BankUnited, Inc. (NYSE:BKU) Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in BankUnited, Inc. (NYSE:BKU) by 46.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,932 shares of the financial services provider’s stock after purchasing an additional 6,600 shares during the period. Handelsbanken Fonder AB’s holdings in BankUnited were worth $721,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its position in shares of 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 valued at $53,000 after buying an additional 410 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in BankUnited by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider’s stock valued at $298,000 after acquiring an additional 495 shares during the last quarter. Blue Trust Inc. increased its holdings in BankUnited by 182.3% during the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 547 shares in the last quarter. Atria Investments Inc increased its holdings in BankUnited by 7.2% during the 4th quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider’s stock valued at $314,000 after acquiring an additional 555 shares in the last quarter. Finally, Bank of Montreal Can raised its position in BankUnited by 4.1% during the fourth quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider’s stock worth $579,000 after acquiring an additional 593 shares during the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

BankUnited Price Performance

BankUnited stock opened at $33.68 on Monday. BankUnited, Inc. has a 1 year low of $26.88 and a 1 year 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. The firm has a 50 day moving average price of $33.50 and a 200 day moving average price of $36.37. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 10.94 and a beta of 1.30.

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

BankUnited Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.68%. This is an increase from BankUnited’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, April 11th. BankUnited’s dividend payout ratio (DPR) is 38.51%.

Insider Activity

In other BankUnited news, Director John N. Digiacomo sold 1,000 shares of BankUnited stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $34.43, for a total transaction of $34,430.00. Following the transaction, the director now directly owns 14,516 shares of the company’s stock, valued at $499,785.88. The trade was a 6.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Leslie Lunak sold 22,776 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $33.56, for a total transaction of $764,362.56. Following the completion of the sale, the chief financial officer now directly owns 59,899 shares of the company’s stock, valued at $2,010,210.44. The trade was a 27.55% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BKU shares. Hovde Group dropped their price objective on shares of BankUnited from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday, March 25th. Keefe, Bruyette & Woods dropped their price target on BankUnited from $40.00 to $38.00 and set a “market perform” rating for the company in a research report on Wednesday, April 30th. Barclays reduced their price objective on BankUnited from $44.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company dropped their price objective on BankUnited from $50.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. Finally, Jefferies Financial Group started coverage on shares of BankUnited in a research note on Wednesday, May 21st. They issued a “hold” rating and a $39.00 target price for the company. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, BankUnited currently has an average rating of “Hold” and an average target price of $40.42.

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.