Proficio Capital Partners LLC Makes New $766,000 Investment in BankUnited, Inc. (NYSE:BKU)

Proficio Capital Partners LLC bought a new position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 20,074 shares of the financial services provider's stock, valued at approximately $766,000.

A number of other institutional investors have also recently made changes to their positions in BKU. Blue Trust Inc. raised its position in shares of BankUnited by 182.3% during the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock worth $31,000 after acquiring an additional 547 shares during the last quarter. R Squared Ltd bought a new position in BankUnited during the 4th quarter worth approximately $113,000. KBC Group NV lifted its position in shares of BankUnited by 87.8% in the 4th quarter. KBC Group NV now owns 4,028 shares of the financial services provider's stock worth $154,000 after purchasing an additional 1,883 shares during the period. GAMMA Investing LLC boosted its stake in shares of BankUnited by 9.2% in the 4th quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider's stock valued at $193,000 after purchasing an additional 426 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in shares of BankUnited during the third quarter worth $257,000. Institutional investors own 99.70% of the company's stock.

Insider Activity

In related news, insider Kevin A. Malcolm sold 3,234 shares of the stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total transaction of $113,772.12. Following the completion of the sale, the insider now directly owns 12,250 shares of the company's stock, valued at approximately $430,955. This trade represents a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.19% of the stock is currently owned by corporate insiders.

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Wall Street Analyst Weigh In

Several equities analysts recently issued reports on BKU shares. Royal Bank of Canada boosted their target price on shares of BankUnited from $42.00 to $43.00 and gave the company a "sector perform" rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their target price on BankUnited from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their target price on BankUnited from $38.00 to $45.00 and gave the stock a "market perform" rating in a research note on Wednesday, December 4th. Piper Sandler raised BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price target on the stock in a research note on Tuesday. Finally, Barclays reduced their price objective on shares of BankUnited from $45.00 to $44.00 and set an "equal weight" rating for the company in a research report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $43.18.

BankUnited Stock Up 2.6 %

Shares of NYSE:BKU traded up $0.86 during midday trading on Wednesday, hitting $33.31. 603,693 shares of the company's stock were exchanged, compared to its average volume of 782,162. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. BankUnited, Inc. has a 12 month low of $24.34 and a 12 month high of $44.45. The company has a market cap of $2.49 billion, a PE ratio of 10.81 and a beta of 1.40. The stock has a 50 day moving average price of $38.71 and a 200-day moving average price of $38.27.

BankUnited (NYSE:BKU - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping 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 period in the prior year, the firm earned $0.26 earnings per share. On average, sell-side analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a $0.29 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.16 annualized dividend and a dividend yield of 3.48%. BankUnited's payout ratio is 37.66%.

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.