BankUnited, Inc. (NYSE:BKU) Shares Bought by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC raised its position in BankUnited, Inc. (NYSE:BKU) by 8.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,914 shares of the financial services provider’s stock after purchasing an additional 1,043 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in BankUnited were worth $378,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of BankUnited by 307.6% in the 2nd quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,455 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of BankUnited in the 1st quarter worth approximately $57,000. Meeder Asset Management Inc. acquired a new position in shares of BankUnited in the 2nd quarter worth approximately $74,000. Picton Mahoney Asset Management acquired a new position in shares of BankUnited in the 2nd quarter worth approximately $175,000. Finally, Neo Ivy Capital Management acquired a new position in shares of BankUnited in the 4th quarter worth approximately $238,000. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Trading Down 0.4 %

Shares of NYSE:BKU opened at $35.57 on Friday. BankUnited, Inc. has a 52 week low of $20.84 and a 52 week high of $39.51. The company’s 50 day moving average is $36.62 and its two-hundred day moving average is $31.20. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.22. The company has a market cap of $2.66 billion, a PE ratio of 15.33 and a beta of 1.33.

BankUnited (NYSE:BKU) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The firm had revenue of $250.20 million for the quarter, compared to the consensus estimate of $243.65 million. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. The company’s revenue was up 4.5% on a year-over-year basis. During the same period last year, the firm posted $0.78 EPS. Equities analysts predict that BankUnited, Inc. will post 2.88 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 11th will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, October 11th. BankUnited’s dividend payout ratio (DPR) is 50.00%.

Insider Activity at BankUnited

In related news, Director William S. Rubenstein sold 7,864 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total value of $303,314.48. Following the transaction, the director now directly owns 10,282 shares of the company’s stock, valued at approximately $396,576.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director William S. Rubenstein sold 7,864 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total transaction of $303,314.48. Following the completion of the sale, the director now owns 10,282 shares in the company, valued at approximately $396,576.74. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Douglas J. Pauls sold 3,500 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $36.50, for a total transaction of $127,750.00. Following the sale, the director now owns 43,654 shares of the company’s stock, valued at approximately $1,593,371. The disclosure for this sale can be found here. Insiders have sold 21,507 shares of company stock valued at $802,400 in the last ninety days. Insiders own 1.19% of the company’s stock.

Analyst Upgrades and Downgrades

BKU has been the topic of several recent analyst reports. Citigroup decreased their price objective on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Wedbush upped their target price on shares of BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday. Hovde Group upped their target price on shares of BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Wells Fargo & Company upped their target price on shares of BankUnited from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Monday, July 22nd. Finally, Barclays upped their target price on shares of BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $35.50.

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.