Fmr LLC Has $10.04 Million Holdings in BankUnited, Inc. (NYSE:BKU)

FMR LLC boosted its position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 40.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 275,556 shares of the financial services provider's stock after acquiring an additional 78,753 shares during the period. FMR LLC owned 0.37% of BankUnited worth $10,041,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of BKU. Millennium Management LLC boosted its position in shares of 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 acquiring an additional 740,896 shares during the period. Bank of Montreal Can boosted its holdings in BankUnited by 3,901.0% in the 2nd quarter. Bank of Montreal Can now owns 574,068 shares of the financial services provider's stock valued at $16,803,000 after purchasing an additional 559,720 shares during the period. Point72 Asset Management L.P. grew its position in BankUnited by 741.7% in the 2nd quarter. Point72 Asset Management L.P. now owns 397,271 shares of the financial services provider's stock worth $11,628,000 after purchasing an additional 350,071 shares during the last quarter. Federated Hermes Inc. increased its holdings in shares of 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 purchasing an additional 317,143 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of BankUnited by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,583,059 shares of the financial services provider's stock worth $134,144,000 after purchasing an additional 315,872 shares during the period. 99.70% of the stock is currently owned by institutional investors.

BankUnited Price Performance

BKU stock traded down $0.57 during trading on Thursday, hitting $40.67. 460,233 shares of the stock traded hands, compared to its average volume of 804,736. The stock has a market cap of $3.04 billion, a price-to-earnings ratio of 16.90 and a beta of 1.36. BankUnited, Inc. has a one year low of $24.34 and a one year high of $44.45. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. The company has a 50 day simple moving average of $38.59 and a 200 day simple moving average of $35.26.

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

BankUnited Dividend Announcement

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

Insider Transactions at BankUnited

In other news, COO Thomas M. Cornish sold 10,778 shares of the company's stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.11, for a total transaction of $421,527.58. Following the transaction, the chief operating officer now directly owns 100,000 shares in the company, valued at approximately $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 Securities & Exchange Commission, which is accessible through this link. Also, insider Jay D. Richards sold 2,500 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total transaction of $102,950.00. Following the completion of the sale, the insider now directly owns 34,687 shares of the company's stock, valued at approximately $1,428,410.66. This represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.19% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on BKU. Keefe, Bruyette & Woods lifted their target price on BankUnited from $38.00 to $45.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Royal Bank of Canada reissued a "sector perform" rating and set a $37.00 price objective on shares of BankUnited in a report on Wednesday, October 23rd. Barclays boosted their price objective on BankUnited from $39.00 to $45.00 and gave the company an "equal weight" rating in a research report on Thursday, December 5th. Wells Fargo & Company raised BankUnited from an "equal weight" rating to an "overweight" rating and raised their target price for the stock from $38.00 to $48.00 in a research report on Wednesday, November 13th. Finally, Compass Point boosted their price target on shares of BankUnited from $42.00 to $49.00 and gave the company a "buy" rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $41.45.

About BankUnited

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.