Dimensional Fund Advisors LP Sells 35,227 Shares of BankUnited, Inc. $BKU

Dimensional Fund Advisors LP reduced its position in BankUnited, Inc. (NYSE:BKU) by 0.8% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,549,686 shares of the financial services provider’s stock after selling 35,227 shares during the period. Dimensional Fund Advisors LP owned 0.06% of BankUnited worth $156,687,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Fox Run Management L.L.C. boosted its holdings in BankUnited by 242.0% in the first quarter. Fox Run Management L.L.C. now owns 48,238 shares of the financial services provider’s stock valued at $1,661,000 after acquiring an additional 34,132 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its holdings in BankUnited by 60.5% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 13,492 shares of the financial services provider’s stock worth $465,000 after purchasing an additional 5,087 shares during the last quarter. Boston Partners acquired a new position in BankUnited during the 1st quarter valued at about $26,299,000. Russell Investments Group Ltd. boosted its stake in shares of BankUnited by 16.3% in the 1st quarter. Russell Investments Group Ltd. now owns 120,687 shares of the financial services provider’s stock valued at $4,156,000 after purchasing an additional 16,889 shares during the last quarter. Finally, Public Sector Pension Investment Board boosted its stake in shares of BankUnited by 50.5% in the 1st quarter. Public Sector Pension Investment Board now owns 280,298 shares of the financial services provider’s stock valued at $9,653,000 after purchasing an additional 94,032 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group started coverage on shares of BankUnited in a research note on Wednesday, May 21st. They set a “hold” rating and a $39.00 price target for the company. Keefe, Bruyette & Woods lifted their target price on shares of BankUnited from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Monday, July 28th. Citigroup increased their price target on BankUnited from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Wells Fargo & Company raised their price target on BankUnited from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, July 24th. Finally, Barclays lifted their price objective on BankUnited from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, BankUnited currently has a consensus rating of “Hold” and a consensus price target of $41.55.

Insiders Place Their Bets

In related news, Director John N. Digiacomo sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $34.43, for a total value of $34,430.00. Following the completion of the transaction, the director directly owned 14,516 shares in the company, valued at approximately $499,785.88. The trade was a 6.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jay D. Richards sold 3,942 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $38.81, for a total value of $152,989.02. Following the sale, the insider directly owned 39,193 shares of the company’s stock, valued at approximately $1,521,080.33. The trade was a 9.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 8,442 shares of company stock worth $323,184 over the last ninety days. 1.15% of the stock is currently owned by corporate insiders.

BankUnited Trading Up 0.1%

BKU opened at $37.2350 on Thursday. The firm’s fifty day moving average is $36.57 and its two-hundred day moving average is $35.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $2.80 billion, a PE ratio of 10.92 and a beta of 1.32. BankUnited, Inc. has a twelve month low of $28.21 and a twelve month high of $44.45.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.12. BankUnited had a net margin of 13.19% and a return on equity of 9.00%. The company had revenue of $273.93 million during the quarter, compared to analyst estimates of $267.17 million. During the same quarter in the previous year, the business earned $0.72 EPS. Equities research analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Friday, July 11th. BankUnited’s payout ratio is presently 36.36%.

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.