Invesco Ltd. Has $13.72 Million Position in BankUnited, Inc. (NYSE:BKU)

Invesco Ltd. decreased its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 24.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 359,541 shares of the financial services provider’s stock after selling 115,502 shares during the period. Invesco Ltd. owned approximately 0.48% of BankUnited worth $13,724,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in BankUnited by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider’s stock valued at $366,392,000 after purchasing an additional 181,493 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in BankUnited by 12.9% during the fourth quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider’s stock worth $107,696,000 after buying an additional 322,368 shares in the last quarter. Royce & Associates LP raised its position in BankUnited by 3.3% in the 4th quarter. Royce & Associates LP now owns 1,149,827 shares of the financial services provider’s stock valued at $43,889,000 after buying an additional 36,328 shares during the last quarter. Federated Hermes Inc. boosted its holdings in BankUnited by 18.0% during the 4th quarter. Federated Hermes Inc. now owns 530,938 shares of the financial services provider’s stock worth $20,266,000 after acquiring an additional 80,995 shares during the last quarter. Finally, Fisher Asset Management LLC grew its stake in shares of BankUnited by 22.5% in the 4th quarter. Fisher Asset Management LLC now owns 403,000 shares of the financial services provider’s stock worth $15,383,000 after acquiring an additional 74,000 shares in the last quarter. 99.70% of the stock is owned by institutional investors.

Insider Buying and Selling at BankUnited

In other news, insider Kevin A. Malcolm sold 3,234 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total value of $113,772.12. Following the transaction, the insider now owns 12,250 shares of the company’s stock, valued at approximately $430,955. This represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Sanjiv Sobti acquired 1,000 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $32.83 per share, for a total transaction of $32,830.00. Following the transaction, the director now directly owns 21,782 shares of the company’s stock, valued at $715,103.06. This represents a 4.81 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.19% of the company’s stock.

BankUnited Stock Performance

NYSE BKU opened at $30.69 on Tuesday. The company’s 50 day moving average is $34.29 and its 200-day moving average is $37.41. The firm has a market cap of $2.31 billion, a P/E ratio of 9.96 and a beta of 1.20. BankUnited, Inc. has a 12-month low of $26.69 and a 12-month high of $44.45. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter in the prior year, the company earned $0.26 EPS. Sell-side analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be paid a $0.31 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.24 annualized dividend and a yield of 4.04%. This is an increase from BankUnited’s previous quarterly dividend of $0.29. BankUnited’s dividend payout ratio (DPR) is currently 40.26%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Barclays cut their price target on shares of BankUnited from $44.00 to $38.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada increased their price target on BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research report on Thursday, January 23rd. Piper Sandler raised BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price objective on the stock in a research report on Tuesday, March 11th. StockNews.com lowered BankUnited from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Finally, Wells Fargo & Company reduced their price target on shares of BankUnited from $50.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.18.

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.