Vanguard Personalized Indexing Management LLC Boosts Stock Position in BankUnited, Inc. $BKU

Vanguard Personalized Indexing Management LLC boosted its holdings in BankUnited, Inc. (NYSE:BKU) by 7.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,262 shares of the financial services provider’s stock after purchasing an additional 1,184 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in BankUnited were worth $579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. American Century Companies Inc. boosted its position in BankUnited by 6.2% in the first quarter. American Century Companies Inc. now owns 1,849,271 shares of the financial services provider’s stock worth $63,689,000 after purchasing an additional 107,962 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of BankUnited by 3.8% during the 1st quarter. Ameriprise Financial Inc. now owns 1,461,439 shares of the financial services provider’s stock valued at $50,332,000 after buying an additional 53,905 shares during the last quarter. Royce & Associates LP lifted its position in shares of BankUnited by 8.8% during the 1st quarter. Royce & Associates LP now owns 1,250,997 shares of the financial services provider’s stock valued at $43,084,000 after buying an additional 101,170 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of BankUnited by 893.2% during 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 buying an additional 1,035,002 shares during the last quarter. Finally, 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 valued at $36,496,000 after purchasing an additional 285,092 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Insider Activity at BankUnited

In other news, Director Douglas J. Pauls sold 3,500 shares of the 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 transaction, the director owned 43,205 shares of the company’s stock, valued at approximately $1,675,921.95. This represents a 7.49% 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, 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 directly owned 39,193 shares of the company’s stock, valued at $1,521,080.33. This represents a 9.14% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on BKU. Citigroup boosted their price objective on BankUnited from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Wells Fargo & Company boosted their price objective on BankUnited from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, July 24th. 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 target price on BankUnited from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Monday, July 28th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of BankUnited in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $41.91.

BankUnited Price Performance

BKU opened at $36.85 on Wednesday. The stock has a 50-day moving average price of $38.38 and a 200-day moving average price of $36.03. BankUnited, Inc. has a 12-month low of $28.21 and a 12-month high of $44.45. 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 stock has a market capitalization of $2.77 billion, a P/E ratio of 10.81 and a beta of 1.27.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.12. The firm had revenue of $273.93 million during the quarter, compared to analysts’ expectations of $267.17 million. BankUnited had a return on equity of 9.00% and a net margin of 13.19%.During the same period in the prior year, the business earned $0.72 EPS. Equities analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, October 10th. This represents a $1.24 annualized dividend and a yield of 3.4%. BankUnited’s dividend payout ratio is currently 36.36%.

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.