Arrowstreet Capital Limited Partnership Sells 876,284 Shares of BankUnited, Inc. (NYSE:BKU)

Arrowstreet Capital Limited Partnership lowered its position in BankUnited, Inc. (NYSE:BKU - Free Report) by 75.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 291,066 shares of the financial services provider's stock after selling 876,284 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.39% of BankUnited worth $11,110,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BKU. Blue Trust Inc. increased its holdings in shares of BankUnited by 182.3% in the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock worth $31,000 after purchasing an additional 547 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in shares of BankUnited by 42.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock worth $53,000 after purchasing an additional 410 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of BankUnited by 270.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider's stock worth $74,000 after purchasing an additional 1,407 shares during the period. R Squared Ltd bought a new position in shares of BankUnited in the fourth quarter worth $113,000. Finally, KBC Group NV increased its stake in BankUnited by 87.8% in the fourth quarter. KBC Group NV now owns 4,028 shares of the financial services provider's stock valued at $154,000 after acquiring an additional 1,883 shares during the last quarter. Institutional investors own 99.70% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Royal Bank of Canada increased their target price on BankUnited from $42.00 to $43.00 and gave the company a "sector perform" rating in a research note on Thursday, January 23rd. Wells Fargo & Company reduced their target price on BankUnited from $50.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday. Piper Sandler raised BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 target price on the stock in a research note on Tuesday, March 11th. Barclays reduced their target price on BankUnited from $44.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Tuesday. Finally, StockNews.com lowered shares of BankUnited from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, BankUnited has a consensus rating of "Hold" and an average price target of $42.18.

Insider Activity at BankUnited

In other news, insider Kevin A. Malcolm sold 3,234 shares of BankUnited stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total transaction of $113,772.12. Following the completion of the transaction, the insider now directly owns 12,250 shares in the company, valued at approximately $430,955. This trade represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Sanjiv Sobti purchased 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average price of $32.83 per share, for a total transaction of $32,830.00. Following the purchase, the director now directly owns 21,782 shares in the company, valued at $715,103.06. The trade was a 4.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.19% of the stock is currently owned by corporate insiders.

BankUnited Trading Down 5.7 %

Shares of BankUnited stock traded down $1.84 during trading on Thursday, reaching $30.53. 58,441 shares of the stock were exchanged, compared to its average volume of 775,624. The stock's fifty day moving average is $35.91 and its 200 day moving average is $37.67. The firm has a market cap of $2.28 billion, a price-to-earnings ratio of 9.91 and a beta of 1.20. 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, Inc. has a 1 year low of $24.34 and a 1 year high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) 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 previous year, the firm earned $0.26 EPS. As a group, equities research analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 4.06%. This is a positive change from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 11th. BankUnited's dividend payout ratio (DPR) is presently 40.26%.

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.