Vestmark Advisory Solutions Inc. Buys 5,087 Shares of BankUnited, Inc. $BKU

Vestmark Advisory Solutions Inc. lifted its stake in BankUnited, Inc. (NYSE:BKU) by 60.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,492 shares of the financial services provider’s stock after acquiring an additional 5,087 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in BankUnited were worth $465,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Boston Partners bought a new stake in shares of BankUnited in the first quarter worth approximately $26,299,000. Russell Investments Group Ltd. grew its stake in shares of BankUnited by 16.3% in the first quarter. Russell Investments Group Ltd. now owns 120,687 shares of the financial services provider’s stock worth $4,156,000 after acquiring an additional 16,889 shares during the period. Public Sector Pension Investment Board grew its stake in shares of BankUnited by 50.5% in the first quarter. Public Sector Pension Investment Board now owns 280,298 shares of the financial services provider’s stock worth $9,653,000 after acquiring an additional 94,032 shares during the period. Nuveen LLC bought a new stake in shares of BankUnited in the first quarter worth approximately $16,338,000. Finally, Aigen Investment Management LP bought a new stake in shares of BankUnited in the first quarter worth approximately $231,000. 99.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling at BankUnited

In other news, insider Jay D. Richards sold 3,942 shares of the business’s stock in a transaction on Friday, July 25th. The shares were sold at an average price of $38.81, for a total value of $152,989.02. Following the transaction, the insider 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas J. Pauls sold 3,500 shares of the business’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $38.79, for a total transaction of $135,765.00. Following the completion of the transaction, the director directly owned 43,205 shares in the company, valued at $1,675,921.95. This trade represents a 7.49% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,442 shares of company stock valued at $323,184 over the last 90 days. 1.15% of the stock is currently owned by corporate insiders.

BankUnited Price Performance

Shares of NYSE:BKU opened at $37.57 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.84 and a quick ratio of 0.84. BankUnited, Inc. has a 1-year low of $28.21 and a 1-year high of $44.45. The company has a market capitalization of $2.83 billion, a P/E ratio of 11.02 and a beta of 1.32. The firm’s 50 day simple moving average is $36.44 and its two-hundred day simple moving average is $35.43.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 earnings per share 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 business had revenue of $273.93 million for the quarter, compared to the consensus estimate of $267.17 million. During the same quarter in the previous year, the firm earned $0.72 earnings per share. Research analysts expect that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on BKU shares. Citigroup lifted their price target on shares of BankUnited from $36.00 to $38.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods boosted their target price on shares of BankUnited from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, July 28th. Piper Sandler restated a “neutral” rating and set a $43.00 target price (up from $41.00) on shares of BankUnited in a research report on Thursday, July 24th. Jefferies Financial Group started coverage on shares of BankUnited in a research report on Wednesday, May 21st. They set a “hold” rating and a $39.00 target price for the company. Finally, Wells Fargo & Company boosted their target price on shares of BankUnited from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, BankUnited currently has a consensus rating of “Hold” and a consensus target price of $41.55.

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.