% during the 3rd quarter. Algert Global LLC now owns 308,212 shares of the financial services provider’s stock valued at $11,231,000 after acquiring an additional 59,029 shares during the last quarter. Finally, FMR LLC grew its stake in shares of BankUnited by 40.0% in the third quarter. FMR LLC now owns 275,556 shares of the financial services provider’s stock worth $10,041,000 after acquiring an additional 78,753 shares during the period. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

BankUnited Stock Down 1.4 %

NYSE BKU opened at $37.36 on Tuesday. BankUnited, Inc. has a 52 week low of $24.34 and a 52 week high of $44.45. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $2.79 billion, a P/E ratio of 12.13 and a beta of 1.37. The stock’s 50-day moving average price is $39.41 and its 200-day moving average price is $38.35.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same quarter in the previous year, the business posted $0.26 EPS. On average, equities research analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date was Friday, January 10th. BankUnited’s dividend payout ratio (DPR) is 37.66%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods increased their price objective on shares of BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Royal Bank of Canada increased their price target on BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a report on Thursday, January 23rd. Barclays cut their price objective on BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Compass Point upped their price objective on BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Finally, Wells Fargo & Company raised their target price on BankUnited from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, BankUnited presently has an average rating of “Hold” and an average price target of $43.40.

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.