Empowered Funds LLC Sells 70,569 Shares of BankUnited, Inc. (NYSE:BKU)

Empowered Funds LLC lowered its position in BankUnited, Inc. (NYSE:BKU - Free Report) by 23.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 229,636 shares of the financial services provider's stock after selling 70,569 shares during the quarter. Empowered Funds LLC owned 0.31% of BankUnited worth $8,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in BankUnited by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider's stock valued at $265,542,000 after acquiring an additional 280,993 shares during the period. Dimensional Fund Advisors LP increased its holdings in BankUnited by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,583,059 shares of the financial services provider's stock valued at $134,144,000 after purchasing an additional 315,872 shares during the period. Millennium Management LLC increased its holdings in BankUnited by 49.2% in the second quarter. Millennium Management LLC now owns 2,247,271 shares of the financial services provider's stock valued at $65,778,000 after purchasing an additional 740,896 shares during the period. Assenagon Asset Management S.A. raised its position in BankUnited by 37.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 868,806 shares of the financial services provider's stock worth $31,659,000 after purchasing an additional 236,174 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in BankUnited by 3,901.0% during the 2nd quarter. Bank of Montreal Can now owns 574,068 shares of the financial services provider's stock worth $16,803,000 after buying an additional 559,720 shares during the period. Institutional investors own 99.70% of the company's stock.

Insider Activity at BankUnited

In other news, COO Thomas M. Cornish sold 10,778 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.11, for a total value of $421,527.58. Following the completion of the sale, the chief operating officer now owns 100,000 shares in the company, valued at $3,911,000. This represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.19% of the stock is owned by insiders.

BankUnited Stock Up 0.1 %

NYSE:BKU traded up $0.04 on Friday, hitting $40.71. The stock had a trading volume of 972,731 shares, compared to its average volume of 820,869. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. BankUnited, Inc. has a 52 week low of $24.34 and a 52 week high of $41.65. The business's fifty day moving average is $36.51 and its 200 day moving average is $33.65. The company has a market cap of $3.04 billion, a PE ratio of 16.68 and a beta of 1.33.

BankUnited (NYSE:BKU - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $258.65 million. During the same period last year, the business earned $0.63 EPS. On average, equities research analysts expect that BankUnited, Inc. will post 2.85 EPS for the current fiscal year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were issued a $0.29 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.85%. BankUnited's dividend payout ratio is presently 47.54%.

Wall Street Analysts Forecast Growth

BKU has been the subject of a number of analyst reports. Hovde Group raised their price objective on BankUnited from $33.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, July 19th. Citigroup dropped their price target on shares of BankUnited from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 11th. JPMorgan Chase & Co. upped their price objective on shares of BankUnited from $34.50 to $41.00 and gave the company a "neutral" rating in a research note on Tuesday, July 23rd. Wells Fargo & Company raised shares of BankUnited from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $38.00 to $48.00 in a research note on Wednesday. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.00 price target on shares of BankUnited in a research report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $37.40.

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.