BankUnited, Inc. (NYSE:BKU) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its holdings in BankUnited, Inc. (NYSE:BKUFree Report) by 17.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,448,921 shares of the financial services provider’s stock after acquiring an additional 212,496 shares during the period. Charles Schwab Investment Management Inc. owned about 1.95% of BankUnited worth $46,989,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wolverine Asset Management LLC boosted its holdings in BankUnited by 11,419.0% in the fourth quarter. Wolverine Asset Management LLC now owns 11,519 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 11,419 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of BankUnited by 24.6% in the 4th quarter. Nordea Investment Management AB now owns 124,072 shares of the financial services provider’s stock valued at $4,042,000 after buying an additional 24,498 shares during the period. FMR LLC boosted its stake in shares of BankUnited by 23.2% in the third quarter. FMR LLC now owns 1,539,176 shares of the financial services provider’s stock worth $34,939,000 after buying an additional 290,232 shares during the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in BankUnited by 84.6% during the third quarter. Schonfeld Strategic Advisors LLC now owns 262,741 shares of the financial services provider’s stock worth $5,964,000 after acquiring an additional 120,441 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its position in BankUnited by 129.1% during the third quarter. O Shaughnessy Asset Management LLC now owns 70,116 shares of the financial services provider’s stock valued at $1,592,000 after acquiring an additional 39,507 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Price Performance

Shares of BankUnited stock opened at $29.93 on Friday. The stock has a market capitalization of $2.24 billion, a P/E ratio of 12.90 and a beta of 1.34. The business has a 50 day simple moving average of $27.41 and a two-hundred day simple moving average of $27.95. BankUnited, Inc. has a 12 month low of $17.87 and a 12 month high of $34.22. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.88 and a quick ratio of 0.88.

BankUnited (NYSE:BKUGet Free Report) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.64 EPS for the quarter, beating the consensus estimate of $0.62 by $0.02. BankUnited had a return on equity of 8.06% and a net margin of 8.71%. The firm had revenue of $508.35 million during the quarter, compared to the consensus estimate of $239.84 million. During the same period in the prior year, the company earned $0.70 EPS. As a group, analysts predict that BankUnited, Inc. will post 2.74 EPS for the current fiscal year.

BankUnited Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 12th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, April 11th. This is a positive change from BankUnited’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 3.88%. BankUnited’s payout ratio is presently 50.00%.

Analyst Ratings Changes

Several research firms have commented on BKU. Barclays initiated coverage on BankUnited in a research report on Friday, March 8th. They issued an “equal weight” rating and a $29.00 price objective on the stock. Wells Fargo & Company lifted their price objective on shares of BankUnited from $26.00 to $28.00 and gave the company an “equal weight” rating in a report on Monday, January 29th. Royal Bank of Canada lowered their target price on shares of BankUnited from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 9th. JPMorgan Chase & Co. cut their price target on BankUnited from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, April 4th. Finally, Wedbush lowered their price target on BankUnited from $34.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, January 29th. Two equities research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. According to data from MarketBeat, BankUnited has an average rating of “Hold” and an average price target of $30.50.

Check Out Our Latest Stock Analysis on BKU

Insider Activity at BankUnited

In other news, insider Kevin A. Malcolm sold 2,285 shares of the business’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 transaction of $62,106.30. Following the transaction, the insider now directly owns 11,750 shares in the company, valued at approximately $319,365. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.19% of the stock is owned by corporate insiders.

BankUnited Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

Receive News & Ratings for BankUnited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BankUnited and related companies with MarketBeat.com's FREE daily email newsletter.