BankUnited, Inc. (NYSE:BKU) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. raised its holdings in BankUnited, Inc. (NYSE:BKU - Free Report) by 18.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 530,938 shares of the financial services provider's stock after buying an additional 80,995 shares during the quarter. Federated Hermes Inc. owned about 0.71% of BankUnited worth $20,266,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of BankUnited by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider's stock valued at $366,392,000 after purchasing an additional 181,493 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of BankUnited by 12.9% in the fourth quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider's stock worth $107,696,000 after buying an additional 322,368 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of BankUnited by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,719,596 shares of the financial services provider's stock worth $62,674,000 after buying an additional 20,218 shares during the period. Royce & Associates LP grew its holdings in shares of BankUnited by 3.3% during the fourth quarter. Royce & Associates LP now owns 1,149,827 shares of the financial services provider's stock valued at $43,889,000 after buying an additional 36,328 shares during the last quarter. Finally, Fisher Asset Management LLC increased its position in shares of BankUnited by 22.5% in the 4th quarter. Fisher Asset Management LLC now owns 403,000 shares of the financial services provider's stock valued at $15,383,000 after acquiring an additional 74,000 shares during the period. Institutional investors and hedge funds own 99.70% of the company's stock.

BankUnited Stock Performance

NYSE BKU traded up $0.03 during mid-day trading on Monday, reaching $29.68. 110,633 shares of the stock were exchanged, compared to its average volume of 775,653. BankUnited, Inc. has a 1 year low of $24.34 and a 1 year 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's 50 day moving average is $35.49 and its 200-day moving average is $37.60. The company has a market capitalization of $2.22 billion, a P/E ratio of 9.64 and a beta of 1.20.

BankUnited (NYSE:BKU - Get Free Report) last posted its 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 return on equity of 8.48% and a net margin of 11.48%. During the same quarter in the previous year, the firm posted $0.26 EPS. On average, equities research analysts forecast that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be paid a $0.31 dividend. The ex-dividend date is Friday, April 11th. This represents a $1.24 dividend on an annualized basis and a yield of 4.18%. This is a boost from BankUnited's previous quarterly dividend of $0.29. BankUnited's dividend payout ratio (DPR) is currently 40.26%.

Insider Buying and Selling

In related news, insider Kevin A. Malcolm sold 3,234 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total value of $113,772.12. Following the completion of the transaction, the insider now directly owns 12,250 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. Also, Director Sanjiv Sobti purchased 2,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was acquired at an average cost of $32.07 per share, for a total transaction of $64,140.00. Following the completion of the purchase, the director now owns 20,782 shares of the company's stock, valued at approximately $666,478.74. This represents a 10.65 % increase in their position. The disclosure for this purchase can be found here. 1.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

BKU has been the subject of a number of research reports. Royal Bank of Canada lifted their price target on BankUnited from $42.00 to $43.00 and gave the stock a "sector perform" rating in a research report on Thursday, January 23rd. Wells Fargo & Company decreased their target price on BankUnited from $50.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Hovde Group cut their price target 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. Piper Sandler upgraded shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price objective for the company in a research note on Tuesday, March 11th. Finally, StockNews.com downgraded shares of BankUnited from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price 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.