Illinois Municipal Retirement Fund Sells 2,076 Shares of BankUnited, Inc. (NYSE:BKU)

Illinois Municipal Retirement Fund cut its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 4.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 40,602 shares of the financial services provider’s stock after selling 2,076 shares during the period. Illinois Municipal Retirement Fund’s holdings in BankUnited were worth $1,550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Blue Trust Inc. boosted 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 valued at $31,000 after purchasing an additional 547 shares in the last quarter. R Squared Ltd bought a new position in shares of BankUnited during the fourth quarter valued at approximately $113,000. KBC Group NV boosted its stake 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 valued at $154,000 after purchasing an additional 1,883 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of BankUnited by 9.2% during the fourth 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 in the last quarter. Finally, Aigen Investment Management LP bought a new position in shares of BankUnited during the third quarter valued at approximately $257,000. 99.70% of the stock is currently owned by institutional investors.

BankUnited Trading Up 0.7 %

NYSE:BKU opened at $37.51 on Friday. BankUnited, Inc. has a 12 month low of $24.34 and a 12 month high of $44.45. The firm has a fifty day simple moving average of $39.34 and a 200-day simple moving average of $38.39. 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 company has a market capitalization of $2.80 billion, a P/E ratio of 12.18 and a beta of 1.37.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate 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 company earned $0.26 earnings per share. On average, equities research analysts anticipate that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.16 annualized dividend and a dividend yield of 3.09%. BankUnited’s payout ratio is currently 37.66%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on BKU shares. Barclays dropped their price objective 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. The Goldman Sachs Group raised their target price on shares of BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th. Keefe, Bruyette & Woods raised their target price on shares of BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Compass Point raised their target price on shares of BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada raised their target price on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $43.40.

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.