8,242 Shares in BankUnited, Inc. $BKU Acquired by Vident Advisory LLC

Vident Advisory LLC acquired a new position in BankUnited, Inc. (NYSE:BKU) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 8,242 shares of the financial services provider’s stock, valued at approximately $284,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in BankUnited by 32.0% during the 4th quarter. Bank of America Corp DE now owns 562,417 shares of the financial services provider’s stock worth $21,467,000 after acquiring an additional 136,343 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in BankUnited during the 4th quarter worth about $1,032,000. Deutsche Bank AG boosted its position in BankUnited by 36.8% during the 4th quarter. Deutsche Bank AG now owns 79,257 shares of the financial services provider’s stock worth $3,025,000 after acquiring an additional 21,321 shares during the period. Ethic Inc. boosted its position in BankUnited by 25.6% during the 4th quarter. Ethic Inc. now owns 10,167 shares of the financial services provider’s stock worth $388,000 after acquiring an additional 2,075 shares during the period. Finally, Lazard Asset Management LLC boosted its position in BankUnited by 29.2% during the 4th quarter. Lazard Asset Management LLC now owns 286,475 shares of the financial services provider’s stock worth $10,933,000 after acquiring an additional 64,803 shares during the period. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Stock Down 0.7%

BKU opened at $38.38 on Wednesday. The business has a 50 day moving average price of $37.73 and a 200 day moving average price of $35.24. BankUnited, Inc. has a twelve month low of $28.21 and a twelve month high of $44.45. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $2.89 billion, a P/E ratio of 11.26 and a beta of 1.29.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.12. BankUnited had a return on equity of 9.00% and a net margin of 13.19%.The firm had revenue of $273.93 million during the quarter, compared to analyst estimates of $267.17 million. During the same period in the previous year, the company earned $0.72 EPS. Research analysts forecast that BankUnited, Inc. will post 3.13 EPS 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 issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 3.2%. The ex-dividend date was Friday, July 11th. BankUnited’s payout ratio is 36.36%.

Analyst Ratings Changes

A number of equities research analysts have commented on BKU shares. Wells Fargo & Company raised their price objective on BankUnited from $42.00 to $45.00 and gave the stock an “overweight” rating 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. Piper Sandler restated 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. Keefe, Bruyette & Woods lifted their price target on BankUnited from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Monday, July 28th. Finally, Citigroup lifted their price target on BankUnited from $36.00 to $38.00 and gave the company a “neutral” rating in a report on Wednesday, July 2nd. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, BankUnited currently has an average rating of “Hold” and a consensus target price of $41.55.

Insider Activity at BankUnited

In related news, insider Jay D. Richards sold 3,942 shares of the business’s 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 sale, the insider directly owned 39,193 shares in the company, valued at approximately $1,521,080.33. The trade was a 9.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas J. Pauls sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $38.79, for a total value of $135,765.00. Following the completion of the sale, the director owned 43,205 shares of the company’s stock, valued at approximately $1,675,921.95. This trade represents a 7.49% 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 Company 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.