Vestcor Inc Has $665,000 Stake in BankUnited, Inc. (NYSE:BKU)

Vestcor Inc raised its stake in BankUnited, Inc. (NYSE:BKU - Free Report) by 127.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,416 shares of the financial services provider's stock after buying an additional 9,766 shares during the period. Vestcor Inc's holdings in BankUnited were worth $665,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

BKU has been the subject of several recent research reports. Barclays cut their price objective on BankUnited from $45.00 to $44.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. StockNews.com lowered BankUnited from a "buy" rating to a "hold" rating in a report on Tuesday. Wells Fargo & Company increased their target price on shares of BankUnited from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Keefe, Bruyette & Woods increased their target price on shares of BankUnited from $38.00 to $45.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Finally, Compass Point increased their target price 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. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $43.18.

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BankUnited Stock Performance

BKU stock traded down $0.14 during trading on Thursday, reaching $34.69. 658,213 shares of the stock were exchanged, compared to its average volume of 706,043. BankUnited, Inc. has a twelve month low of $24.34 and a twelve month high of $44.45. The company has a market capitalization of $2.59 billion, a P/E ratio of 11.26 and a beta of 1.40. The stock has a 50 day simple moving average of $38.18 and a 200-day simple moving average of $38.10. 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 (NYSE:BKU - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating 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 in the previous year, the company earned $0.26 earnings per share. As a group, sell-side analysts anticipate that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Friday, January 10th. BankUnited's dividend payout ratio is presently 37.66%.

Insiders Place Their Bets

In other BankUnited news, insider Kevin A. Malcolm sold 3,234 shares of the business's 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 transaction, the insider now owns 12,250 shares of the company's stock, valued at $430,955. The trade was a 20.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sanjiv Sobti purchased 1,000 shares of the stock in a transaction on Thursday, March 13th. The shares were acquired 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 of the company's stock, valued at approximately $715,103.06. The trade was a 4.81 % increase in their ownership of the stock. The disclosure for this purchase 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.