Nisa Investment Advisors LLC Buys 2,000 Shares of BankUnited, Inc. (NYSE:BKU)

Nisa Investment Advisors LLC raised its stake in shares of BankUnited, Inc. (NYSE:BKU) by 106.4% in the 4th quarter, HoldingsChannel reports. The firm owned 3,879 shares of the financial services provider’s stock after purchasing an additional 2,000 shares during the period. Nisa Investment Advisors LLC’s holdings in BankUnited were worth $126,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Public Employees Retirement System of Ohio increased its stake in shares of BankUnited by 1.1% in the second quarter. Public Employees Retirement System of Ohio now owns 48,210 shares of the financial services provider’s stock worth $1,039,000 after buying an additional 512 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of BankUnited by 2.9% in the first quarter. PNC Financial Services Group Inc. now owns 18,775 shares of the financial services provider’s stock worth $826,000 after buying an additional 533 shares during the period. Captrust Financial Advisors increased its stake in shares of BankUnited by 13.9% in the third quarter. Captrust Financial Advisors now owns 6,355 shares of the financial services provider’s stock worth $217,000 after buying an additional 775 shares during the period. Engineers Gate Manager LP increased its stake in shares of BankUnited by 9.5% in the fourth quarter. Engineers Gate Manager LP now owns 11,891 shares of the financial services provider’s stock worth $404,000 after buying an additional 1,029 shares during the period. Finally, Natixis Advisors L.P. increased its stake in shares of BankUnited by 2.8% in the third quarter. Natixis Advisors L.P. now owns 40,891 shares of the financial services provider’s stock worth $928,000 after buying an additional 1,125 shares during the period. 99.70% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other BankUnited news, insider Kevin A. Malcolm sold 2,285 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $27.18, for a total value of $62,106.30. Following the completion of the transaction, the insider now owns 11,750 shares of the company’s stock, valued at approximately $319,365. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.19% of the stock is owned by insiders.

BankUnited Stock Performance

Shares of BankUnited stock opened at $26.71 on Friday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 11.51 and a beta of 1.36. The firm’s 50-day moving average is $26.79 and its 200 day moving average is $27.03. BankUnited, Inc. has a 1 year low of $15.83 and a 1 year high of $34.22. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.88 and a quick ratio of 0.92.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $508.35 million for the quarter, compared to analysts’ expectations of $239.84 million. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. During the same quarter in the previous year, the business posted $0.70 EPS. Sell-side analysts anticipate that BankUnited, Inc. will post 2.73 EPS for the current fiscal year.

BankUnited Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 12th will be given a $0.29 dividend. This is a positive change from BankUnited’s previous quarterly dividend of $0.27. The ex-dividend date is Thursday, April 11th. This represents a $1.16 dividend on an annualized basis and a yield of 4.34%. BankUnited’s payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Wedbush reduced their price objective on shares of BankUnited from $34.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, January 29th. UBS Group downgraded shares of BankUnited from a “neutral” rating to a “sell” rating and set a $29.00 price objective on the stock. in a research report on Monday, January 8th. Barclays began coverage on shares of BankUnited in a report on Friday, March 8th. They set an “equal weight” rating and a $29.00 target price on the stock. JPMorgan Chase & Co. dropped their target price on shares of BankUnited from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Thursday, April 4th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of BankUnited from $33.00 to $31.00 and set a “market perform” rating on the stock in a report on Thursday. Three analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $30.50.

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.