Zurcher Kantonalbank Zurich Cantonalbank Has $722,000 Stock Position in BankUnited, Inc. (NYSE:BKU)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of BankUnited, Inc. (NYSE:BKU) by 8.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,974 shares of the financial services provider’s stock after acquiring an additional 1,682 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in BankUnited were worth $722,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of BKU. CWM LLC raised its stake in shares of BankUnited by 31.7% during the 1st quarter. CWM LLC now owns 7,464 shares of the financial services provider’s stock worth $257,000 after purchasing an additional 1,798 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of BankUnited by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 372,237 shares of the financial services provider’s stock worth $12,820,000 after purchasing an additional 9,750 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in shares of BankUnited during the 1st quarter worth approximately $585,000. Bank of New York Mellon Corp raised its stake in shares of BankUnited by 36.8% during the 1st quarter. Bank of New York Mellon Corp now owns 1,059,697 shares of the financial services provider’s stock worth $36,496,000 after purchasing an additional 285,092 shares in the last quarter. Finally, New York State Teachers Retirement System raised its stake in shares of BankUnited by 20.6% during the 1st quarter. New York State Teachers Retirement System now owns 31,614 shares of the financial services provider’s stock worth $1,089,000 after purchasing an additional 5,395 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Jefferies Financial Group assumed coverage on BankUnited in a research note on Wednesday, May 21st. They issued a “hold” rating and a $39.00 price target on the stock. Wall Street Zen upgraded BankUnited from a “sell” rating to a “hold” rating in a research note on Saturday, July 26th. Keefe, Bruyette & Woods upped their price objective on BankUnited from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Monday, July 28th. Citigroup upped their price objective on BankUnited from $36.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Finally, The Goldman Sachs Group decreased their price objective on BankUnited from $38.00 to $34.00 and set a “sell” rating on the stock in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, BankUnited has a consensus rating of “Hold” and an average target price of $41.55.

BankUnited Trading Down 0.5%

Shares of BKU stock opened at $35.64 on Thursday. The company has a market cap of $2.68 billion, a P/E ratio of 10.45 and a beta of 1.32. The stock has a 50 day simple moving average of $36.03 and a two-hundred day simple moving average of $35.67. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.84 and a current ratio of 0.84. BankUnited, Inc. has a fifty-two week low of $28.21 and a fifty-two week high of $44.45.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.79 by $0.12. The firm had revenue of $273.93 million during the quarter, compared to the consensus estimate of $267.17 million. BankUnited had a return on equity of 9.00% and a net margin of 13.19%. During the same quarter in the previous year, the company posted $0.72 earnings per share. Research analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.24 annualized dividend and a dividend yield of 3.5%. BankUnited’s payout ratio is presently 36.36%.

Insider Activity at BankUnited

In related news, Director Douglas J. Pauls sold 3,500 shares of BankUnited stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $38.79, for a total transaction of $135,765.00. Following the transaction, the director owned 43,205 shares of the company’s stock, valued at $1,675,921.95. The trade was a 7.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jay D. Richards sold 3,942 shares of the business’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $38.81, for a total value of $152,989.02. Following the completion of the transaction, the insider directly owned 39,193 shares in the company, valued at approximately $1,521,080.33. This represents a 9.14% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 8,442 shares of company stock valued at $323,184 over the last 90 days. Insiders own 1.15% of the company’s stock.

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.