LSV Asset Management Has $46.51 Million Holdings in BankUnited, Inc. (NYSE:BKU)

LSV Asset Management trimmed its stake in BankUnited, Inc. (NYSE:BKU - Free Report) by 38.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,218,590 shares of the financial services provider's stock after selling 755,000 shares during the quarter. LSV Asset Management owned about 1.63% of BankUnited worth $46,514,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position 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 acquiring an additional 322,368 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of BankUnited by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider's stock worth $13,836,000 after purchasing an additional 10,064 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of BankUnited in the fourth quarter worth about $766,000. SG Americas Securities LLC grew its stake in shares of BankUnited by 462.0% in the fourth quarter. SG Americas Securities LLC now owns 27,955 shares of the financial services provider's stock valued at $1,067,000 after buying an additional 22,981 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of BankUnited by 1.9% during 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 buying an additional 181,493 shares during the period. Institutional investors and hedge funds own 99.70% of the company's stock.

Insider Buying and Selling

In other BankUnited news, insider Kevin A. Malcolm sold 3,234 shares of the company's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total value of $113,772.12. Following the transaction, the insider now directly owns 12,250 shares of the company's stock, valued at $430,955. This represents a 20.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sanjiv Sobti bought 2,000 shares of the firm's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average cost of $32.07 per share, with a total value of $64,140.00. Following the completion of the transaction, the director now directly owns 20,782 shares of the company's stock, valued at approximately $666,478.74. This represents a 10.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.19% of the company's stock.

Wall Street Analyst Weigh In

BKU has been the topic of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. StockNews.com cut shares of BankUnited from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Royal Bank of Canada lifted their target price on BankUnited from $42.00 to $43.00 and gave the stock a "sector perform" rating in a research report on Thursday, January 23rd. Barclays cut their price target on shares of BankUnited from $44.00 to $38.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. 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 research 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's stock. According to MarketBeat, BankUnited currently has an average rating of "Hold" and a consensus target price of $42.18.

BankUnited Price Performance

NYSE BKU traded up $0.10 on Thursday, reaching $30.92. 288,849 shares of the stock traded hands, compared to its average volume of 777,792. BankUnited, Inc. has a 12 month low of $24.48 and a 12 month high of $44.45. The company has a market cap of $2.33 billion, a price-to-earnings ratio of 10.08 and a beta of 1.20. The firm's fifty day simple moving average is $34.86 and its 200 day simple moving average is $37.47. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04.

BankUnited (NYSE:BKU - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same period in the prior year, the business posted $0.26 earnings per share. As a group, research analysts predict that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 4.01%. This is a boost from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 11th. BankUnited's dividend payout ratio (DPR) is presently 40.26%.

BankUnited Company 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.