Natixis Advisors L.P. Has $760,000 Stock Holdings in BankUnited, Inc. (NYSE:BKU)

Natixis Advisors L.P. increased its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 31.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 33,650 shares of the financial services provider’s stock after purchasing an additional 8,050 shares during the period. Natixis Advisors L.P.’s holdings in BankUnited were worth $760,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. T. Rowe Price Investment Management Inc. lifted its position in shares of BankUnited by 4.7% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 6,828,561 shares of the financial services provider’s stock worth $231,967,000 after purchasing an additional 306,521 shares during the last quarter. State Street Corp raised its holdings in BankUnited by 4.7% in the 1st quarter. State Street Corp now owns 5,684,665 shares of the financial services provider’s stock valued at $249,898,000 after acquiring an additional 252,653 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in BankUnited by 5.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,754,800 shares of the financial services provider’s stock valued at $161,519,000 after acquiring an additional 227,951 shares in the last quarter. American Century Companies Inc. raised its holdings in BankUnited by 6.7% in the 1st quarter. American Century Companies Inc. now owns 2,715,116 shares of the financial services provider’s stock valued at $61,307,000 after acquiring an additional 169,619 shares in the last quarter. Finally, LSV Asset Management raised its holdings in BankUnited by 1,361.6% in the 1st quarter. LSV Asset Management now owns 2,217,250 shares of the financial services provider’s stock valued at $50,066,000 after acquiring an additional 2,065,550 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Analysts Set New Price Targets

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

BankUnited Stock Down 3.2 %

NYSE BKU opened at $25.62 on Thursday. The firm has a market cap of $1.91 billion, a PE ratio of 7.49 and a beta of 1.27. BankUnited, Inc. has a one year low of $15.83 and a one year high of $40.22. The stock’s 50 day simple moving average is $26.13 and its 200 day simple moving average is $24.21. 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 (NYSE:BKU) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.78 EPS for the quarter, hitting analysts’ consensus estimates of $0.78. The business had revenue of $488.91 million for the quarter, compared to analyst estimates of $247.56 million. BankUnited had a return on equity of 10.60% and a net margin of 15.26%. During the same period in the prior year, the company earned $0.82 EPS. As a group, sell-side analysts forecast that BankUnited, Inc. will post 2.89 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The firm 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. The ex-dividend date of this dividend was Thursday, July 13th. This represents a $1.08 dividend on an annualized basis and a yield of 4.22%. BankUnited’s dividend payout ratio (DPR) is presently 31.58%.

About BankUnited

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.