Kennedy Capital Management LLC Sells 1,080 Shares of BankUnited, Inc. (NYSE:BKU)

Kennedy Capital Management LLC lowered its position in BankUnited, Inc. (NYSE:BKU) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 149,959 shares of the financial services provider’s stock after selling 1,080 shares during the period. Kennedy Capital Management LLC’s holdings in BankUnited were worth $5,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Blue Trust Inc. lifted its stake in shares of BankUnited by 182.3% during the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 547 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of BankUnited by 42.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 410 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake 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 valued at $74,000 after purchasing an additional 1,407 shares during the period. R Squared Ltd bought a new position in shares of BankUnited in the fourth quarter worth about $113,000. Finally, KBC Group NV increased its stake in BankUnited by 87.8% in the 4th 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 during the period. Institutional investors own 99.70% of the company’s stock.

Insider Activity at BankUnited

In related news, insider Kevin A. Malcolm sold 3,234 shares of the business’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total transaction of $113,772.12. Following the completion of the transaction, the insider now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sanjiv Sobti purchased 1,000 shares of the business’s stock in a transaction on Thursday, March 13th. The shares were bought at an average cost of $32.83 per share, for a total transaction of $32,830.00. Following the completion of the transaction, the director now directly owns 21,782 shares in the company, valued at $715,103.06. This trade represents a 4.81 % increase in their position. The disclosure for this purchase can be found here. 1.19% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Barclays lowered their price objective on shares of BankUnited from $44.00 to $38.00 and set an “equal weight” rating for the company in a research report on Tuesday. Piper Sandler raised BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price target on the stock in a research report on Tuesday, March 11th. StockNews.com lowered shares of BankUnited from a “buy” rating to a “hold” rating in a research note on Tuesday, March 18th. Hovde Group cut their target price on shares of BankUnited from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. Finally, Wells Fargo & Company lowered their price target on shares of BankUnited from $50.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday. 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.18.

BankUnited Trading Down 0.6 %

Shares of BankUnited stock opened at $29.64 on Friday. BankUnited, Inc. has a 12-month low of $24.34 and a 12-month high of $44.45. The firm’s 50 day simple moving average is $35.49 and its two-hundred day simple moving average is $37.59. 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 firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 9.62 and a beta of 1.20.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping 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 last year, the business posted $0.26 earnings per share. Analysts predict that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be issued a dividend of $0.31 per share. This is an increase from BankUnited’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, April 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.18%. BankUnited’s payout ratio is 40.26%.

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.