Great Lakes Advisors LLC bought a new stake in BankUnited, Inc. (NYSE:BKU – Get Rating) in the 1st quarter, Holdings Channel reports. The institutional investor bought 106,669 shares of the financial services provider’s stock, valued at approximately $4,689,000.
Other large investors have also recently bought and sold shares of the company. State Street Corp raised its position in shares of BankUnited by 6.2% during the fourth quarter. State Street Corp now owns 5,432,012 shares of the financial services provider’s stock worth $229,828,000 after acquiring an additional 316,720 shares during the last quarter. American Century Companies Inc. raised its position in shares of BankUnited by 4.6% during the fourth quarter. American Century Companies Inc. now owns 2,653,720 shares of the financial services provider’s stock worth $112,279,000 after acquiring an additional 116,641 shares during the last quarter. Invesco Ltd. raised its position in shares of BankUnited by 9.7% during the fourth quarter. Invesco Ltd. now owns 1,221,994 shares of the financial services provider’s stock worth $51,703,000 after acquiring an additional 108,455 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of BankUnited by 5.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,034,664 shares of the financial services provider’s stock worth $43,777,000 after acquiring an additional 55,696 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its position in shares of BankUnited by 41.6% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 743,326 shares of the financial services provider’s stock worth $31,450,000 after acquiring an additional 218,545 shares during the last quarter. 97.26% of the stock is currently owned by institutional investors.
BankUnited Trading Up 1.2 %
Shares of BankUnited stock opened at $38.64 on Friday. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.81 and a current ratio of 0.84. BankUnited, Inc. has a 52 week low of $33.90 and a 52 week high of $46.75. The stock has a 50 day moving average price of $37.25 and a two-hundred day moving average price of $40.32. The stock has a market capitalization of $3.01 billion, a PE ratio of 9.76 and a beta of 1.25.
BankUnited Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 29th. Shareholders of record on Thursday, July 14th were given a $0.25 dividend. The ex-dividend date was Wednesday, July 13th. This represents a $1.00 annualized dividend and a yield of 2.59%. BankUnited’s dividend payout ratio is currently 25.25%.
Insider Buying and Selling at BankUnited
In other BankUnited news, insider Jay D. Richards sold 7,415 shares of the business’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $41.40, for a total value of $306,981.00. Following the sale, the insider now directly owns 30,973 shares in the company, valued at $1,282,282.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.91% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on BKU. Wells Fargo & Company raised their price objective on BankUnited to $45.00 in a research report on Friday, July 22nd. Keefe, Bruyette & Woods downgraded BankUnited from an “outperform” rating to a “market perform” rating and set a $51.00 target price for the company. in a report on Thursday, June 2nd. Piper Sandler lifted their target price on BankUnited to $40.00 in a report on Friday, July 22nd. Wedbush lifted their target price on BankUnited to $40.00 in a report on Friday, July 22nd. Finally, StockNews.com upgraded BankUnited from a “sell” rating to a “hold” rating in a report on Friday, July 29th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.00.
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.
- Get a free copy of the StockNews.com research report on BankUnited (BKU)
- MarketBeat: Week in Review 8/1 – 8/5
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Cronos Group Inc’s Revenues Are Up, Is It Time to Buy?
- Why Apple Could Be At All-Time Highs By Year End
- Beyond Meat Is Not Beyond Hope, And It’s Cheap
Receive News & Ratings for BankUnited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BankUnited and related companies with MarketBeat.com's FREE daily email newsletter.