Great Lakes Advisors LLC Buys Shares of 106,669 BankUnited, Inc. (NYSE:BKU)

Great Lakes Advisors LLC bought a new stake in BankUnited, Inc. (NYSE:BKUGet 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 (NYSE:BKUGet Rating) last announced its earnings results on Thursday, July 21st. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.08). The company had revenue of $238.87 million for the quarter, compared to analysts’ expectations of $245.42 million. BankUnited had a net margin of 32.13% and a return on equity of 12.00%. During the same period in the previous year, the firm earned $1.11 EPS. As a group, equities analysts anticipate that BankUnited, Inc. will post 3.7 earnings per share for the current fiscal year.

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

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding BKU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BankUnited, Inc. (NYSE:BKUGet Rating).

Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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.