Bayview Asset Management LLC Sells 20,000 Shares of BankUnited, Inc. $BKU

Bayview Asset Management LLC trimmed its holdings in BankUnited, Inc. (NYSE:BKU) by 80.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the financial services provider’s stock after selling 20,000 shares during the quarter. BankUnited makes up approximately 0.1% of Bayview Asset Management LLC’s holdings, making the stock its 19th biggest position. Bayview Asset Management LLC’s holdings in BankUnited were worth $223,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BKU. Hantz Financial Services Inc. lifted its holdings in shares of BankUnited by 21.0% in the fourth quarter. Hantz Financial Services Inc. now owns 1,472 shares of the financial services provider’s stock worth $66,000 after buying an additional 255 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in BankUnited by 23.5% during the third quarter. Smartleaf Asset Management LLC now owns 1,452 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 276 shares in the last quarter. Covestor Ltd increased its holdings in BankUnited by 20.9% in 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 during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in BankUnited by 1.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,213 shares of the financial services provider’s stock valued at $767,000 after acquiring an additional 300 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its stake in BankUnited by 2.4% in the 3rd quarter. Mackenzie Financial Corp now owns 19,550 shares of the financial services provider’s stock worth $746,000 after purchasing an additional 455 shares in the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BKU. Wall Street Zen upgraded BankUnited from a “sell” rating to a “hold” rating in a research report on Saturday, May 23rd. Cantor Fitzgerald increased their price target on BankUnited from $51.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Weiss Ratings upgraded BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Barclays reduced their price objective on BankUnited from $55.00 to $53.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 7th. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of BankUnited in a report on Wednesday, April 22nd. Seven investment 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. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $53.27.

BankUnited Stock Up 0.6%

Shares of NYSE:BKU opened at $48.92 on Friday. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 13.63 and a beta of 1.17. BankUnited, Inc. has a 12 month low of $33.33 and a 12 month high of $52.11. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. The company has a 50-day moving average price of $46.70 and a 200 day moving average price of $46.31.

BankUnited (NYSE:BKU) last issued its quarterly earnings data 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). BankUnited had a return on equity of 9.11% and a net margin of 14.46%.The company had revenue of $273.69 million for the quarter, compared to the consensus estimate of $284.57 million. During the same period in the previous year, the firm earned $0.78 earnings per share. As a group, equities research analysts predict that BankUnited, Inc. will post 4.16 earnings per share for the current year.

BankUnited Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders 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 dividend payout ratio is presently 36.77%.

Insiders Place Their Bets

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

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.