Intech Investment Management LLC Has $1.09 Million Stock Holdings in BankUnited, Inc. (NYSE:BKU)

Intech Investment Management LLC raised its holdings in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 70.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,879 shares of the financial services provider's stock after purchasing an additional 12,301 shares during the period. Intech Investment Management LLC's holdings in BankUnited were worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of 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 purchasing an additional 280,993 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of BankUnited by 3.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 76,760 shares of the financial services provider's stock valued at $2,147,000 after acquiring an additional 2,899 shares during the period. CWM LLC boosted its stake in BankUnited by 307.6% during the 2nd quarter. CWM LLC now owns 1,928 shares of the financial services provider's stock worth $56,000 after acquiring an additional 1,455 shares during the last quarter. Linden Thomas Advisory Services LLC grew its holdings in BankUnited by 1.6% during the second quarter. Linden Thomas Advisory Services LLC now owns 58,053 shares of the financial services provider's stock valued at $1,699,000 after purchasing an additional 938 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in BankUnited by 8.2% during the second quarter. Assenagon Asset Management S.A. now owns 632,632 shares of the financial services provider's stock valued at $18,517,000 after purchasing an additional 48,059 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 Jay D. Richards sold 2,500 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total value of $102,950.00. Following the completion of the transaction, the insider now directly owns 34,687 shares of the company's stock, valued at approximately $1,428,410.66. This trade represents a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas M. Cornish sold 10,778 shares of the firm's stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 100,000 shares of the company's stock, valued at $3,911,000. This represents a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.19% of the company's stock.

BankUnited Stock Down 0.7 %

Shares of BKU traded down $0.32 during mid-day trading on Thursday, hitting $42.36. 487,692 shares of the company's stock were exchanged, compared to its average volume of 817,782. The company has a 50-day simple moving average of $37.48 and a 200 day simple moving average of $34.40. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market cap of $3.17 billion, a PE ratio of 17.36 and a beta of 1.33. BankUnited, Inc. has a 52 week low of $24.34 and a 52 week high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm had revenue of $515.24 million for the quarter, compared to analyst estimates of $258.65 million. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. During the same period in the previous year, the business earned $0.63 EPS. On average, research analysts forecast that BankUnited, Inc. will post 2.89 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were paid a $0.29 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.16 dividend on an annualized basis and a yield of 2.74%. BankUnited's dividend payout ratio is 47.54%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Barclays increased their target price on shares of BankUnited from $35.00 to $39.00 and gave the stock an "equal weight" rating in a report on Friday, September 27th. The Goldman Sachs Group lifted their target price on BankUnited from $36.00 to $42.00 and gave the stock a "sell" rating in a report on Tuesday. Wells Fargo & Company upgraded BankUnited from an "equal weight" rating to an "overweight" rating and increased their price target for the stock from $38.00 to $48.00 in a report on Wednesday, November 13th. Citigroup cut their price objective on BankUnited from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Wednesday, September 11th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and issued a $37.00 price objective on shares of BankUnited in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $38.70.

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.