Geode Capital Management LLC Has $65.31 Million Holdings in BankUnited, Inc. (NYSE:BKU)

Geode Capital Management LLC decreased its position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 0.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,710,602 shares of the financial services provider's stock after selling 8,994 shares during the quarter. Geode Capital Management LLC owned 2.29% of BankUnited worth $65,309,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new position in shares of BankUnited during the third quarter valued at approximately $5,302,000. Jane Street Group LLC raised its holdings in shares of BankUnited by 194.1% in the 3rd quarter. Jane Street Group LLC now owns 193,062 shares of the financial services provider's stock worth $7,035,000 after purchasing an additional 127,415 shares during the period. XTX Topco Ltd acquired a new position in shares of BankUnited in the 3rd quarter valued at about $315,000. MML Investors Services LLC purchased a new stake in shares of BankUnited during the 3rd quarter worth about $347,000. Finally, Public Employees Retirement System of Ohio raised its holdings in BankUnited by 8.8% in the third quarter. Public Employees Retirement System of Ohio now owns 74,966 shares of the financial services provider's stock valued at $2,732,000 after buying an additional 6,087 shares during the period. 99.70% of the stock is owned by hedge funds and other institutional investors.

BankUnited Stock Performance

BKU traded up $0.51 during trading on Friday, hitting $31.33. The stock had a trading volume of 1,208,689 shares, compared to its average volume of 778,546. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. BankUnited, Inc. has a 12 month low of $25.14 and a 12 month high of $44.45. The company has a 50 day simple moving average of $34.68 and a 200-day simple moving average of $37.43. The firm has a market cap of $2.36 billion, a PE ratio of 10.17 and a beta of 1.20.

BankUnited (NYSE:BKU - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate 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 prior year, the business posted $0.26 earnings per share. Analysts expect that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th will be given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.96%. This is a boost from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, April 11th. BankUnited's dividend payout ratio is 40.26%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. StockNews.com lowered BankUnited from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Barclays dropped their target price on shares of BankUnited from $44.00 to $38.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Piper Sandler raised shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price target on the stock in a research report on Tuesday, March 11th. Wells Fargo & Company lowered their price objective on BankUnited from $50.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Finally, Hovde Group decreased their target price on BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $42.18.

Insider Activity at BankUnited

In related news, Director Sanjiv Sobti purchased 2,000 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was acquired at an average price of $32.07 per share, with a total value of $64,140.00. Following the completion of the acquisition, the director now directly owns 20,782 shares in the company, valued at approximately $666,478.74. This trade represents a 10.65 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin A. Malcolm sold 3,234 shares of the firm'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 approximately $430,955. The trade was a 20.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by insiders.

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.