Amundi Boosts Holdings in BankUnited, Inc. (NYSE:BKU)

Amundi lifted its stake in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 186.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 37,752 shares of the financial services provider's stock after acquiring an additional 24,592 shares during the period. Amundi owned 0.05% of BankUnited worth $1,456,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vestmark Advisory Solutions Inc. bought a new stake in shares of BankUnited in the 4th quarter worth $321,000. Inceptionr LLC grew its stake in shares of BankUnited by 58.9% in the 4th quarter. Inceptionr LLC now owns 13,474 shares of the financial services provider's stock worth $514,000 after acquiring an additional 4,997 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of BankUnited in the 4th quarter worth $766,000. Atria Investments Inc grew its stake in shares of BankUnited by 7.2% in the 4th quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider's stock worth $314,000 after acquiring an additional 555 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of BankUnited by 270.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider's stock worth $74,000 after acquiring an additional 1,407 shares in the last quarter. Institutional investors own 99.70% of the company's stock.

BankUnited Price Performance

BKU traded down $0.05 on Friday, reaching $34.59. The company had a trading volume of 1,655,204 shares, compared to its average volume of 708,130. BankUnited, Inc. has a 52-week low of $24.34 and a 52-week high of $44.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The business has a 50 day simple moving average of $38.06 and a 200 day simple moving average of $38.05. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 11.23 and a beta of 1.40.

Remove Ads

BankUnited (NYSE:BKU - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 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 quarter in the previous year, the company earned $0.26 EPS. As a group, sell-side analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.35%. The ex-dividend date of this dividend was Friday, January 10th. BankUnited's dividend payout ratio is 37.66%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of BankUnited from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. 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 report on Tuesday, December 10th. The Goldman Sachs Group upped their price objective on shares of BankUnited from $36.00 to $42.00 and gave the company a "sell" rating in a report on Tuesday, November 26th. Royal Bank of Canada upped their price objective on shares of BankUnited from $42.00 to $43.00 and gave the company a "sector perform" rating in a report on Thursday, January 23rd. Finally, Barclays dropped their price objective on shares of BankUnited from $45.00 to $44.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $43.18.

Insider Buying and Selling

In other BankUnited news, insider Kevin A. Malcolm sold 3,234 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total transaction of $113,772.12. Following the completion of the transaction, the insider now owns 12,250 shares of the company's stock, valued at approximately $430,955. This trade represents a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sanjiv Sobti acquired 1,000 shares of the stock in a transaction on Thursday, March 13th. The shares were purchased at an average cost of $32.83 per share, with a total value of $32,830.00. Following the transaction, the director now directly owns 21,782 shares of the company's stock, valued at approximately $715,103.06. This trade represents a 4.81 % increase in their position. The disclosure for this purchase can be found here. 1.19% of the stock is currently owned by 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.