20,153 Shares in BankUnited, Inc. $BKU Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new position in shares of BankUnited, Inc. (NYSE:BKU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 20,153 shares of the financial services provider’s stock, valued at approximately $898,000.

A number of other large investors have also recently bought and sold shares of the business. Cerity Partners LLC grew its holdings in BankUnited by 90.7% during the 4th quarter. Cerity Partners LLC now owns 22,734 shares of the financial services provider’s stock worth $1,013,000 after acquiring an additional 10,813 shares during the period. Los Angeles Capital Management LLC acquired a new stake in BankUnited during the 4th quarter worth about $88,000. CIBC Asset Management Inc acquired a new stake in BankUnited during the 4th quarter worth about $228,000. Goldman Sachs Group Inc. grew its holdings in BankUnited by 34.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 867,039 shares of the financial services provider’s stock worth $38,644,000 after acquiring an additional 220,577 shares during the period. Finally, BW Gestao de Investimentos Ltda. acquired a new stake in BankUnited during the 4th quarter worth about $7,800,000. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BankUnited

In other BankUnited news, Director John N. Digiacomo sold 1,000 shares of BankUnited stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $45.97, for a total transaction of $45,970.00. Following the transaction, the director owned 15,027 shares of the company’s stock, valued at $690,791.19. This trade represents a 6.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

BankUnited Price Performance

BankUnited stock opened at $48.09 on Thursday. BankUnited, Inc. has a 52 week low of $33.33 and a 52 week high of $52.11. The company’s 50 day moving average price is $46.56 and its two-hundred day moving average price is $46.24. 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 stock has a market cap of $3.50 billion, a P/E ratio of 13.40 and a beta of 1.17.

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

BankUnited Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.32 annualized dividend and a dividend yield of 2.7%. This is an increase from BankUnited’s previous quarterly dividend of $0.31. BankUnited’s payout ratio is 36.77%.

Analyst Upgrades and Downgrades

BKU has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their price target on BankUnited from $55.00 to $50.00 and set a “market perform” rating for the company in a report on Thursday, April 23rd. Barclays decreased their price target on BankUnited from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Tuesday, April 7th. Wells Fargo & Company raised their target price on BankUnited from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, March 30th. Hovde Group reduced their target price on BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Thursday, April 23rd. Finally, Citigroup reduced their target price on BankUnited from $53.00 to $50.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $53.27.

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.