BankUnited, Inc. (NYSE:BKU) Shares Bought by Barclays PLC

Barclays PLC raised its position in BankUnited, Inc. (NYSE:BKU - Free Report) by 48.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,240 shares of the financial services provider's stock after purchasing an additional 59,644 shares during the quarter. Barclays PLC owned 0.25% of BankUnited worth $6,677,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Millennium Management LLC boosted its holdings in BankUnited by 49.2% during the 2nd quarter. Millennium Management LLC now owns 2,247,271 shares of the financial services provider's stock valued at $65,778,000 after acquiring an additional 740,896 shares during the period. Bank of Montreal Can lifted its position in shares of BankUnited by 3,901.0% during the second quarter. Bank of Montreal Can now owns 574,068 shares of the financial services provider's stock worth $16,803,000 after purchasing an additional 559,720 shares in the last quarter. Basswood Capital Management L.L.C. purchased a new position in shares of BankUnited in the third quarter valued at approximately $17,745,000. Point72 Asset Management L.P. grew its holdings in shares of BankUnited by 741.7% in the second quarter. Point72 Asset Management L.P. now owns 397,271 shares of the financial services provider's stock valued at $11,628,000 after purchasing an additional 350,071 shares in the last quarter. Finally, Federated Hermes Inc. increased its stake in BankUnited by 3,658.4% during the 2nd quarter. Federated Hermes Inc. now owns 325,812 shares of the financial services provider's stock worth $9,537,000 after buying an additional 317,143 shares during the period. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Stock Down 0.6 %

Shares of BankUnited stock traded down $0.23 during trading hours on Thursday, hitting $37.41. The company had a trading volume of 589,462 shares, compared to its average volume of 800,229. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88. The company's 50-day moving average is $39.01 and its two-hundred day moving average is $35.66. The company has a market cap of $2.80 billion, a P/E ratio of 15.33 and a beta of 1.36. BankUnited, Inc. has a twelve month low of $24.34 and a twelve month high of $44.45.

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

BankUnited Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Friday, October 11th. BankUnited's dividend payout ratio (DPR) is 47.54%.

Insider Buying and Selling at BankUnited

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wells Fargo & Company raised shares of BankUnited from an "equal weight" rating to an "overweight" rating and raised their price target for the company from $38.00 to $48.00 in a research report on Wednesday, November 13th. Keefe, Bruyette & Woods boosted their target price on BankUnited from $38.00 to $45.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $37.00 price target on shares of BankUnited in a research report on Wednesday, October 23rd. Compass Point upped their target price 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. Finally, Citigroup decreased their price target on shares of BankUnited from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $41.45.

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.