Fisher Asset Management LLC Acquires 74,000 Shares of BankUnited, Inc. (NYSE:BKU)

Fisher Asset Management LLC lifted its position in BankUnited, Inc. (NYSE:BKU - Free Report) by 22.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 403,000 shares of the financial services provider's stock after purchasing an additional 74,000 shares during the quarter. Fisher Asset Management LLC owned 0.54% of BankUnited worth $15,383,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its stake in shares of BankUnited by 182.3% in the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock valued at $31,000 after buying an additional 547 shares in the last quarter. R Squared Ltd bought a new position in BankUnited during the fourth quarter worth about $113,000. KBC Group NV boosted its holdings in BankUnited by 87.8% during the fourth quarter. KBC Group NV now owns 4,028 shares of the financial services provider's stock valued at $154,000 after purchasing an additional 1,883 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of BankUnited by 9.2% in the 4th quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider's stock valued at $193,000 after purchasing an additional 426 shares during the period. Finally, GSA Capital Partners LLP acquired a new position in shares of BankUnited in the 3rd quarter worth approximately $257,000. 99.70% of the stock is owned by institutional investors.

BankUnited Trading Down 2.6 %

Shares of BKU traded down $0.87 during trading hours on Friday, hitting $32.98. 1,317,182 shares of the stock traded hands, compared to its average volume of 756,409. The business has a fifty day moving average of $39.07 and a 200-day moving average of $38.35. The firm has a market capitalization of $2.46 billion, a PE ratio of 10.71 and a beta of 1.37. BankUnited, Inc. has a 1-year low of $24.34 and a 1-year high of $44.45. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04.

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BankUnited (NYSE:BKU - Get Free Report) last issued 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 net margin of 11.48% and a return on equity of 8.48%. During the same period last year, the firm posted $0.26 EPS. Analysts expect that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend was Friday, January 10th. BankUnited's dividend payout ratio (DPR) is currently 37.66%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. The Goldman Sachs Group boosted their price target on BankUnited from $36.00 to $42.00 and gave the company a "sell" rating in a research note on Tuesday, November 26th. Royal Bank of Canada boosted their target price on shares of 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 increased their target price on shares of BankUnited from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Barclays cut their price target on shares of BankUnited from $45.00 to $44.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. Finally, Compass Point upped their price objective on shares of BankUnited from $42.00 to $49.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, BankUnited currently has an average rating of "Hold" and a consensus price target of $43.40.

Insider Transactions at BankUnited

In other BankUnited news, insider Kevin A. Malcolm sold 3,234 shares of the 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 owns 12,250 shares of the company's stock, valued at approximately $430,955. This represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.19% of the stock is owned by corporate insiders.

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.