American Century Companies Inc. Sells 381,415 Shares of BankUnited, Inc. (NYSE:BKU)

American Century Companies Inc. lessened its position in BankUnited, Inc. (NYSE:BKU - Free Report) by 18.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,741,309 shares of the financial services provider's stock after selling 381,415 shares during the quarter. American Century Companies Inc. owned approximately 2.33% of BankUnited worth $66,466,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of BankUnited by 182.3% during the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 547 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in BankUnited by 270.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider's stock valued at $74,000 after buying an additional 1,407 shares during the last quarter. R Squared Ltd bought a new stake in BankUnited in the fourth quarter worth $113,000. KBC Group NV grew its stake in shares of BankUnited by 87.8% in the fourth quarter. KBC Group NV now owns 4,028 shares of the financial services provider's stock worth $154,000 after acquiring an additional 1,883 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of BankUnited by 9.2% during the fourth quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider's stock valued at $193,000 after acquiring an additional 426 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company's stock.

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BankUnited Stock Performance

BKU traded down $1.05 during trading on Friday, hitting $34.15. The company's stock had a trading volume of 456,613 shares, compared to its average volume of 761,802. The business's 50 day simple moving average is $37.69 and its 200-day simple moving average is $38.01. The firm has a market cap of $2.55 billion, a PE ratio of 11.09 and a beta of 1.40. BankUnited, Inc. has a one year low of $24.34 and a one year high of $44.45. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04.

BankUnited (NYSE:BKU - Get Free Report) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter in the prior year, the firm earned $0.26 EPS. As a group, sell-side analysts predict that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.31 per share. This is a boost from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 11th. This represents a $1.24 dividend on an annualized basis and a yield of 3.63%. BankUnited's dividend payout ratio (DPR) is presently 37.66%.

Insider Buying and Selling at BankUnited

In other news, insider Kevin A. Malcolm sold 3,234 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total value of $113,772.12. Following the transaction, the insider now directly owns 12,250 shares in the company, valued at $430,955. The trade was a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sanjiv Sobti bought 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $32.83 per share, with a total value of $32,830.00. Following the transaction, the director now directly owns 21,782 shares of the company's stock, valued at $715,103.06. This represents a 4.81 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.19% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on BKU. Royal Bank of Canada increased their price objective on shares of BankUnited from $42.00 to $43.00 and gave the company a "sector perform" rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their price target on shares of BankUnited from $38.00 to $45.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Compass Point upped their price objective on BankUnited from $42.00 to $49.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Hovde Group reduced their target price on BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, Barclays lowered their price target on BankUnited from $45.00 to $44.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, BankUnited has a consensus rating of "Hold" and a consensus price target of $43.45.

BankUnited Profile

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.