BankUnited, Inc. (NYSE:BKU) Stock Position Lifted by Bank of Montreal Can

Bank of Montreal Can boosted its stake in BankUnited, Inc. (NYSE:BKU) by 4.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,163 shares of the financial services provider’s stock after buying an additional 593 shares during the quarter. Bank of Montreal Can’s holdings in BankUnited were worth $579,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Blue Trust Inc. raised its stake in shares of BankUnited by 182.3% during the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 547 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in BankUnited by 42.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock worth $53,000 after buying an additional 410 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in BankUnited by 270.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock worth $74,000 after buying an additional 1,407 shares during the last quarter. R Squared Ltd bought a new position in BankUnited during the fourth quarter valued at approximately $113,000. Finally, KBC Group NV lifted its stake in BankUnited by 87.8% in the fourth quarter. KBC Group NV now owns 4,028 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 1,883 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BKU shares. Piper Sandler upgraded shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price target on the stock in a report on Tuesday, March 11th. Royal Bank of Canada boosted their price target on BankUnited from $42.00 to $43.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 23rd. Barclays lowered their price objective on BankUnited from $44.00 to $38.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Hovde Group reduced their target price on BankUnited from $46.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, March 25th. Finally, Wells Fargo & Company lowered their price target on BankUnited from $50.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.18.

Insider Buying and Selling at BankUnited

In other news, Director Sanjiv Sobti acquired 1,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $32.83 per share, for a total transaction of $32,830.00. Following the transaction, the director now owns 21,782 shares of the company’s stock, valued at approximately $715,103.06. This represents a 4.81 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Kevin A. Malcolm sold 3,234 shares of the business’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total value of $113,772.12. Following the sale, the insider now owns 12,250 shares of the company’s stock, valued at approximately $430,955. The trade was a 20.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.

BankUnited Price Performance

NYSE:BKU opened at $31.33 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. BankUnited, Inc. has a one year low of $26.69 and a one year high of $44.45. The company has a fifty day moving average price of $34.48 and a 200 day moving average price of $37.44. The stock has a market cap of $2.36 billion, a P/E ratio of 10.17 and a beta of 1.20.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same quarter last year, the company earned $0.26 earnings per share. Analysts anticipate that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be paid a $0.31 dividend. This is a positive change from BankUnited’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.24 annualized dividend and a yield of 3.96%. BankUnited’s payout ratio is currently 40.26%.

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.