BankUnited, Inc. (NYSE:BKU) Shares Sold by Susquehanna International Group LLP

Susquehanna International Group LLP lessened its position in shares of BankUnited, Inc. (NYSE:BKU) by 32.4% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,605 shares of the financial services provider’s stock after selling 23,299 shares during the period. Susquehanna International Group LLP owned about 0.07% of BankUnited worth $1,855,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BKU. Blue Trust Inc. grew its stake in shares of BankUnited by 182.3% during the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 547 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of BankUnited by 42.3% during the 4th 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 increased 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 acquiring an additional 1,407 shares during the last quarter. R Squared Ltd acquired a new stake in shares of BankUnited during the 4th quarter worth about $113,000. Finally, KBC Group NV raised its position 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 worth $154,000 after acquiring an additional 1,883 shares in the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of BankUnited from $50.00 to $42.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 9th. Barclays cut their price target on shares of BankUnited from $44.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. Piper Sandler upgraded shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price objective for the company in a research note on Tuesday, March 11th. Hovde Group cut their target price on BankUnited from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. Finally, Keefe, Bruyette & Woods decreased their target price on BankUnited from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Wednesday, April 30th. 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. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.55.

Insiders Place Their Bets

In related 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 value of $113,772.12. Following the completion of the sale, the insider now owns 12,250 shares in the company, valued at $430,955. This trade represents a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sanjiv Sobti acquired 2,000 shares of the firm’s stock in a transaction that occurred 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 acquisition, 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 disclosure for this purchase can be found here. Insiders own 1.15% of the company’s stock.

BankUnited Stock Down 1.5 %

Shares of BankUnited stock opened at $33.88 on Friday. The company has a market cap of $2.55 billion, a P/E ratio of 11.00 and a beta of 1.29. The firm has a fifty day moving average of $32.85 and a two-hundred day moving average of $37.13. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. BankUnited, Inc. has a one year low of $26.78 and a one year high of $44.45.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.04. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. The firm had revenue of $255.41 million during the quarter, compared to the consensus estimate of $264.35 million. During the same quarter last year, the firm earned $0.64 earnings per share. On average, analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.24 dividend on an annualized basis and a yield of 3.66%. This is an increase from BankUnited’s previous quarterly dividend of $0.29. BankUnited’s dividend payout ratio (DPR) is 38.51%.

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.