BankUnited, Inc. $BKU Shares Acquired by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System lifted its position in BankUnited, Inc. (NYSE:BKU) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,104 shares of the financial services provider’s stock after purchasing an additional 304 shares during the period. Maryland State Retirement & Pension System’s holdings in BankUnited were worth $787,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BKU. Wellington Management Group LLP lifted its stake in shares of BankUnited by 893.2% in the 1st quarter. Wellington Management Group LLP now owns 1,150,879 shares of the financial services provider’s stock valued at $39,636,000 after purchasing an additional 1,035,002 shares during the period. Boston Partners acquired a new position in shares of BankUnited in the 1st quarter valued at $26,299,000. Kodai Capital Management LP acquired a new position in shares of BankUnited in the 1st quarter valued at $16,986,000. Nuveen LLC acquired a new position in shares of BankUnited in the 1st quarter valued at $16,338,000. Finally, Cramer Rosenthal Mcglynn LLC lifted its stake in shares of BankUnited by 64.9% in the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 806,468 shares of the financial services provider’s stock valued at $27,775,000 after purchasing an additional 317,532 shares during the period. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Trading Up 2.4%

NYSE BKU opened at $38.59 on Tuesday. The firm’s 50-day moving average is $38.22 and its two-hundred day moving average is $35.86. BankUnited, Inc. has a 12 month low of $28.21 and a 12 month high of $44.45. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $2.90 billion, a P/E ratio of 11.32 and a beta of 1.27.

BankUnited (NYSE:BKU) last posted its 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 net margin of 13.19% and a return on equity of 9.00%. The company had revenue of $273.93 million for the quarter, compared to analysts’ expectations of $267.17 million. During the same quarter in the prior year, the company posted $0.72 earnings per share. On average, sell-side analysts anticipate 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 will be paid on Friday, October 31st. Shareholders of record on Friday, October 10th will be given a $0.31 dividend. The ex-dividend date of this dividend is Friday, October 10th. This represents a $1.24 dividend on an annualized basis and a yield of 3.2%. BankUnited’s dividend payout ratio is presently 36.36%.

Insider Transactions at BankUnited

In other BankUnited news, insider Jay D. Richards sold 3,942 shares of the company’s stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $38.81, for a total value of $152,989.02. Following the transaction, the insider owned 39,193 shares of the company’s stock, valued at $1,521,080.33. This represents a 9.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Douglas J. Pauls sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $38.79, for a total transaction of $135,765.00. Following the completion of the transaction, the director directly owned 43,205 shares of the company’s stock, valued at approximately $1,675,921.95. The trade was a 7.49% 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 Analysts Forecast Growth

BKU has been the subject of several analyst reports. Citigroup boosted their target price on shares of BankUnited from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Keefe, Bruyette & Woods upped their price objective on shares of BankUnited from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Monday, July 28th. Wall Street Zen upgraded shares of BankUnited from a “sell” rating to a “hold” rating in a research report on Saturday, July 26th. Cantor Fitzgerald began coverage on shares of BankUnited in a research report on Wednesday, September 10th. They set an “overweight” rating and a $44.00 price objective for the company. Finally, Barclays upped their target price on shares of BankUnited from $41.00 to $43.00 and gave the stock an “equal weight” rating in a report on Thursday, July 24th. Five equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, BankUnited currently has a consensus rating of “Hold” and a consensus target price of $41.91.

About BankUnited

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.