Deutsche Bank AG Sells 6,018 Shares of BankUnited, Inc. $BKU

Deutsche Bank AG reduced its position in shares of BankUnited, Inc. (NYSE:BKU) by 7.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,239 shares of the financial services provider’s stock after selling 6,018 shares during the period. Deutsche Bank AG owned approximately 0.10% of BankUnited worth $2,522,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in BankUnited by 165.5% in the 1st quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider’s stock worth $65,000 after acquiring an additional 1,175 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BankUnited during the 4th quarter valued at about $73,000. Marshall Wace LLP purchased a new position in shares of BankUnited during the fourth quarter worth about $216,000. GTS Securities LLC bought a new position in shares of BankUnited in the fourth quarter worth approximately $261,000. Finally, James Investment Research Inc. purchased a new stake in BankUnited in the first quarter valued at approximately $245,000. Institutional investors own 99.70% of the company’s stock.

Insiders Place Their Bets

In other news, insider Jay D. Richards sold 3,942 shares of the stock in a transaction that occurred 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 owned 39,193 shares of the company’s stock, valued at approximately $1,521,080.33. This represents a 9.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas J. Pauls sold 3,500 shares of BankUnited stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $38.79, for a total value of $135,765.00. Following the sale, the director owned 43,205 shares in the company, valued at $1,675,921.95. This represents a 7.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,442 shares of company stock worth $323,184. 1.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently commented on BKU shares. Citigroup increased their price target on shares of BankUnited from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Wednesday, July 2nd. Barclays lifted their price target on BankUnited from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 24th. Piper Sandler reiterated a “neutral” rating and set a $43.00 price objective (up from $41.00) on shares of BankUnited in a research report on Thursday, July 24th. Royal Bank Of Canada restated a “sector perform” rating on shares of BankUnited in a research report on Thursday, July 24th. Finally, Jefferies Financial Group began coverage on shares of BankUnited in a research report on Wednesday, May 21st. They set a “hold” rating and a $39.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, BankUnited has an average rating of “Hold” and an average target price of $41.55.

BankUnited Stock Performance

BankUnited stock opened at $37.1390 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.76. The firm has a market cap of $2.79 billion, a P/E ratio of 10.89 and a beta of 1.32. BankUnited, Inc. has a 1-year low of $28.21 and a 1-year high of $44.45. The firm has a 50-day moving average of $36.52 and a 200-day moving average of $35.41.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.12. BankUnited had a return on equity of 9.00% and a net margin of 13.19%.The business had revenue of $273.93 million during the quarter, compared to analyst estimates of $267.17 million. During the same quarter in the prior year, the company posted $0.72 EPS. Sell-side analysts expect that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were issued a $0.31 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.24 annualized dividend and a yield of 3.3%. BankUnited’s payout ratio is 36.36%.

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.