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

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

A number of other large investors have also made changes to their positions in BKU. Blue Trust Inc. increased its position in 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 purchasing an additional 547 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of BankUnited by 270.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 1,407 shares during the period. R Squared Ltd acquired a new stake in shares of BankUnited during the fourth quarter valued at about $113,000. KBC Group NV increased its holdings in BankUnited by 87.8% during 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 last quarter. Finally, GAMMA Investing LLC raised its holdings in BankUnited by 9.2% in the fourth quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider's stock valued at $193,000 after acquiring an additional 426 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. 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 report on Tuesday, March 11th. Barclays cut their price objective on shares of BankUnited from $45.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Friday, December 20th. Wells Fargo & Company lifted their price target on BankUnited from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Compass Point upped their price objective on BankUnited from $42.00 to $49.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Finally, 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 report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $43.45.

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BankUnited Trading Down 0.3 %

Shares of BKU traded down $0.12 during midday trading on Wednesday, hitting $35.44. The stock had a trading volume of 455,002 shares, compared to its average volume of 705,989. The business has a 50-day simple moving average of $37.97 and a two-hundred day simple moving average of $38.04. The firm has a market cap of $2.65 billion, a P/E ratio of 11.51 and a beta of 1.40. 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 fifty-two week low of $24.34 and a fifty-two week high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping 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 last year, the business posted $0.26 earnings per share. As a group, equities analysts forecast that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.27%. The ex-dividend date was Friday, January 10th. BankUnited's payout ratio is 37.66%.

Insider Buying and Selling

In related news, Director Sanjiv Sobti bought 1,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was bought at an average price of $32.83 per share, with a total value of $32,830.00. Following the purchase, the director now directly owns 21,782 shares of the company's stock, valued at approximately $715,103.06. This represents a 4.81 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Kevin A. Malcolm sold 3,234 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 12,250 shares in the company, valued at $430,955. This trade represents a 20.89 % 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 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.