Deutsche Bank AG Increases Position in BankUnited, Inc. (NYSE:BKU)

Deutsche Bank AG increased its stake in shares of BankUnited, Inc. (NYSE:BKU) by 36.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,257 shares of the financial services provider’s stock after buying an additional 21,321 shares during the quarter. Deutsche Bank AG owned about 0.11% of BankUnited worth $3,025,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. grew its holdings in shares of BankUnited by 42.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock valued at $53,000 after buying an additional 410 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in shares of BankUnited by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider’s stock valued at $298,000 after buying an additional 495 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of BankUnited by 182.3% during the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock valued at $31,000 after buying an additional 547 shares during the last quarter. Atria Investments Inc grew its holdings in shares of BankUnited by 7.2% during the fourth quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider’s stock valued at $314,000 after buying an additional 555 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of BankUnited by 4.1% during the fourth quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider’s stock valued at $579,000 after buying an additional 593 shares during the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company lowered their price target on shares of BankUnited from $50.00 to $42.00 and set an “overweight” rating on the stock in a report on Wednesday, April 9th. Barclays lowered 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. Piper Sandler raised 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 lowered their price target on shares of BankUnited from $42.00 to $40.00 and set a “sector perform” rating on the stock in a report on Tuesday, April 29th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of BankUnited from $40.00 to $38.00 and set a “market perform” rating on the stock in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, BankUnited has a consensus rating of “Hold” and an average price target of $40.42.

BankUnited Trading Down 4.3%

Shares of BankUnited stock opened at $34.32 on Thursday. The firm has a 50-day simple moving average of $33.25 and a two-hundred day simple moving average of $37.14. The company has a market cap of $2.58 billion, a P/E ratio of 11.14 and a beta of 1.29. BankUnited, Inc. has a fifty-two week low of $26.78 and a fifty-two week high of $44.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.04. The business had revenue of $255.41 million during the quarter, compared to the consensus estimate of $264.35 million. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same quarter in the prior year, the firm posted $0.64 earnings per share. As a group, equities analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, April 11th. This is a positive change from BankUnited’s previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 3.61%. BankUnited’s dividend payout ratio (DPR) is currently 38.51%.

Insider Activity at BankUnited

In other BankUnited news, Director Sanjiv Sobti acquired 1,000 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $32.83 per share, for a total transaction of $32,830.00. Following the acquisition, the director now owns 21,782 shares in the company, valued at approximately $715,103.06. The trade was a 4.81% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kevin A. Malcolm sold 3,234 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total transaction of $113,772.12. Following the completion of 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. 1.15% of the stock is currently owned by corporate insiders.

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.