Allianz Asset Management GmbH Increases Stock Holdings in BankUnited, Inc. $BKU

Allianz Asset Management GmbH increased its stake in BankUnited, Inc. (NYSE:BKU) by 24.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 452,325 shares of the financial services provider’s stock after acquiring an additional 88,522 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.60% of BankUnited worth $17,261,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Strs Ohio purchased a new stake in shares of BankUnited during the first quarter worth about $28,000. Salomon & Ludwin LLC purchased a new position in BankUnited in the 3rd quarter valued at about $34,000. Bayforest Capital Ltd boosted its holdings in BankUnited by 32.3% in the 2nd quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock worth $40,000 after buying an additional 271 shares during the last quarter. Covestor Ltd boosted its holdings in BankUnited by 7,588.9% in the 3rd quarter. Covestor Ltd now owns 1,384 shares of the financial services provider’s stock worth $53,000 after buying an additional 1,366 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in BankUnited by 4,293.5% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,362 shares of the financial services provider’s stock worth $53,000 after buying an additional 1,331 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BKU shares. Susquehanna raised shares of BankUnited to a “positive” rating in a research note on Wednesday, January 21st. Piper Sandler upped their price objective on shares of BankUnited from $42.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods raised their target price on shares of BankUnited from $42.00 to $55.00 and gave the stock a “market perform” rating in a research note on Thursday, January 22nd. Jefferies Financial Group lowered their target price on BankUnited from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Monday, February 2nd. Finally, Citigroup upped their price target on BankUnited from $49.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, January 23rd. Seven research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $52.45.

Insider Transactions at BankUnited

In other news, insider Jay D. Richards sold 3,506 shares of BankUnited stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $49.83, for a total value of $174,703.98. Following the completion of the transaction, the insider owned 35,687 shares in the company, valued at approximately $1,778,283.21. This trade represents a 8.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.15% of the company’s stock.

BankUnited Stock Up 1.5%

Shares of NYSE BKU opened at $50.95 on Friday. The company has a market capitalization of $3.83 billion, a P/E ratio of 14.39 and a beta of 1.31. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.82 and a quick ratio of 0.83. The company has a 50 day simple moving average of $46.23 and a 200-day simple moving average of $41.33. BankUnited, Inc. has a 1 year low of $28.21 and a 1 year high of $52.11.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.94 EPS for the quarter, topping the consensus estimate of $0.85 by $0.09. BankUnited had a net margin of 14.14% and a return on equity of 9.09%. The firm had revenue of $288.20 million for the quarter, compared to analyst estimates of $279.76 million. During the same period in the prior year, the business posted $0.91 EPS. On average, equities research analysts predict 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 Friday, January 30th. Investors of record on Friday, January 9th were issued a $0.31 dividend. The ex-dividend date was Friday, January 9th. This represents a $1.24 dividend on an annualized basis and a yield of 2.4%. BankUnited’s dividend payout ratio (DPR) is 35.03%.

About BankUnited

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.