Dimensional Fund Advisors LP Has $175.40 Million Position in BankUnited, Inc. $BKU

Dimensional Fund Advisors LP lifted its stake in shares of BankUnited, Inc. (NYSE:BKU) by 1.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,596,455 shares of the financial services provider’s stock after buying an additional 51,926 shares during the quarter. Dimensional Fund Advisors LP owned about 6.12% of BankUnited worth $175,400,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in BankUnited by 23.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,452 shares of the financial services provider’s stock valued at $55,000 after buying an additional 276 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of BankUnited by 1.4% during the third quarter. Arizona State Retirement System now owns 22,256 shares of the financial services provider’s stock worth $849,000 after acquiring an additional 298 shares during the period. GAMMA Investing LLC boosted its holdings in shares of BankUnited by 7.7% during the third quarter. GAMMA Investing LLC now owns 5,132 shares of the financial services provider’s stock worth $196,000 after acquiring an additional 368 shares during the period. Amalgamated Bank grew its position in shares of BankUnited by 1.8% in the third quarter. Amalgamated Bank now owns 21,812 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 393 shares during the last quarter. Finally, Savant Capital LLC grew its position in shares of BankUnited by 1.8% in the third quarter. Savant Capital LLC now owns 23,826 shares of the financial services provider’s stock valued at $909,000 after purchasing an additional 432 shares during the last quarter. Institutional investors own 99.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BKU. Susquehanna upgraded BankUnited to a “positive” rating in a research note on Wednesday, January 21st. Zacks Research upgraded BankUnited from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Keefe, Bruyette & Woods lifted their target price on BankUnited from $42.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, January 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of BankUnited in a research report on Wednesday, January 21st. Finally, Barclays upped their price target on shares of BankUnited from $47.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, BankUnited presently has an average rating of “Moderate Buy” and a consensus price target of $53.55.

Insider Activity

In other news, insider Kevin A. Malcolm sold 3,447 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $47.11, for a total transaction of $162,388.17. Following the completion of the sale, the insider owned 11,500 shares of the company’s stock, valued at approximately $541,765. This represents a 23.06% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jay D. Richards sold 3,506 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $49.83, for a total transaction of $174,703.98. Following the sale, the insider owned 35,687 shares in the company, valued at $1,778,283.21. This represents a 8.95% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 11,953 shares of company stock worth $591,492. 1.15% of the stock is currently owned by corporate insiders.

BankUnited Price Performance

Shares of NYSE BKU opened at $45.00 on Tuesday. The business has a fifty day moving average price of $47.48 and a two-hundred day moving average price of $43.01. The stock has a market capitalization of $3.31 billion, a PE ratio of 12.71 and a beta of 1.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.82 and a quick ratio of 0.82. BankUnited, Inc. has a fifty-two week low of $28.21 and a fifty-two week high of $52.11.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. The company had revenue of $260.80 million for the quarter, compared to analysts’ expectations of $279.76 million. BankUnited had a return on equity of 9.09% and a net margin of 14.14%.During the same quarter last year, the business earned $0.91 earnings per share. As a group, equities analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Friday, January 9th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, January 9th. BankUnited’s dividend payout ratio (DPR) is currently 35.03%.

BankUnited Company Profile

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.