Dimensional Fund Advisors LP Has $210.39 Million Stock Position in BankUnited, Inc. $BKU

Dimensional Fund Advisors LP boosted its position in BankUnited, Inc. (NYSE:BKU) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,658,844 shares of the financial services provider’s stock after purchasing an additional 26,292 shares during the period. Dimensional Fund Advisors LP owned 6.32% of BankUnited worth $210,390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Strs Ohio bought a new stake in BankUnited during the first quarter valued at $28,000. Eurizon Capital SGR S.p.A. bought a new position in shares of BankUnited during the 4th quarter worth approximately $30,000. Kestra Advisory Services LLC acquired a new position in BankUnited during the 4th quarter worth approximately $35,000. Quarry LP increased its stake in BankUnited by 158.2% during the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 576 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in BankUnited by 141.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,531 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 898 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Trading Down 1.2%

Shares of BKU stock opened at $46.39 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $47.67 and a two-hundred day moving average price of $47.04. BankUnited, Inc. has a 12-month low of $34.79 and a 12-month high of $52.11. The firm has a market cap of $3.37 billion, a P/E ratio of 12.71 and a beta of 1.17.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.03). The firm had revenue of $284.57 million for the quarter, compared to the consensus estimate of $290.33 million. BankUnited had a net margin of 14.76% and a return on equity of 9.13%. BankUnited’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.91 earnings per share. Equities analysts anticipate that BankUnited, Inc. will post 4.1 EPS for the current fiscal year.

BankUnited Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Friday, July 10th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, July 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. BankUnited’s dividend payout ratio is 36.77%.

Insider Transactions at BankUnited

In other news, insider Jay D. Richards sold 4,000 shares of BankUnited stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $48.67, for a total value of $194,680.00. Following the transaction, the insider owned 40,502 shares in the company, valued at approximately $1,971,232.34. The trade was a 8.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John N. Digiacomo sold 1,000 shares of the 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 sale, the director owned 15,027 shares of the company’s stock, valued at $690,791.19. This represents a 6.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on BKU shares. Royal Bank Of Canada lowered their target price on BankUnited from $53.00 to $50.00 and set a “sector perform” rating on the stock in a research note on Thursday. Raymond James Financial reiterated an “outperform” rating on shares of BankUnited in a research note on Wednesday, April 22nd. Wall Street Zen raised BankUnited from a “sell” rating to a “hold” rating in a research report on Saturday. Citigroup cut their price target on BankUnited from $45.00 to $42.00 and set a “sell” rating for the company in a research note on Friday. Finally, Hovde Group lowered their target price on shares of BankUnited from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Seven research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $52.00.

BankUnited Company 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.