BankUnited, Inc. $BKU Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its position in shares of BankUnited, Inc. (NYSE:BKU) by 2.0% during the fourth quarter, Holdings Channel reports. The fund owned 623,322 shares of the financial services provider’s stock after selling 12,703 shares during the quarter. Fisher Asset Management LLC’s holdings in BankUnited were worth $27,781,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in BankUnited by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 4,596,455 shares of the financial services provider’s stock worth $175,400,000 after acquiring an additional 51,926 shares during the last quarter. Wellington Management Group LLP boosted its position in BankUnited by 23.1% during the third quarter. Wellington Management Group LLP now owns 3,070,822 shares of the financial services provider’s stock worth $117,183,000 after acquiring an additional 576,843 shares during the last quarter. American Century Companies Inc. boosted its position in BankUnited by 9.4% during the third quarter. American Century Companies Inc. now owns 2,163,936 shares of the financial services provider’s stock worth $82,576,000 after acquiring an additional 185,937 shares during the last quarter. Artemis Investment Management LLP acquired a new stake in BankUnited during the fourth quarter worth approximately $73,655,000. Finally, Cramer Rosenthal Mcglynn LLC boosted its position in BankUnited by 20.9% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,535,274 shares of the financial services provider’s stock worth $58,586,000 after acquiring an additional 265,439 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Insider Activity at BankUnited

In other news, insider Kevin A. Malcolm sold 3,447 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $47.11, for a total value of $162,388.17. Following the transaction, the insider owned 11,500 shares of the company’s stock, valued at approximately $541,765. This trade represents a 23.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.00% of the company’s stock.

BankUnited Stock Performance

NYSE:BKU opened at $47.21 on Wednesday. The firm’s 50 day moving average is $45.93 and its two-hundred day moving average is $45.69. BankUnited, Inc. has a fifty-two week low of $33.06 and a fifty-two week high of $52.11. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. The company has a market cap of $3.43 billion, a P/E ratio of 13.15 and a beta of 1.19.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). BankUnited had a net margin of 14.46% and a return on equity of 9.11%. The business had revenue of $273.69 million during the quarter, compared to analysts’ expectations of $284.57 million. During the same period in the prior year, the business posted $0.78 EPS. Analysts expect that BankUnited, Inc. will post 4.16 EPS for the current year.

BankUnited Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were paid a $0.33 dividend. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from BankUnited’s previous quarterly dividend of $0.31. BankUnited’s payout ratio is 36.77%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BKU. The Goldman Sachs Group reaffirmed a “sell” rating on shares of BankUnited in a research note on Monday, February 2nd. Raymond James Financial reaffirmed an “outperform” rating on shares of BankUnited in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods cut their price target on shares of BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a research note on Thursday, April 23rd. Barclays cut their price target on shares of BankUnited from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 7th. Finally, Citigroup cut their price target on shares of BankUnited from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Seven analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $53.27.

BankUnited Company Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.