BankUnited, Inc. (NYSE:BKU) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its holdings in BankUnited, Inc. (NYSE:BKU) by 143.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 72,693 shares of the financial services provider’s stock after buying an additional 42,814 shares during the period. Intech Investment Management LLC’s holdings in BankUnited were worth $2,775,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of BKU. GSA Capital Partners LLP acquired a new position in BankUnited during the 3rd quarter valued at about $257,000. Quest Partners LLC acquired a new position in BankUnited during the 3rd quarter valued at about $825,000. LMR Partners LLP acquired a new position in BankUnited during the 3rd quarter valued at about $557,000. Pathstone Holdings LLC raised its position in shares of BankUnited by 18.2% during the 3rd quarter. Pathstone Holdings LLC now owns 58,619 shares of the financial services provider’s stock worth $2,136,000 after buying an additional 9,010 shares in the last quarter. Finally, Cerity Partners LLC bought a new stake in shares of BankUnited during the 3rd quarter worth about $434,000. 99.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BankUnited

In other BankUnited news, Director Sanjiv Sobti acquired 2,000 shares of the stock in a transaction dated 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 acquisition, the director now directly owns 20,782 shares of the company’s stock, valued at approximately $666,478.74. This trade represents a 10.65 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 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 disclosure for this sale can be found here. 1.19% of the stock is currently owned by corporate insiders.

BankUnited Stock Up 1.1 %

BKU opened at $34.83 on Thursday. BankUnited, Inc. has a twelve month low of $24.34 and a twelve month high of $44.45. The firm’s 50-day simple moving average is $38.18 and its 200-day simple moving average is $38.10. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 11.31 and a beta of 1.40.

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, beating 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 period last year, the firm posted $0.26 EPS. Equities research analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.33%. BankUnited’s dividend payout ratio is 37.66%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on BKU shares. Piper Sandler upgraded shares of 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. The Goldman Sachs Group boosted their price target on shares of BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods boosted their price target 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. Barclays dropped their price target on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Finally, Compass Point boosted their price target on shares of BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One 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 company. Based on data from MarketBeat.com, BankUnited has an average rating of “Hold” and an average target price of $43.18.

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.