Invesco Ltd. Lowers Stake in BankUnited, Inc. (NYSE:BKU)

Invesco Ltd. lessened its position in BankUnited, Inc. (NYSE:BKU) by 24.3% during the fourth quarter, Holdings Channel reports. The fund owned 359,541 shares of the financial services provider’s stock after selling 115,502 shares during the period. Invesco Ltd.’s holdings in BankUnited were worth $13,724,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BKU. Blue Trust Inc. increased its position in shares of BankUnited by 182.3% during the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 547 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of BankUnited by 42.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 410 shares in the last quarter. Smartleaf Asset Management LLC lifted 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 worth $74,000 after acquiring an additional 1,407 shares during the last quarter. R Squared Ltd purchased a new stake in shares of BankUnited in the 4th quarter valued at $113,000. Finally, KBC Group NV grew its holdings in shares of BankUnited by 87.8% during the 4th quarter. KBC Group NV now owns 4,028 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 1,883 shares during the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Insider Buying and Selling at BankUnited

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

Analyst Ratings Changes

Several analysts have issued reports on the stock. Piper Sandler upgraded shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price target for the company in a research report on Tuesday, March 11th. Royal Bank of Canada lifted their price target on BankUnited from $42.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 23rd. StockNews.com cut shares of BankUnited from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Wells Fargo & Company lowered their price target on shares of BankUnited from $50.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. Finally, Hovde Group decreased their price objective on shares of BankUnited from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $42.18.

BankUnited Price Performance

BKU opened at $30.69 on Tuesday. BankUnited, Inc. has a 12-month low of $26.69 and a 12-month high of $44.45. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 9.96 and a beta of 1.20. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. The stock has a fifty day simple moving average of $34.29 and a two-hundred day simple moving average of $37.41.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) 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 company posted $0.26 earnings per share. Research analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.04%. The ex-dividend date of this dividend is Friday, April 11th. This is a positive change from BankUnited’s previous quarterly dividend of $0.29. BankUnited’s dividend payout ratio (DPR) is 40.26%.

BankUnited 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.