Mitsubishi UFJ Trust & Banking Corp Sells 40,363 Shares of BankUnited, Inc. $BKU

Mitsubishi UFJ Trust & Banking Corp cut its holdings in BankUnited, Inc. (NYSE:BKU) by 42.2% in the fourth quarter, HoldingsChannel reports. The firm owned 55,250 shares of the financial services provider’s stock after selling 40,363 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in BankUnited were worth $2,462,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in BankUnited by 1.1% in the third quarter. Dimensional Fund Advisors LP now owns 4,596,455 shares of the financial services provider’s stock worth $175,400,000 after purchasing an additional 51,926 shares in the last quarter. Wellington Management Group LLP boosted its holdings in BankUnited by 23.1% during the third quarter. Wellington Management Group LLP now owns 3,070,822 shares of the financial services provider’s stock valued at $117,183,000 after acquiring an additional 576,843 shares during the period. American Century Companies Inc. boosted its holdings in BankUnited by 9.4% during the third quarter. American Century Companies Inc. now owns 2,163,936 shares of the financial services provider’s stock valued at $82,576,000 after acquiring an additional 185,937 shares during the period. Cramer Rosenthal Mcglynn LLC boosted its holdings in BankUnited by 20.9% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,535,274 shares of the financial services provider’s stock valued at $58,586,000 after acquiring an additional 265,439 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in BankUnited by 1.0% during the second quarter. Ameriprise Financial Inc. now owns 1,475,797 shares of the financial services provider’s stock valued at $52,524,000 after acquiring an additional 14,358 shares during the period. 99.70% of the stock is currently owned by institutional investors.

BankUnited Stock Performance

NYSE:BKU opened at $46.16 on Tuesday. BankUnited, Inc. has a 12-month low of $32.97 and a 12-month high of $52.11. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $3.40 billion, a PE ratio of 12.86 and a beta of 1.19. The firm has a 50-day moving average price of $45.94 and a 200 day moving average price of $44.81.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.14). BankUnited had a return on equity of 9.11% and a net margin of 14.46%.The business had revenue of $273.69 million during the quarter, compared to analyst estimates of $284.57 million. During the same period last year, the company earned $0.78 EPS. Research analysts anticipate that BankUnited, Inc. will post 4.15 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.9%. This is a boost from BankUnited’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, April 10th. BankUnited’s dividend payout ratio (DPR) is currently 36.77%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on BKU shares. Susquehanna upgraded shares of BankUnited to a “positive” rating in a report on Wednesday, January 21st. Piper Sandler upped their price target on shares of BankUnited from $42.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, January 22nd. Barclays decreased their price target on shares of BankUnited from $55.00 to $53.00 and set an “equal weight” rating for the company in a report on Tuesday, April 7th. Wells Fargo & Company upped their price objective on shares of BankUnited from $50.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, March 30th. Finally, Hovde Group cut their price objective on shares of BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Thursday, April 23rd. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $53.27.

Insider Activity

In other BankUnited news, insider Kevin A. Malcolm sold 3,447 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $47.11, for a total transaction of $162,388.17. Following the sale, the insider directly owned 11,500 shares of the company’s stock, valued at approximately $541,765. This represents a 23.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sanjiv Sobti sold 5,000 shares of the company’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $50.88, for a total transaction of $254,400.00. Following the sale, the director directly owned 18,816 shares in the company, valued at $957,358.08. This represents a 20.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 1.00% of the company’s stock.

BankUnited Profile

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.