Bank of New York Mellon Corp Has $29.57 Million Holdings in BankUnited, Inc. (NYSE:BKU)

Bank of New York Mellon Corp lessened its holdings in BankUnited, Inc. (NYSE:BKU - Free Report) by 17.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 774,605 shares of the financial services provider's stock after selling 167,433 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.04% of BankUnited worth $29,567,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BKU. Geode Capital Management LLC boosted its stake in BankUnited by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,719,596 shares of the financial services provider's stock valued at $62,674,000 after acquiring an additional 20,218 shares during the last quarter. Jacobs Levy Equity Management Inc. lifted its stake in shares of BankUnited by 6.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 663,084 shares of the financial services provider's stock valued at $24,163,000 after purchasing an additional 39,797 shares during the period. Basswood Capital Management L.L.C. bought a new position in shares of BankUnited in the 3rd quarter worth $17,745,000. Principal Financial Group Inc. grew its stake in shares of BankUnited by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider's stock worth $13,836,000 after purchasing an additional 10,064 shares during the period. Finally, Algert Global LLC grew its stake in shares of BankUnited by 23.7% during the third quarter. Algert Global LLC now owns 308,212 shares of the financial services provider's stock worth $11,231,000 after purchasing an additional 59,029 shares during the period. Institutional investors and hedge funds own 99.70% of the company's stock.

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BankUnited Stock Up 2.6 %

Shares of BKU traded up $0.86 during midday trading on Wednesday, hitting $33.31. The stock had a trading volume of 577,807 shares, compared to its average volume of 781,273. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of 10.84 and a beta of 1.40. The company has a 50 day simple moving average of $38.71 and a two-hundred day simple moving average of $38.27. BankUnited, Inc. has a twelve month low of $24.34 and a twelve month high of $44.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88.

BankUnited (NYSE:BKU - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period last year, the firm posted $0.26 EPS. On average, analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Friday, January 10th. BankUnited's dividend payout ratio is presently 37.66%.

Wall Street Analysts Forecast Growth

BKU has been the topic of a number of recent analyst reports. Piper Sandler upgraded BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 target price on the stock in a report on Tuesday. The Goldman Sachs Group lifted their price objective on shares of BankUnited from $36.00 to $42.00 and gave the stock a "sell" rating in a research note on Tuesday, November 26th. Barclays lowered their target price on shares of BankUnited from $45.00 to $44.00 and set an "equal weight" rating for the company in a research note on Friday, December 20th. StockNews.com raised shares of BankUnited from a "hold" rating to a "buy" rating in a research report on Monday. Finally, Compass Point upped their price objective on shares of BankUnited from $42.00 to $49.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $43.18.

Insider Buying and Selling

In other BankUnited news, insider Kevin A. Malcolm sold 3,234 shares of BankUnited stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total value of $113,772.12. Following the sale, the insider now directly owns 12,250 shares in the company, valued at approximately $430,955. The trade was a 20.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.19% of the stock is currently owned by corporate insiders.

About BankUnited

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.