Sei Investments Co. Decreases Stake in BankUnited, Inc. (NYSE:BKU)

Sei Investments Co. reduced its holdings in BankUnited, Inc. (NYSE:BKU - Free Report) by 32.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 206,543 shares of the financial services provider's stock after selling 99,847 shares during the quarter. Sei Investments Co. owned about 0.28% of BankUnited worth $7,884,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of BKU. Blue Trust Inc. raised its stake in BankUnited by 182.3% during the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock worth $31,000 after buying an additional 547 shares during the period. Smartleaf Asset Management LLC grew its position in BankUnited by 270.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider's stock worth $74,000 after purchasing an additional 1,407 shares in the last quarter. R Squared Ltd bought a new position in shares of BankUnited during the 4th quarter worth approximately $113,000. KBC Group NV grew its position in BankUnited by 87.8% during the fourth quarter. KBC Group NV now owns 4,028 shares of the financial services provider's stock valued at $154,000 after buying an additional 1,883 shares during the period. Finally, GAMMA Investing LLC increased its holdings in BankUnited by 9.2% during the fourth quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider's stock worth $193,000 after buying an additional 426 shares during the last quarter. Institutional investors own 99.70% of the company's stock.

Insider Activity

In other BankUnited news, Director Sanjiv Sobti acquired 1,000 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $32.83 per share, with a total value of $32,830.00. Following the completion of the purchase, the director now directly owns 21,782 shares of the company's stock, valued at approximately $715,103.06. The trade was a 4.81 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Kevin A. Malcolm sold 3,234 shares of the business's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total value of $113,772.12. Following the completion of the sale, 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. Insiders own 1.19% of the company's stock.

Analyst Ratings Changes

BKU has been the topic of several research analyst reports. Compass Point upped their price objective on BankUnited from $42.00 to $49.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. 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 note on Friday, December 20th. Hovde Group decreased their target price on BankUnited from $46.00 to $44.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. 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. Finally, StockNews.com downgraded shares of BankUnited from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $43.45.

BankUnited Trading Down 10.5 %

NYSE:BKU traded down $3.64 during trading hours on Thursday, reaching $30.87. The company's stock had a trading volume of 1,395,496 shares, compared to its average volume of 766,766. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 10.02 and a beta of 1.40. The firm has a 50-day simple moving average of $37.18 and a 200-day simple moving average of $37.94. BankUnited, Inc. has a 1 year low of $24.34 and a 1 year high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings results 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 return on equity of 8.48% and a net margin of 11.48%. During the same period in the previous year, the company posted $0.26 EPS. Research analysts expect that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Increases Dividend

The firm also recently declared 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 4.02%. The ex-dividend date of this dividend is Friday, April 11th. This is an increase from BankUnited's previous quarterly dividend of $0.29. BankUnited's payout ratio is currently 40.26%.

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.