BankUnited, Inc. (NYSE:BKU) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC grew its stake in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 143.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,693 shares of the financial services provider's stock after purchasing an additional 42,814 shares during the quarter. Intech Investment Management LLC owned approximately 0.10% of BankUnited worth $2,775,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in BKU. Alpha DNA Investment Management LLC purchased a new stake in BankUnited in the 3rd quarter valued at about $443,000. Principal Financial Group Inc. grew its stake in BankUnited by 2.9% in 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 in the last quarter. Proficio Capital Partners LLC purchased a new position in BankUnited during the 4th quarter worth $766,000. SG Americas Securities LLC raised its position in BankUnited by 462.0% during the 4th quarter. SG Americas Securities LLC now owns 27,955 shares of the financial services provider's stock valued at $1,067,000 after purchasing an additional 22,981 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of BankUnited by 211.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 59,594 shares of the financial services provider's stock worth $2,172,000 after buying an additional 40,461 shares during the period. 99.70% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on BKU. Compass Point raised their target price 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. 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 report on Thursday, January 23rd. Keefe, Bruyette & Woods upped their price objective on BankUnited from $38.00 to $45.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler upgraded 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. Finally, Wells Fargo & Company boosted their target price on shares of BankUnited from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $43.18.

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BankUnited Stock Performance

Shares of NYSE:BKU traded up $1.10 during trading on Monday, hitting $35.78. 594,948 shares of the stock traded hands, compared to its average volume of 706,833. The company has a fifty day moving average price of $38.06 and a two-hundred day moving average price of $38.05. BankUnited, Inc. has a 52-week low of $24.34 and a 52-week high of $44.45. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 11.62 and a beta of 1.40. 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 issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, topping 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 prior year, the company earned $0.26 earnings per share. As a group, equities analysts predict that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given 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 yield of 3.24%. BankUnited's dividend payout ratio is currently 37.66%.

Insider Buying and Selling 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 stock was 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 of the company's stock, 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 SEC, which is available at this link. Also, Director Sanjiv Sobti acquired 1,000 shares of BankUnited stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $32.83 per share, with a total value of $32,830.00. Following the completion of the purchase, the director now owns 21,782 shares in the company, valued at $715,103.06. The trade was a 4.81 % increase in their position. The disclosure for this purchase can be found here. 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.