BankUnited, Inc. (NYSE:BKU) Shares Sold by State Street Corp

State Street Corp decreased its holdings in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 2.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,400,949 shares of the financial services provider's stock after selling 117,318 shares during the period. State Street Corp owned approximately 5.89% of BankUnited worth $160,371,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of BKU. CWM LLC boosted its stake in shares of BankUnited by 307.6% in the second quarter. CWM LLC now owns 1,928 shares of the financial services provider's stock valued at $56,000 after buying an additional 1,455 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of BankUnited during the 2nd quarter worth $74,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BankUnited during the 2nd quarter worth $169,000. GAMMA Investing LLC increased its holdings in shares of BankUnited by 17.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider's stock valued at $169,000 after purchasing an additional 686 shares in the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of BankUnited in the second quarter valued at about $175,000. 99.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on BKU. The Goldman Sachs Group upped their target price on shares of BankUnited from $36.00 to $42.00 and gave the stock a "sell" rating in a research report on Tuesday, November 26th. Compass Point upped their price target on BankUnited from $42.00 to $49.00 and gave the stock a "buy" rating in a report on Tuesday. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.00 price objective on shares of BankUnited in a report on Wednesday, October 23rd. Keefe, Bruyette & Woods upped their target price on BankUnited from $38.00 to $45.00 and gave the company a "market perform" rating in a report on Wednesday, December 4th. Finally, Citigroup dropped their price target on BankUnited from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, BankUnited has a consensus rating of "Hold" and a consensus price target of $41.45.

Insider Buying and Selling at BankUnited

In other news, COO Thomas M. Cornish sold 10,778 shares of the business'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 sale, the chief operating officer now directly owns 100,000 shares of the company's stock, valued at $3,911,000. The trade was a 9.73 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Jay D. Richards sold 2,500 shares of the company's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total value of $102,950.00. Following the sale, the insider now owns 34,687 shares of the company's stock, valued at approximately $1,428,410.66. The trade was a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is owned by company insiders.

BankUnited Trading Down 0.3 %

Shares of BankUnited stock traded down $0.12 during mid-day trading on Friday, hitting $40.55. 510,434 shares of the stock were exchanged, compared to its average volume of 803,515. The stock has a market capitalization of $3.03 billion, a price-to-earnings ratio of 16.62 and a beta of 1.36. BankUnited, Inc. has a twelve month low of $24.34 and a twelve month high of $44.45. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. The company has a 50-day simple moving average of $38.80 and a 200 day simple moving average of $35.38.

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

BankUnited Announces Dividend

The firm 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. This represents a $1.16 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Friday, October 11th. BankUnited's payout ratio is 47.54%.

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.