Illinois Municipal Retirement Fund Sells 2,076 Shares of BankUnited, Inc. (NYSE:BKU)

Illinois Municipal Retirement Fund lessened its stake in shares of BankUnited, Inc. (NYSE:BKU) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,602 shares of the financial services provider’s stock after selling 2,076 shares during the period. Illinois Municipal Retirement Fund owned 0.05% of BankUnited worth $1,550,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alpha DNA Investment Management LLC bought a new position in shares of BankUnited during the 3rd quarter valued at about $443,000. SG Americas Securities LLC boosted its holdings in shares of BankUnited by 462.0% during the 4th quarter. SG Americas Securities LLC now owns 27,955 shares of the financial services provider’s stock valued at $1,067,000 after purchasing an additional 22,981 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of BankUnited by 211.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 59,594 shares of the financial services provider’s stock valued at $2,172,000 after buying an additional 40,461 shares in the last quarter. MML Investors Services LLC purchased a new stake in shares of BankUnited during the 3rd quarter valued at about $347,000. Finally, Principal Financial Group Inc. raised its position in shares of BankUnited by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider’s stock valued at $13,836,000 after buying an additional 10,064 shares in the last quarter. Institutional investors own 99.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on BKU. Royal Bank of Canada upped their target price on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research report on Thursday, January 23rd. The Goldman Sachs Group upped their target price on shares of BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, November 26th. Compass Point upped their target price on shares of BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Barclays decreased their target price on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Finally, Wells Fargo & Company upped their target price on shares of BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, BankUnited has a consensus rating of “Hold” and an average price target of $43.40.

BankUnited Stock Performance

BankUnited stock opened at $37.51 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. BankUnited, Inc. has a 1-year low of $24.34 and a 1-year high of $44.45. The firm has a market capitalization of $2.80 billion, a P/E ratio of 12.18 and a beta of 1.37. The company’s 50-day moving average is $39.34 and its 200 day moving average is $38.39.

BankUnited (NYSE:BKU) last issued 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 last year, the firm earned $0.26 EPS. Research analysts forecast that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.09%. The ex-dividend date of this dividend was Friday, January 10th. BankUnited’s dividend payout ratio (DPR) is presently 37.66%.

BankUnited Company Profile

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.