Victory Capital Management Inc. Sells 95,274 Shares of BankUnited, Inc. (NYSE:BKU)

Victory Capital Management Inc. trimmed its holdings in BankUnited, Inc. (NYSE:BKU - Free Report) by 32.3% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 199,345 shares of the financial services provider's stock after selling 95,274 shares during the quarter. Victory Capital Management Inc. owned 0.27% of BankUnited worth $7,264,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its holdings in shares of BankUnited by 0.8% during the first quarter. Russell Investments Group Ltd. now owns 112,849 shares of the financial services provider's stock valued at $3,160,000 after purchasing an additional 906 shares in the last quarter. ProShare Advisors LLC grew its position in shares of BankUnited by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 15,002 shares of the financial services provider's stock valued at $420,000 after acquiring an additional 1,031 shares during the period. State Board of Administration of Florida Retirement System increased its stake in shares of BankUnited by 48.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 31,481 shares of the financial services provider's stock worth $881,000 after purchasing an additional 10,240 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in BankUnited by 7.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 34,175 shares of the financial services provider's stock worth $938,000 after purchasing an additional 2,262 shares during the period. Finally, Vanguard Group Inc. lifted its position in BankUnited by 3.1% during the first quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider's stock valued at $265,542,000 after purchasing an additional 280,993 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company's stock.

BankUnited Stock Up 1.9 %

Shares of NYSE BKU traded up $0.78 during mid-day trading on Friday, reaching $42.58. The company had a trading volume of 209,909 shares, compared to its average volume of 817,911. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. The stock has a market cap of $3.18 billion, a P/E ratio of 17.13 and a beta of 1.33. The firm has a 50 day simple moving average of $36.99 and a two-hundred day simple moving average of $33.97. BankUnited, Inc. has a 52-week low of $24.34 and a 52-week high of $42.74.

BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. The company had revenue of $515.24 million during the quarter, compared to analyst estimates of $258.65 million. During the same period in the prior year, the firm posted $0.63 earnings per share. Sell-side analysts predict that BankUnited, Inc. will post 2.89 earnings per share for the current year.

BankUnited Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date was Friday, October 11th. BankUnited's payout ratio is 47.54%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on BKU shares. Citigroup lowered their target price on shares of BankUnited from $42.00 to $39.00 and set a "neutral" rating on the stock in a research note on Wednesday, September 11th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $37.00 price objective on shares of BankUnited in a research note on Wednesday, October 23rd. Wedbush lifted their target price on BankUnited from $39.00 to $40.00 and gave the company a "neutral" rating in a research note on Tuesday, September 24th. Barclays upped their price target on BankUnited from $35.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Friday, September 27th. Finally, Wells Fargo & Company upgraded shares of BankUnited from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $38.00 to $48.00 in a research note on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, BankUnited presently has a consensus rating of "Hold" and a consensus target price of $37.40.

Insider Transactions at BankUnited

In other news, insider Jay D. Richards sold 2,500 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total value of $102,950.00. Following the sale, the insider now owns 34,687 shares in the company, valued at approximately $1,428,410.66. This trade represents a 6.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO Thomas M. Cornish sold 10,778 shares of the stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.11, for a total transaction of $421,527.58. Following the completion of the transaction, the chief operating officer now owns 100,000 shares of the company's stock, valued at approximately $3,911,000. This represents a 9.73 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.19% of the company's stock.

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.