Vestmark Advisory Solutions Inc. Invests $321,000 in BankUnited, Inc. (NYSE:BKU)

Vestmark Advisory Solutions Inc. purchased a new position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,405 shares of the financial services provider's stock, valued at approximately $321,000.

Several other hedge funds have also recently added to or reduced their stakes in BKU. Wolverine Asset Management LLC lifted its stake in BankUnited by 25.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 11,061 shares of the financial services provider's stock worth $403,000 after purchasing an additional 2,267 shares in the last quarter. Versor Investments LP purchased a new position in BankUnited during the third quarter worth approximately $302,000. GSA Capital Partners LLP acquired a new position in BankUnited during the third quarter worth $257,000. Aigen Investment Management LP purchased a new stake in BankUnited in the 3rd quarter valued at $257,000. Finally, Quest Partners LLC purchased a new stake in BankUnited in the 3rd quarter valued at $825,000. 99.70% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Kevin A. Malcolm sold 3,234 shares of the company'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 value of $113,772.12. Following the sale, the insider now owns 12,250 shares of the company's stock, valued at approximately $430,955. This represents a 20.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.19% of the company's stock.

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Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods boosted their price target on shares of BankUnited from $38.00 to $45.00 and gave the company a "market perform" rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their target price on shares of BankUnited from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. The Goldman Sachs Group increased their price target on shares of BankUnited from $36.00 to $42.00 and gave the company a "sell" rating in a research note on Tuesday, November 26th. Royal Bank of Canada lifted their price target on shares of BankUnited from $42.00 to $43.00 and gave the company a "sector perform" rating in a research report on Thursday, January 23rd. Finally, StockNews.com upgraded BankUnited from a "hold" rating to a "buy" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, BankUnited presently has an average rating of "Hold" and a consensus price target of $43.18.

BankUnited Price Performance

Shares of NYSE:BKU traded down $0.36 during trading on Thursday, hitting $32.99. 853,162 shares of the stock were exchanged, compared to its average volume of 788,911. The company has a market cap of $2.47 billion, a PE ratio of 10.71 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. The company has a fifty day moving average price of $38.61 and a two-hundred day moving average price of $38.24. BankUnited, Inc. has a 12-month low of $24.34 and a 12-month 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 earnings per share for the quarter, beating 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 earned $0.26 earnings per share. On average, 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. Shareholders of record on Friday, January 10th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Friday, January 10th. BankUnited's dividend payout ratio (DPR) is presently 37.66%.

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.