BankUnited, Inc. $BKU Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. raised its holdings in BankUnited, Inc. (NYSE:BKU) by 169.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,249 shares of the financial services provider’s stock after buying an additional 108,888 shares during the quarter. Assenagon Asset Management S.A.’s holdings in BankUnited were worth $7,824,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in BankUnited by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,632,552 shares of the financial services provider’s stock worth $206,472,000 after purchasing an additional 36,097 shares during the last quarter. State Street Corp raised its holdings in shares of BankUnited by 3.5% in the 4th quarter. State Street Corp now owns 4,437,792 shares of the financial services provider’s stock worth $197,792,000 after purchasing an additional 149,450 shares during the period. HoldCo Asset Management LP lifted its position in BankUnited by 277.3% during the fourth quarter. HoldCo Asset Management LP now owns 3,535,282 shares of the financial services provider’s stock valued at $157,568,000 after buying an additional 2,598,382 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of BankUnited by 2.8% in the fourth quarter. Wellington Management Group LLP now owns 3,155,793 shares of the financial services provider’s stock valued at $140,654,000 after buying an additional 84,971 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of BankUnited by 9.4% during the 3rd quarter. American Century Companies Inc. now owns 2,163,936 shares of the financial services provider’s stock valued at $82,576,000 after buying an additional 185,937 shares during the period. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Stock Performance

Shares of BKU opened at $49.30 on Monday. The business’s 50 day moving average is $47.08 and its two-hundred day moving average is $46.65. BankUnited, Inc. has a 52-week low of $34.79 and a 52-week high of $52.11. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 13.73 and a beta of 1.17. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). The company had revenue of $273.69 million for the quarter, compared to analyst estimates of $284.57 million. BankUnited had a return on equity of 9.11% and a net margin of 14.46%.During the same period in the previous year, the business posted $0.78 EPS. Analysts forecast that BankUnited, Inc. will post 4.16 EPS for the current fiscal year.

BankUnited Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Friday, July 10th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Friday, July 10th. BankUnited’s dividend payout ratio (DPR) is currently 36.77%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on BKU shares. 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. Wall Street Zen cut shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings raised shares of BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Raymond James Financial reaffirmed an “outperform” rating on shares of BankUnited in a report on Wednesday, April 22nd. Finally, Citigroup dropped their price target on shares of BankUnited from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, BankUnited currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.27.

Insider Buying and Selling at BankUnited

In other news, Director John N. Digiacomo sold 1,000 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $45.97, for a total value of $45,970.00. Following the completion of the sale, the director owned 15,027 shares of the company’s stock, valued at approximately $690,791.19. The trade was a 6.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jay D. Richards sold 4,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $48.67, for a total transaction of $194,680.00. Following the completion of the sale, the insider directly owned 40,502 shares of the company’s stock, valued at $1,971,232.34. The trade was a 8.99% decrease in their position. The SEC filing for this sale provides additional information. 1.00% of the stock is owned by company insiders.

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.