LSV Asset Management Decreases Stock Holdings in BankUnited, Inc. (NYSE:BKU)

LSV Asset Management lessened its holdings in BankUnited, Inc. (NYSE:BKU) by 38.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,218,590 shares of the financial services provider’s stock after selling 755,000 shares during the quarter. LSV Asset Management’s holdings in BankUnited were worth $46,514,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BKU. U S Wealth Group LLC. purchased a new position in shares of BankUnited in the 4th quarter valued at about $244,000. Bank of Montreal Can boosted its holdings in BankUnited by 4.1% in the fourth quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider’s stock valued at $579,000 after purchasing an additional 593 shares in the last quarter. Federated Hermes Inc. increased its stake in BankUnited by 18.0% in the fourth quarter. Federated Hermes Inc. now owns 530,938 shares of the financial services provider’s stock valued at $20,266,000 after purchasing an additional 80,995 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in BankUnited by 24.0% during the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 12,221 shares of the financial services provider’s stock worth $466,000 after purchasing an additional 2,368 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of BankUnited by 15.5% during the 4th quarter. Wells Fargo & Company MN now owns 125,822 shares of the financial services provider’s stock worth $4,803,000 after buying an additional 16,887 shares during the last quarter. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Trading Down 0.6 %

NYSE:BKU opened at $29.64 on Friday. BankUnited, Inc. has a 12-month low of $24.34 and a 12-month high of $44.45. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. The stock’s 50 day simple moving average is $35.49 and its 200-day simple moving average is $37.59. The firm has a market cap of $2.22 billion, a P/E ratio of 9.62 and a beta of 1.20.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same period in the previous year, the company posted $0.26 EPS. Equities analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be issued a dividend of $0.31 per share. This is a boost from BankUnited’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Friday, April 11th. BankUnited’s dividend payout ratio is currently 40.26%.

Insider Activity at BankUnited

In other BankUnited news, Director Sanjiv Sobti acquired 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average price of $32.83 per share, with a total value of $32,830.00. Following the completion of the acquisition, the director now directly owns 21,782 shares of the company’s stock, valued at approximately $715,103.06. The trade was a 4.81 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kevin A. Malcolm sold 3,234 shares of the firm’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total value of $113,772.12. Following the completion of the sale, the insider now directly owns 12,250 shares of the company’s stock, valued at approximately $430,955. This trade represents a 20.89 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts recently commented on BKU shares. Hovde Group dropped their target price on shares of BankUnited from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. Piper Sandler upgraded BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 target price on the stock in a research report on Tuesday, March 11th. Wells Fargo & Company decreased their target price on BankUnited from $50.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday. Barclays dropped their price target on BankUnited from $44.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, StockNews.com cut BankUnited from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, BankUnited has a consensus rating of “Hold” and a consensus price target of $42.18.

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.