BankUnited, Inc. (NYSE:BKU) Shares Acquired by New York State Teachers Retirement System

New York State Teachers Retirement System grew its stake in BankUnited, Inc. (NYSE:BKU) by 20.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,614 shares of the financial services provider’s stock after purchasing an additional 5,395 shares during the quarter. New York State Teachers Retirement System’s holdings in BankUnited were worth $1,089,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Nomura Asset Management Co. Ltd. grew 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 purchasing an additional 410 shares during the period. Summit Investment Advisors Inc. grew its position in shares of BankUnited by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 495 shares during the period. Atria Investments Inc grew its position in shares of BankUnited by 7.2% in the fourth quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider’s stock valued at $314,000 after purchasing an additional 555 shares during the period. Bank of Montreal Can grew its position in shares of BankUnited by 4.1% in the fourth quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider’s stock valued at $579,000 after purchasing an additional 593 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in BankUnited by 14.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,174 shares of the financial services provider’s stock worth $274,000 after acquiring an additional 932 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Wall Street Analysts Forecast Growth

BKU has been the topic of a number of recent research reports. Barclays boosted their price target on shares of BankUnited from $38.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Tuesday. 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 research report on Tuesday, April 29th. Hovde Group lowered their price target on shares of BankUnited from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. 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 research report on Wednesday, April 9th. Finally, The Goldman Sachs Group lowered their price target on shares of BankUnited from $38.00 to $34.00 and set a “sell” rating on the stock in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $40.58.

Insider Buying and Selling

In other news, Director John N. Digiacomo sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $34.43, for a total value of $34,430.00. Following the sale, the director directly owned 14,516 shares of the company’s stock, valued at approximately $499,785.88. The trade was a 6.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Leslie Lunak sold 22,776 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The shares were 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 directly owned 59,899 shares in the company, valued at $2,010,210.44. This trade represents a 27.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by insiders.

BankUnited Stock Performance

NYSE:BKU opened at $37.47 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of 11.64 and a beta of 1.29. The company’s 50-day moving average is $34.98 and its two-hundred day moving average is $35.83. BankUnited, Inc. has a 1-year low of $28.21 and a 1-year high of $44.45.

BankUnited (NYSE:BKU) last posted its earnings results on Monday, April 28th. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. The company had revenue of $255.41 million for the quarter, compared to analyst estimates of $264.35 million. BankUnited had a net margin of 12.26% and a return on equity of 8.66%. During the same period in the previous year, the business posted $0.64 EPS. Analysts forecast that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Stockholders of record on Friday, July 11th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date is Friday, July 11th. BankUnited’s dividend payout ratio (DPR) is 38.51%.

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.