California Public Employees Retirement System Decreases Stock Position in BankUnited, Inc. (NYSE:BKU)

California Public Employees Retirement System decreased its position in BankUnited, Inc. (NYSE:BKU) by 13.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 140,676 shares of the financial services provider’s stock after selling 22,528 shares during the quarter. California Public Employees Retirement System owned about 0.19% of BankUnited worth $4,562,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BKU. Nisa Investment Advisors LLC raised its stake in BankUnited by 106.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,879 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 2,000 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in BankUnited by 16.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,173 shares of the financial services provider’s stock valued at $231,000 after purchasing an additional 1,434 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in BankUnited by 29.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 13,209 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 3,003 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in BankUnited by 20.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,373 shares of the financial services provider’s stock valued at $372,000 after purchasing an additional 2,834 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in BankUnited in the 3rd quarter valued at about $387,000. Institutional investors and hedge funds own 99.70% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. dropped their price objective on shares of BankUnited from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, April 4th. Keefe, Bruyette & Woods dropped their price objective on shares of BankUnited from $33.00 to $31.00 and set a “market perform” rating for the company in a research note on Thursday, April 18th. Barclays assumed coverage on shares of BankUnited in a research note on Friday, March 8th. They set an “equal weight” rating and a $29.00 price objective for the company. Citigroup dropped their price objective on shares of BankUnited from $34.00 to $33.00 and set a “neutral” rating for the company in a research note on Monday, January 29th. Finally, UBS Group downgraded shares of BankUnited from a “neutral” rating to a “sell” rating and set a $29.00 price objective for the company. in a research note on Monday, January 8th. Two research analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $30.50.

Insiders Place Their Bets

In other BankUnited news, insider Kevin A. Malcolm sold 2,285 shares of the company’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $27.18, for a total value of $62,106.30. Following the completion of the transaction, the insider now owns 11,750 shares in the company, valued at approximately $319,365. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.19% of the stock is owned by company insiders.

BankUnited Stock Up 0.3 %

Shares of NYSE:BKU opened at $28.85 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.88 and a current ratio of 0.88. BankUnited, Inc. has a 1 year low of $15.83 and a 1 year high of $34.22. The stock has a market capitalization of $2.16 billion, a P/E ratio of 12.44 and a beta of 1.34. The stock has a 50-day simple moving average of $26.92 and a 200-day simple moving average of $27.43.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $508.35 million during the quarter, compared to analysts’ expectations of $239.84 million. BankUnited had a return on equity of 8.06% and a net margin of 8.71%. During the same quarter in the previous year, the business earned $0.70 EPS. Equities analysts forecast that BankUnited, Inc. will post 2.73 earnings per share for the current year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 12th were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date was Thursday, April 11th. This is a boost from BankUnited’s previous quarterly dividend of $0.27. BankUnited’s dividend payout ratio is currently 50.00%.

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.