Vanguard Group Inc. Has $350.57 Million Holdings in BankUnited, Inc. $BKU

Vanguard Group Inc. lessened its holdings in BankUnited, Inc. (NYSE:BKU) by 2.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,186,739 shares of the financial services provider’s stock after selling 261,294 shares during the quarter. Vanguard Group Inc. owned 12.21% of BankUnited worth $350,566,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Smartleaf Asset Management LLC increased 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 grew its holdings in shares of BankUnited by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 22,256 shares of the financial services provider’s stock valued at $849,000 after acquiring an additional 298 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of BankUnited by 7.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,132 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 368 shares in the last quarter. Amalgamated Bank increased 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 acquiring an additional 393 shares during the last quarter. Finally, Savant Capital LLC raised its holdings in BankUnited by 1.8% during the third quarter. Savant Capital LLC now owns 23,826 shares of the financial services provider’s stock worth $909,000 after acquiring an additional 432 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Insider Buying and Selling at BankUnited

In other news, insider Jay D. Richards sold 3,506 shares of the business’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $49.83, for a total value of $174,703.98. Following the completion of the sale, the insider owned 35,687 shares of the company’s stock, valued at approximately $1,778,283.21. The trade was a 8.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sanjiv Sobti sold 5,000 shares of the company’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $50.88, for a total transaction of $254,400.00. Following the completion of the transaction, the director owned 18,816 shares in the company, valued at $957,358.08. This trade represents a 20.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.15% of the company’s stock.

BankUnited Trading Up 1.9%

Shares of BankUnited stock opened at $49.52 on Friday. 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 business has a fifty day simple moving average of $47.32 and a two-hundred day simple moving average of $42.48. BankUnited, Inc. has a 1 year low of $28.21 and a 1 year high of $52.11. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 13.99 and a beta of 1.31.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.09. The company had revenue of $260.80 million for the quarter, compared to analyst estimates of $279.76 million. BankUnited had a net margin of 14.14% and a return on equity of 9.09%. During the same period in the prior year, the firm earned $0.91 earnings per share. Research analysts forecast that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 9th were issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Friday, January 9th. BankUnited’s dividend payout ratio (DPR) is presently 35.03%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BKU shares. Keefe, Bruyette & Woods raised their price target on BankUnited from $42.00 to $55.00 and gave the company a “market perform” rating in a research note on Thursday, January 22nd. Susquehanna raised BankUnited to a “positive” rating in a report on Wednesday, January 21st. Piper Sandler boosted their target price on shares of BankUnited from $42.00 to $52.00 and gave the stock a “neutral” rating in a report on Thursday, January 22nd. Zacks Research upgraded shares of BankUnited from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Finally, Wells Fargo & Company lifted their price objective on shares of BankUnited from $42.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.45.

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.