BankUnited, Inc. (NYSE:BKU) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. decreased its stake in BankUnited, Inc. (NYSE:BKU) by 7.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,714 shares of the financial services provider’s stock after selling 3,102 shares during the quarter. Corebridge Financial Inc.’s holdings in BankUnited were worth $1,516,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Principal Financial Group Inc. boosted its holdings in BankUnited by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider’s stock worth $13,836,000 after buying an additional 10,064 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in BankUnited in the 4th quarter valued at $766,000. SG Americas Securities LLC raised its stake in BankUnited by 462.0% in the 4th quarter. SG Americas Securities LLC now owns 27,955 shares of the financial services provider’s stock valued at $1,067,000 after purchasing an additional 22,981 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in BankUnited by 211.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 59,594 shares of the financial services provider’s stock valued at $2,172,000 after purchasing an additional 40,461 shares in the last quarter. Finally, MML Investors Services LLC purchased a new stake in shares of BankUnited during the third quarter worth $347,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Hovde Group decreased their price target on shares of BankUnited from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. Barclays decreased their target price on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company upped their price target on BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Compass Point lifted their price objective on BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods upped their target price on BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, BankUnited has a consensus rating of “Hold” and an average target price of $43.45.

BankUnited Stock Up 1.5 %

Shares of NYSE:BKU opened at $34.55 on Thursday. The company has a market capitalization of $2.58 billion, a price-to-earnings ratio of 11.22 and a beta of 1.40. BankUnited, Inc. has a 12-month low of $24.34 and a 12-month high of $44.45. The business has a 50-day moving average price of $37.36 and a 200 day moving average price of $37.99. 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 announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating 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 previous year, the firm earned $0.26 earnings per share. Sell-side analysts expect that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be given a dividend of $0.31 per share. This is a positive change from BankUnited’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, April 11th. BankUnited’s dividend payout ratio (DPR) is currently 40.26%.

Insider Activity

In other BankUnited news, insider Kevin A. Malcolm sold 3,234 shares of the firm’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 completion of the transaction, the insider now owns 12,250 shares of the company’s stock, valued at $430,955. This trade represents a 20.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Sanjiv Sobti purchased 1,000 shares of the company’s stock in a transaction on Thursday, March 13th. The stock was acquired at an average price of $32.83 per share, with a total value of $32,830.00. Following the purchase, the director now owns 21,782 shares of the company’s stock, valued at approximately $715,103.06. This represents a 4.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.19% of the company’s stock.

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.