BankUnited, Inc. (NYSE:BKU) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas lowered its stake in shares of BankUnited, Inc. (NYSE:BKU) by 41.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,025 shares of the financial services provider’s stock after selling 10,555 shares during the quarter. Teacher Retirement System of Texas’ holdings in BankUnited were worth $574,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Blue Trust Inc. raised its stake in BankUnited by 182.3% during the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 547 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of BankUnited by 270.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 1,407 shares during the last quarter. R Squared Ltd acquired a new stake in shares of BankUnited during the fourth quarter worth about $113,000. KBC Group NV increased its position in shares of BankUnited by 87.8% during the fourth quarter. KBC Group NV now owns 4,028 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 1,883 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of BankUnited by 9.2% in the 4th quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider’s stock valued at $193,000 after purchasing an additional 426 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Piper Sandler raised BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price target on the stock in a research report on Tuesday, March 11th. StockNews.com cut shares of BankUnited from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Barclays reduced their price target on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Keefe, Bruyette & Woods raised their price objective on shares of BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Finally, 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 report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $43.45.

BankUnited Trading Down 3.0 %

NYSE BKU opened at $34.15 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $2.55 billion, a P/E ratio of 11.09 and a beta of 1.40. BankUnited, Inc. has a 52-week low of $24.34 and a 52-week high of $44.45. The firm has a 50-day moving average price of $37.69 and a 200 day moving average price of $38.03.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter in the prior year, the business posted $0.26 earnings per share. Equities research analysts expect that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be issued a $0.31 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.24 dividend on an annualized basis and a yield of 3.63%. This is an increase from BankUnited’s previous quarterly dividend of $0.29. BankUnited’s dividend payout ratio (DPR) is 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.