Victory Capital Management Inc. Has $7.03 Million Stock Holdings in BankUnited, Inc. (NYSE:BKU)

Victory Capital Management Inc. lessened its position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 7.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 184,220 shares of the financial services provider's stock after selling 15,125 shares during the period. Victory Capital Management Inc. owned about 0.25% of BankUnited worth $7,032,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Alpha DNA Investment Management LLC bought a new stake in shares of BankUnited in the 3rd quarter worth approximately $443,000. Principal Financial Group Inc. lifted its holdings in shares of BankUnited by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider's stock worth $13,836,000 after purchasing an additional 10,064 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of BankUnited in the 4th quarter worth approximately $766,000. SG Americas Securities LLC lifted its holdings in shares of BankUnited by 462.0% in the 4th quarter. SG Americas Securities LLC now owns 27,955 shares of the financial services provider's stock worth $1,067,000 after purchasing an additional 22,981 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of BankUnited by 211.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 59,594 shares of the financial services provider's stock worth $2,172,000 after purchasing an additional 40,461 shares during the last quarter. Institutional investors own 99.70% of the company's stock.

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Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Compass Point raised their price target on BankUnited from $42.00 to $49.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. Wells Fargo & Company raised their price target on BankUnited from $48.00 to $50.00 and gave the stock an "overweight" rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their price target on BankUnited from $38.00 to $45.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Barclays lowered their target price on BankUnited from $45.00 to $44.00 and set an "equal weight" rating on the stock in a research report on Friday, December 20th. Finally, StockNews.com cut BankUnited from a "buy" rating to a "hold" rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $43.18.

BankUnited Price Performance

Shares of BKU stock traded up $0.12 during mid-day trading on Tuesday, hitting $34.46. 668,611 shares of the stock traded hands, compared to its average volume of 706,025. BankUnited, Inc. has a twelve month low of $24.34 and a twelve month high of $44.45. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 11.19 and a beta of 1.40. The company's 50-day simple moving average is $38.33 and its 200-day simple moving average is $38.15. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86.

BankUnited (NYSE:BKU - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the previous year, the firm posted $0.26 EPS. As a group, equities research analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.37%. The ex-dividend date was Friday, January 10th. BankUnited's dividend payout ratio (DPR) is presently 37.66%.

Insider Buying and Selling

In related news, Director Sanjiv Sobti bought 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $32.07 per share, for a total transaction of $64,140.00. Following the acquisition, the director now directly owns 20,782 shares of the company's stock, valued at $666,478.74. The trade was a 10.65 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Kevin A. Malcolm sold 3,234 shares of BankUnited 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 transaction, the insider now owns 12,250 shares in the company, valued at $430,955. The trade was 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.

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.