Intech Investment Management LLC Trims Holdings in BankUnited, Inc. $BKU

Intech Investment Management LLC trimmed its position in shares of BankUnited, Inc. (NYSE:BKU) by 72.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 47,600 shares of the financial services provider’s stock after selling 126,409 shares during the quarter. Intech Investment Management LLC’s holdings in BankUnited were worth $2,122,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Hantz Financial Services Inc. boosted its position in BankUnited by 21.0% during the 4th quarter. Hantz Financial Services Inc. now owns 1,472 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 255 shares in the last quarter. Global Retirement Partners LLC boosted its position in BankUnited by 17,050.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,372 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 1,364 shares in the last quarter. Covestor Ltd boosted its position in BankUnited by 20.9% during the 4th quarter. Covestor Ltd now owns 1,673 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 289 shares in the last quarter. ProShare Advisors LLC boosted its position in BankUnited by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 14,680 shares of the financial services provider’s stock valued at $654,000 after acquiring an additional 458 shares in the last quarter. Finally, HighTower Advisors LLC bought a new stake in BankUnited during the 4th quarter valued at approximately $695,000. 99.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on BKU. Keefe, Bruyette & Woods cut their price objective on BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a research report on Thursday, April 23rd. Wells Fargo & Company lifted their price objective on BankUnited from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Weiss Ratings raised BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Raymond James Financial reissued an “outperform” rating on shares of BankUnited in a research report on Wednesday, April 22nd. Finally, Cantor Fitzgerald upped their price target on BankUnited from $51.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, BankUnited has an average rating of “Hold” and a consensus target price of $53.27.

Insider Buying and Selling at BankUnited

In related news, Director John N. Digiacomo sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.97, for a total value of $45,970.00. Following the transaction, the director directly owned 15,027 shares of the company’s stock, valued at approximately $690,791.19. This represents a 6.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is owned by insiders.

BankUnited Stock Performance

BankUnited stock opened at $45.57 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $3.31 billion, a P/E ratio of 12.69 and a beta of 1.17. The stock’s 50 day moving average is $46.28 and its 200 day moving average is $45.95. BankUnited, Inc. has a twelve month low of $33.33 and a twelve month high of $52.11.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.14). The company had revenue of $273.69 million during the quarter, compared to analysts’ expectations of $284.57 million. BankUnited had a return on equity of 9.11% and a net margin of 14.46%.During the same quarter in the previous year, the company earned $0.78 EPS. On average, equities research analysts predict that BankUnited, Inc. will post 4.16 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 2.9%. The ex-dividend date was Friday, April 10th. This is an increase from BankUnited’s previous quarterly dividend of $0.31. BankUnited’s dividend payout ratio (DPR) is currently 36.77%.

BankUnited 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.