Allianz Asset Management GmbH Increases Stock Position in BankUnited, Inc. $BKU

Allianz Asset Management GmbH boosted its position in shares of BankUnited, Inc. (NYSE:BKU) by 24.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 452,325 shares of the financial services provider’s stock after buying an additional 88,522 shares during the period. Allianz Asset Management GmbH’s holdings in BankUnited were worth $17,261,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BKU. Royal Bank of Canada boosted its stake in BankUnited by 15.3% during the 1st quarter. Royal Bank of Canada now owns 18,092 shares of the financial services provider’s stock worth $623,000 after purchasing an additional 2,394 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of BankUnited by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,380 shares of the financial services provider’s stock valued at $1,528,000 after buying an additional 1,934 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of BankUnited during the first quarter worth about $9,100,000. Strs Ohio purchased a new position in shares of BankUnited during the first quarter worth about $28,000. Finally, Maryland State Retirement & Pension System grew its holdings in shares of BankUnited by 1.4% during the second quarter. Maryland State Retirement & Pension System now owns 22,104 shares of the financial services provider’s stock worth $787,000 after buying an additional 304 shares during the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BankUnited in a research note on Wednesday, January 21st. Citigroup boosted their target price on BankUnited from $49.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, January 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $44.00 price target on shares of BankUnited in a report on Thursday, October 23rd. Susquehanna upgraded shares of BankUnited to a “positive” rating in a research report on Wednesday, January 21st. Finally, Barclays boosted their price objective on shares of BankUnited from $47.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $52.45.

BankUnited Price Performance

BKU stock opened at $50.95 on Friday. The firm has a 50 day moving average of $46.23 and a 200-day moving average of $41.33. The company has a market cap of $3.83 billion, a price-to-earnings ratio of 14.39 and a beta of 1.31. The company has a current ratio of 0.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.51. BankUnited, Inc. has a 12-month low of $28.21 and a 12-month high of $52.11.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.94 EPS for the quarter, beating the consensus estimate of $0.85 by $0.09. The business had revenue of $288.20 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 business earned $0.91 earnings per share. As a group, equities analysts expect that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 9th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, January 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.4%. BankUnited’s payout ratio is 35.03%.

Insider Activity

In other BankUnited news, insider Jay D. Richards sold 3,506 shares of BankUnited stock in a transaction that occurred on 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 directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.15% of the company’s stock.

About BankUnited

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.