Intech Investment Management LLC Raises Holdings in BankUnited, Inc. (NYSE:BKU)

Intech Investment Management LLC increased its position in shares of BankUnited, Inc. (NYSE:BKU) by 70.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,879 shares of the financial services provider’s stock after buying an additional 12,301 shares during the period. Intech Investment Management LLC’s holdings in BankUnited were worth $1,089,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. WINTON GROUP Ltd increased its position in BankUnited by 0.9% during the 2nd quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider’s stock valued at $1,012,000 after purchasing an additional 303 shares during the period. Arizona State Retirement System increased its holdings in BankUnited by 1.9% during the second quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock valued at $609,000 after buying an additional 379 shares during the period. Natixis Advisors LLC raised its stake in BankUnited by 1.0% in the second quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock worth $1,405,000 after buying an additional 497 shares in the last quarter. GAMMA Investing LLC lifted its holdings in BankUnited by 17.4% during the third quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock worth $169,000 after buying an additional 686 shares during the period. Finally, Louisiana State Employees Retirement System boosted its position in BankUnited by 2.2% during the 2nd quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the financial services provider’s stock valued at $1,101,000 after acquiring an additional 800 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors.

BankUnited Stock Down 0.7 %

BankUnited stock opened at $42.36 on Thursday. The business’s 50-day simple moving average is $37.37 and its two-hundred day simple moving average is $34.34. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $3.17 billion, a PE ratio of 17.36 and a beta of 1.33. BankUnited, Inc. has a fifty-two week low of $24.34 and a fifty-two week high of $44.45.

BankUnited (NYSE:BKU) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $515.24 million for the quarter, compared to analyst estimates of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same quarter in the prior year, the firm earned $0.63 earnings per share. Equities analysts anticipate that BankUnited, Inc. will post 2.89 EPS for the current year.

BankUnited Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. The Goldman Sachs Group boosted their price target on BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday. 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 research report on Wednesday, November 13th. Wedbush lifted their price objective on shares of BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Royal Bank of Canada restated a “sector perform” rating and issued a $37.00 target price on shares of BankUnited in a research note on Wednesday, October 23rd. Finally, Citigroup lowered their price objective on BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $38.70.

Insider Activity at BankUnited

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of BankUnited stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.11, for a total value of $421,527.58. Following the completion of the transaction, the chief operating officer now owns 100,000 shares of the company’s stock, valued at approximately $3,911,000. The trade was a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay D. Richards sold 2,500 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total transaction of $102,950.00. Following the completion of the transaction, the insider now owns 34,687 shares of the company’s stock, valued at approximately $1,428,410.66. This trade represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is owned by company insiders.

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.