BankUnited, Inc. (NYSE:BKU) Shares Bought by Congress Asset Management Co.

Congress Asset Management Co. raised its holdings in BankUnited, Inc. (NYSE:BKU - Free Report) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 209,010 shares of the financial services provider's stock after buying an additional 15,057 shares during the quarter. Congress Asset Management Co. owned about 0.28% of BankUnited worth $7,978,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in BKU. SG Americas Securities LLC purchased a new position in shares of BankUnited in the 3rd quarter valued at approximately $181,000. CWM LLC raised its holdings in shares of BankUnited by 118.3% in the third quarter. CWM LLC now owns 4,208 shares of the financial services provider's stock worth $153,000 after buying an additional 2,280 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in shares of BankUnited by 37.3% during the third quarter. Assenagon Asset Management S.A. now owns 868,806 shares of the financial services provider's stock worth $31,659,000 after buying an additional 236,174 shares during the period. Wolverine Asset Management LLC grew its holdings in shares of BankUnited by 25.8% during the third quarter. Wolverine Asset Management LLC now owns 11,061 shares of the financial services provider's stock valued at $403,000 after buying an additional 2,267 shares during the last quarter. Finally, Versor Investments LP purchased a new stake in shares of BankUnited during the third quarter valued at $302,000. Institutional investors and hedge funds own 99.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Barclays reduced their price target on shares of BankUnited from $45.00 to $44.00 and set an "equal weight" rating for the company in a research report on Friday, December 20th. Keefe, Bruyette & Woods raised their target price on shares of BankUnited from $38.00 to $45.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Wells Fargo & Company upped their price target on shares of BankUnited from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. Royal Bank of Canada lifted their price objective on BankUnited from $42.00 to $43.00 and gave the company a "sector perform" rating in a research note on Thursday, January 23rd. Finally, Compass Point boosted their price objective on BankUnited from $42.00 to $49.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, BankUnited has a consensus rating of "Hold" and an average price target of $43.40.

BankUnited Price Performance

BKU traded down $0.61 during trading on Thursday, hitting $39.48. The company's stock had a trading volume of 636,823 shares, compared to its average volume of 729,916. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 12.82 and a beta of 1.37. BankUnited, Inc. has a twelve month low of $24.34 and a twelve month high of $44.45. The business's fifty day simple moving average is $39.56 and its 200 day simple moving average is $38.24. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04.

BankUnited (NYSE:BKU - Get Free Report) last released its quarterly 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 net margin of 11.48% and a return on equity of 8.48%. During the same period in the previous year, the company posted $0.26 EPS. On average, equities research analysts forecast that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.94%. BankUnited's dividend payout ratio is currently 37.66%.

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.