State of New Jersey Common Pension Fund D Has $2.11 Million Stock Position in BankUnited, Inc. (NYSE:BKU)

State of New Jersey Common Pension Fund D lifted its holdings in shares of BankUnited, Inc. (NYSE:BKUGet Rating) by 6.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 61,753 shares of the financial services provider’s stock after buying an additional 3,590 shares during the period. State of New Jersey Common Pension Fund D owned about 0.08% of BankUnited worth $2,110,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in BankUnited by 2.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 18,775 shares of the financial services provider’s stock worth $826,000 after acquiring an additional 533 shares during the last quarter. Congress Asset Management Co. MA grew its position in BankUnited by 0.3% during the 2nd quarter. Congress Asset Management Co. MA now owns 186,464 shares of the financial services provider’s stock worth $6,633,000 after acquiring an additional 597 shares during the last quarter. Exchange Traded Concepts LLC grew its position in BankUnited by 3.6% during the 2nd quarter. Exchange Traded Concepts LLC now owns 17,927 shares of the financial services provider’s stock worth $638,000 after acquiring an additional 628 shares during the last quarter. Eagle Bay Advisors LLC grew its position in BankUnited by 73.8% during the 2nd quarter. Eagle Bay Advisors LLC now owns 2,496 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 1,060 shares during the last quarter. Finally, Handelsbanken Fonder AB grew its position in BankUnited by 7.3% during the 3rd quarter. Handelsbanken Fonder AB now owns 17,632 shares of the financial services provider’s stock worth $602,000 after acquiring an additional 1,200 shares during the last quarter.

Insider Activity at BankUnited

In related news, Director A. Gail Prudenti sold 4,500 shares of the company’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $37.26, for a total transaction of $167,670.00. Following the transaction, the director now directly owns 9,729 shares of the company’s stock, valued at approximately $362,502.54. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.91% of the stock is owned by corporate insiders.

BankUnited Stock Down 3.1 %

Shares of BankUnited stock opened at $33.97 on Thursday. BankUnited, Inc. has a one year low of $31.44 and a one year high of $45.86. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.89 and a quick ratio of 0.89. The stock’s 50-day moving average is $34.95 and its 200 day moving average is $36.16. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of 8.21 and a beta of 1.19.

BankUnited (NYSE:BKUGet Rating) last announced its earnings results on Thursday, October 20th. The financial services provider reported $1.12 EPS for the quarter, beating the consensus estimate of $1.01 by $0.11. BankUnited had a return on equity of 12.71% and a net margin of 29.75%. The company had revenue of $258.91 million for the quarter, compared to analyst estimates of $260.05 million. During the same quarter in the prior year, the company earned $0.94 EPS. Equities research analysts anticipate that BankUnited, Inc. will post 3.8 EPS for the current year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Friday, January 13th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, January 12th. This represents a $1.00 annualized dividend and a dividend yield of 2.94%. BankUnited’s payout ratio is 24.15%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BKU. StockNews.com began coverage on BankUnited in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. JPMorgan Chase & Co. reduced their price target on BankUnited from $35.00 to $32.00 and set an “underweight” rating on the stock in a research report on Tuesday, December 13th. Wells Fargo & Company lowered BankUnited from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $45.00 to $38.00 in a research report on Thursday, December 15th. Finally, Compass Point reduced their price target on BankUnited to $40.00 in a research report on Thursday, October 20th. Three equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $41.29.

About BankUnited

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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.

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Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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