BankUnited, Inc. (NYSE:BKU) Stock Holdings Raised by Amundi

Amundi raised its stake in BankUnited, Inc. (NYSE:BKU) by 186.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 37,752 shares of the financial services provider’s stock after purchasing an additional 24,592 shares during the period. Amundi owned 0.05% of BankUnited worth $1,456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vestmark Advisory Solutions Inc. bought a new stake in shares of BankUnited in the 4th quarter worth about $321,000. Inceptionr LLC boosted its holdings in shares of BankUnited by 58.9% in the 4th quarter. Inceptionr LLC now owns 13,474 shares of the financial services provider’s stock valued at $514,000 after buying an additional 4,997 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of BankUnited in the 4th quarter valued at about $766,000. Atria Investments Inc boosted its holdings in shares of BankUnited by 7.2% in the 4th quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider’s stock valued at $314,000 after buying an additional 555 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of BankUnited by 270.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock valued at $74,000 after buying an additional 1,407 shares during the period. Institutional investors own 99.70% of the company’s stock.

BankUnited Stock Up 0.3 %

BKU stock opened at $34.46 on Wednesday. BankUnited, Inc. has a 52 week low of $24.34 and a 52 week high of $44.45. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 11.19 and a beta of 1.40. The firm’s 50-day moving average is $38.26 and its two-hundred day moving average is $38.12. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04.

BankUnited (NYSE:BKU) last released its quarterly 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 in the prior year, the business posted $0.26 EPS. On average, analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.37%. BankUnited’s dividend payout ratio (DPR) is 37.66%.

Insiders Place Their Bets

In related news, insider Kevin A. Malcolm sold 3,234 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total value of $113,772.12. Following the sale, the insider now directly owns 12,250 shares in the company, valued at $430,955. The trade was a 20.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sanjiv Sobti bought 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $32.07 per share, for a total transaction of $64,140.00. Following the completion of the acquisition, the director now directly owns 20,782 shares in the company, valued at approximately $666,478.74. This represents a 10.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.19% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Keefe, Bruyette & Woods lifted their price target on shares of BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Compass Point lifted their price target on shares of BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. StockNews.com lowered shares of BankUnited from a “buy” rating to a “hold” rating in a report on Tuesday. Barclays decreased their price target on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Finally, Piper Sandler raised shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 target price for the company in a research note on Tuesday, March 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $43.18.

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.