Proficio Capital Partners LLC bought a new position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 20,074 shares of the financial services provider's stock, valued at approximately $766,000.
A number of other large investors also recently made changes to their positions in the company. Blue Trust Inc. grew its position in BankUnited by 182.3% during the fourth 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. R Squared Ltd acquired a new stake in BankUnited during the fourth quarter worth approximately $113,000. KBC Group NV grew its position in 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 buying an additional 1,883 shares in the last quarter. GAMMA Investing LLC grew its position 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 buying an additional 426 shares in the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in BankUnited during the third quarter worth approximately $257,000. Institutional investors own 99.70% of the company's stock.
BKU has been the topic of a number of analyst reports. Barclays reduced their price target 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. Keefe, Bruyette & Woods increased their price target on BankUnited from $38.00 to $45.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 4th. Wells Fargo & Company increased their price target on BankUnited from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. Compass Point raised their target price on BankUnited from $42.00 to $49.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Finally, Royal Bank of Canada raised their target price on BankUnited from $42.00 to $43.00 and gave the company a "sector perform" rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $43.40.
Get Our Latest Analysis on BKU
Shares of BKU traded down $0.87 during trading hours on Friday, reaching $32.98. The stock had a trading volume of 1,317,182 shares, compared to its average volume of 756,409. BankUnited, Inc. has a 12 month low of $24.34 and a 12 month high of $44.45. The stock has a market capitalization of $2.47 billion, a PE ratio of 10.71 and a beta of 1.40. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The company's 50-day moving average is $38.96 and its two-hundred day moving average is $38.34.
BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS 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 business posted $0.26 earnings per share. Research analysts expect that BankUnited, Inc. will post 3.13 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Friday, January 10th. BankUnited's payout ratio is 37.66%.
In other news, 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 completion of the transaction, the insider now directly owns 12,250 shares in the company, valued at approximately $430,955. This represents a 20.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.19% of the stock is owned by corporate insiders.
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.
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