Mutual of America Capital Management LLC Has $410,000 Stake in BankUnited, Inc. (NYSE:BKU)

Mutual of America Capital Management LLC lowered its stake in BankUnited, Inc. (NYSE:BKU) by 8.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,244 shares of the financial services provider’s stock after selling 1,044 shares during the quarter. Mutual of America Capital Management LLC’s holdings in BankUnited were worth $410,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its position in BankUnited by 8.2% in the 2nd quarter. Assenagon Asset Management S.A. now owns 632,632 shares of the financial services provider’s stock valued at $18,517,000 after purchasing an additional 48,059 shares during the period. Vanguard Group Inc. grew its holdings in shares of BankUnited by 3.1% during the first quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider’s stock valued at $265,542,000 after buying an additional 280,993 shares during the last quarter. Denali Advisors LLC bought a new stake in shares of BankUnited during the second quarter worth about $799,000. Intech Investment Management LLC bought a new stake in shares of BankUnited during the second quarter worth about $515,000. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of BankUnited by 7.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 41,438 shares of the financial services provider’s stock worth $1,213,000 after acquiring an additional 2,778 shares during the last quarter. 99.70% of the stock is owned by institutional investors.

BankUnited Trading Down 0.7 %

Shares of BKU stock opened at $42.36 on Thursday. The company’s fifty day simple moving average is $37.37 and its two-hundred day simple moving average is $34.34. BankUnited, Inc. has a 1 year low of $24.34 and a 1 year high of $44.45. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 17.49 and a beta of 1.33. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88.

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

BankUnited Dividend Announcement

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

Wall Street Analyst Weigh In

A number of analysts have commented on BKU shares. Royal Bank of Canada reissued a “sector perform” rating and set a $37.00 price objective on shares of BankUnited in a report on Wednesday, October 23rd. Barclays upped their price objective on shares of BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Wedbush boosted their target price on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Citigroup cut their price objective on BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company raised shares of BankUnited from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $38.00 to $48.00 in a research report on Wednesday, November 13th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $38.70.

Insider Activity at BankUnited

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