Vanguard Group Inc. Has $366.39 Million Holdings in BankUnited, Inc. (NYSE:BKU)

Vanguard Group Inc. grew its position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,598,953 shares of the financial services provider's stock after acquiring an additional 181,493 shares during the quarter. Vanguard Group Inc. owned 12.84% of BankUnited worth $366,392,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in BKU. GAMMA Investing LLC boosted 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 purchasing an additional 426 shares during the last quarter. Blue Trust Inc. lifted its position 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 in the last quarter. Atria Investments Inc boosted its stake in shares of BankUnited by 7.2% during the 4th quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider's stock worth $314,000 after buying an additional 555 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in shares of BankUnited by 6.7% in the 4th quarter. Handelsbanken Fonder AB now owns 14,332 shares of the financial services provider's stock valued at $547,000 after acquiring an additional 900 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of BankUnited by 0.8% in the fourth quarter. Swiss National Bank now owns 147,100 shares of the financial services provider's stock valued at $5,615,000 after acquiring an additional 1,100 shares during the last quarter. 99.70% of the stock is owned by institutional investors.

BankUnited Stock Performance

BankUnited stock traded up $0.04 during trading hours on Monday, hitting $29.82. The company had a trading volume of 1,196,610 shares, compared to its average volume of 771,212. The firm has a 50-day moving average of $36.74 and a 200 day moving average of $37.85. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. The firm has a market cap of $2.23 billion, a PE ratio of 9.68 and a beta of 1.20. BankUnited, Inc. has a one year low of $24.34 and a one year high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share 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 quarter last year, the company earned $0.26 EPS. On average, sell-side analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.16%. This is an increase from BankUnited's previous quarterly dividend of $0.29. BankUnited's dividend payout ratio (DPR) is currently 40.26%.

Insider Activity

In related news, Director Sanjiv Sobti bought 1,000 shares of the business's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $32.83 per share, for a total transaction of $32,830.00. Following the transaction, the director now owns 21,782 shares in the company, valued at $715,103.06. The trade was a 4.81 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kevin A. Malcolm sold 3,234 shares of the 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 sale, the insider now directly owns 12,250 shares in the company, valued at approximately $430,955. This trade represents a 20.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BKU shares. Royal Bank of Canada raised their price target on BankUnited from $42.00 to $43.00 and gave the company a "sector perform" rating in a research note on Thursday, January 23rd. Wells Fargo & Company raised their target price on shares of BankUnited from $48.00 to $50.00 and gave the company an "overweight" rating in a research note on Thursday, January 23rd. Compass Point upped their price target on shares of BankUnited from $42.00 to $49.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Hovde Group decreased their price objective on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Finally, Piper Sandler upgraded shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price objective on the stock in a research note on Tuesday, March 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $43.45.

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.