Cramer Rosenthal Mcglynn LLC Acquires New Holdings in BankUnited, Inc. (NYSE:BKU)

Cramer Rosenthal Mcglynn LLC bought a new position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 488,936 shares of the financial services provider's stock, valued at approximately $18,663,000. Cramer Rosenthal Mcglynn LLC owned about 0.65% of BankUnited at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in BKU. Nomura Asset Management Co. Ltd. grew its holdings in BankUnited by 42.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock worth $53,000 after purchasing an additional 410 shares during the period. GAMMA Investing LLC increased its holdings in shares of BankUnited by 9.2% in the fourth 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 last quarter. Summit Investment Advisors Inc. raised its position in shares of BankUnited by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider's stock valued at $298,000 after purchasing an additional 495 shares during the period. Blue Trust Inc. boosted its holdings in shares of BankUnited by 182.3% during the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock worth $31,000 after buying an additional 547 shares during the period. Finally, Atria Investments Inc raised its holdings in BankUnited by 7.2% in the 4th quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider's stock valued at $314,000 after acquiring an additional 555 shares during the period. Institutional investors and hedge funds own 99.70% of the company's stock.

Insider Transactions at BankUnited

In related news, insider Kevin A. Malcolm sold 3,234 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were 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 directly owns 12,250 shares in the company, valued at $430,955. This represents a 20.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sanjiv Sobti acquired 1,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was bought at an average cost of $32.83 per share, with a total value of $32,830.00. Following 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 ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.19% of the company's stock.

BankUnited Price Performance

BKU traded up $1.03 during trading on Wednesday, hitting $32.90. 283,725 shares of the stock traded hands, compared to its average volume of 775,992. The business has a 50 day moving average price of $34.12 and a 200 day moving average price of $37.37. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. BankUnited, Inc. has a twelve month low of $26.70 and a twelve month high of $44.45. The company has a market cap of $2.48 billion, a price-to-earnings ratio of 10.68 and a beta of 1.20.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter in the previous year, the company posted $0.26 earnings per share. Equities research analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be paid a dividend of $0.31 per share. This is an increase from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 11th. This represents a $1.24 annualized dividend and a yield of 3.77%. BankUnited's payout ratio is presently 40.26%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BKU shares. Barclays dropped their price target on BankUnited from $44.00 to $38.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. StockNews.com cut shares of BankUnited from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Wells Fargo & Company lowered their price target on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Royal Bank of Canada boosted 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, Hovde Group lowered their target price on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $42.18.

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.