LSV Asset Management Sells 109,972 Shares of BankUnited, Inc. $BKU

LSV Asset Management lessened its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 26.1% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 311,808 shares of the financial services provider’s stock after selling 109,972 shares during the period. LSV Asset Management’s holdings in BankUnited were worth $13,897,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Smartleaf Asset Management LLC grew its holdings in shares of BankUnited by 23.5% during the third quarter. Smartleaf Asset Management LLC now owns 1,452 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 276 shares during the last quarter. Covestor Ltd grew its holdings in shares of BankUnited by 20.9% during the fourth quarter. Covestor Ltd now owns 1,673 shares of the financial services provider’s stock worth $75,000 after purchasing an additional 289 shares during the last quarter. Arizona State Retirement System grew its holdings in shares of BankUnited by 1.4% during the third quarter. Arizona State Retirement System now owns 22,256 shares of the financial services provider’s stock worth $849,000 after purchasing an additional 298 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of BankUnited by 1.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 17,213 shares of the financial services provider’s stock worth $767,000 after purchasing an additional 300 shares during the last quarter. Finally, Amalgamated Bank lifted its stake in shares of BankUnited by 1.8% during the third quarter. Amalgamated Bank now owns 21,812 shares of the financial services provider’s stock valued at $832,000 after acquiring an additional 393 shares during the period. Institutional investors own 99.70% of the company’s stock.

BankUnited Trading Up 0.1%

NYSE:BKU opened at $46.27 on Tuesday. BankUnited, Inc. has a 1-year low of $33.06 and a 1-year high of $52.11. The business’s 50-day moving average price is $45.84 and its two-hundred day moving average price is $45.64. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 12.89 and a beta of 1.19.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.14). BankUnited had a net margin of 14.46% and a return on equity of 9.11%. The company had revenue of $273.69 million during the quarter, compared to analyst estimates of $284.57 million. During the same period in the previous year, the company posted $0.78 EPS. On average, equities analysts expect that BankUnited, Inc. will post 4.16 earnings per share for the current year.

BankUnited Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, April 10th. This is a boost from BankUnited’s previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.9%. BankUnited’s dividend payout ratio is 36.77%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on BKU shares. Weiss Ratings lowered BankUnited from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, May 15th. Cantor Fitzgerald upped their price target on BankUnited from $51.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Raymond James Financial reaffirmed an “outperform” rating on shares of BankUnited in a research note on Wednesday, April 22nd. Wells Fargo & Company upped their price target on BankUnited from $50.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, March 30th. Finally, Hovde Group cut their price target on BankUnited from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Thursday, April 23rd. Seven analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, BankUnited presently has an average rating of “Hold” and a consensus target price of $53.27.

Insider Activity

In related news, insider Kevin A. Malcolm sold 3,447 shares of the stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $47.11, for a total transaction of $162,388.17. Following the completion of the transaction, the insider directly owned 11,500 shares in the company, valued at approximately $541,765. This trade represents a 23.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

About BankUnited

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.