BankUnited, Inc. (NYSE:BKU) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System cut its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 2.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,013 shares of the financial services provider’s stock after selling 2,869 shares during the period. California State Teachers Retirement System owned 0.13% of BankUnited worth $2,168,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in BKU. Eagle Bay Advisors LLC increased its holdings in BankUnited by 50.6% in the 1st quarter. Eagle Bay Advisors LLC now owns 3,721 shares of the financial services provider’s stock worth $34,000 after buying an additional 1,251 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of BankUnited by 31.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,100 shares of the financial services provider’s stock valued at $71,000 after buying an additional 500 shares during the period. Advisor Group Holdings Inc. boosted its stake in shares of BankUnited by 83.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,918 shares of the financial services provider’s stock worth $99,000 after buying an additional 1,327 shares during the last quarter. SG Americas Securities LLC grew its holdings in BankUnited by 14.7% during the first quarter. SG Americas Securities LLC now owns 5,310 shares of the financial services provider’s stock worth $120,000 after acquiring an additional 680 shares during the period. Finally, Clear Street Markets LLC acquired a new position in BankUnited in the fourth quarter valued at approximately $134,000. 99.70% of the stock is owned by institutional investors and hedge funds.

BankUnited Stock Performance

Shares of NYSE:BKU opened at $25.66 on Monday. The company has a debt-to-equity ratio of 2.37, a current ratio of 0.93 and a quick ratio of 0.93. BankUnited, Inc. has a 1 year low of $15.83 and a 1 year high of $40.22. The firm has a market capitalization of $1.91 billion, a PE ratio of 7.50 and a beta of 1.26. The business’s 50 day moving average price is $25.43 and its 200-day moving average price is $24.86.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.78 EPS for the quarter, hitting the consensus estimate of $0.78. BankUnited had a return on equity of 10.60% and a net margin of 15.26%. The firm had revenue of $488.91 million during the quarter, compared to analysts’ expectations of $247.56 million. During the same period in the previous year, the business earned $0.82 earnings per share. As a group, equities research analysts expect that BankUnited, Inc. will post 2.89 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend was Thursday, July 13th. BankUnited’s payout ratio is 31.58%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on BKU. 58.com reiterated a “maintains” rating on shares of BankUnited in a research note on Thursday, June 29th. Royal Bank of Canada lifted their price target on BankUnited from $25.00 to $29.00 in a research note on Wednesday, July 26th. JPMorgan Chase & Co. increased their price target on BankUnited from $23.00 to $25.00 in a research report on Thursday, June 29th. Compass Point raised their price objective on BankUnited from $30.00 to $33.00 in a report on Wednesday, July 26th. Finally, StockNews.com assumed coverage on BankUnited in a research report on Thursday, August 17th. They set a “sell” rating on the stock. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $27.83.

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.