BankUnited, Inc. (NYSE:BKU) Stock Position Decreased by California Public Employees Retirement System

California Public Employees Retirement System cut its position in shares of BankUnited, Inc. (NYSE:BKU) by 13.8% in the fourth quarter, Holdings Channel reports. The firm owned 140,676 shares of the financial services provider’s stock after selling 22,528 shares during the period. California Public Employees Retirement System’s holdings in BankUnited were worth $4,562,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BKU. Nisa Investment Advisors LLC raised its stake in shares of BankUnited by 106.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,879 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 2,000 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in BankUnited by 16.4% in the 3rd quarter. PNC Financial Services Group Inc. now owns 10,173 shares of the financial services provider’s stock valued at $231,000 after buying an additional 1,434 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in BankUnited by 29.4% in the 3rd quarter. Janney Montgomery Scott LLC now owns 13,209 shares of the financial services provider’s stock valued at $300,000 after buying an additional 3,003 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in BankUnited by 20.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,373 shares of the financial services provider’s stock valued at $372,000 after buying an additional 2,834 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in BankUnited in the 3rd quarter valued at approximately $387,000. 99.70% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at BankUnited

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

BankUnited Price Performance

Shares of BKU stock opened at $28.85 on Friday. The stock’s fifty day simple moving average is $26.92 and its 200 day simple moving average is $27.43. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 12.44 and a beta of 1.34. BankUnited, Inc. has a one year low of $15.83 and a one year high of $34.22.

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

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 30th. Investors of record on Friday, April 12th were paid a $0.29 dividend. This is a positive change from BankUnited’s previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $1.16 annualized dividend and a yield of 4.02%. BankUnited’s payout ratio is currently 50.00%.

Analyst Ratings Changes

A number of analysts have issued reports on BKU shares. Barclays started coverage on BankUnited in a report on Friday, March 8th. They issued an “equal weight” rating and a $29.00 target price on the stock. StockNews.com raised BankUnited from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Keefe, Bruyette & Woods lowered their target price on BankUnited from $33.00 to $31.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Citigroup decreased their price objective on BankUnited from $34.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, January 29th. Finally, UBS Group lowered BankUnited from a “neutral” rating to a “sell” rating and set a $29.00 price objective on the stock. in a report on Monday, January 8th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.50.

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.