BankUnited, Inc. $BKU Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its position in BankUnited, Inc. (NYSE:BKU) by 45.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,456 shares of the financial services provider’s stock after selling 11,288 shares during the period. Oppenheimer Asset Management Inc.’s holdings in BankUnited were worth $600,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Moody Aldrich Partners LLC acquired a new position in shares of BankUnited in the fourth quarter valued at about $5,809,000. Torren Management LLC acquired a new position in shares of BankUnited in the fourth quarter valued at about $62,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of BankUnited in the fourth quarter valued at about $237,000. UBS Group AG increased its holdings in shares of BankUnited by 398.0% in the fourth quarter. UBS Group AG now owns 1,170,378 shares of the financial services provider’s stock valued at $52,164,000 after purchasing an additional 935,370 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of BankUnited by 34.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,908 shares of the financial services provider’s stock valued at $976,000 after purchasing an additional 5,587 shares during the period. 99.70% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on BKU shares. Keefe, Bruyette & Woods dropped their target price on BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a report on Thursday, April 23rd. The Goldman Sachs Group reaffirmed a “sell” rating on shares of BankUnited in a report on Monday, February 2nd. Zacks Research lowered BankUnited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Royal Bank Of Canada raised their target price on BankUnited from $48.00 to $53.00 and gave the stock a “sector perform” rating in a report on Thursday, January 22nd. Finally, Raymond James Financial reaffirmed an “outperform” rating on shares of BankUnited in a report on Wednesday, April 22nd. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $53.27.

BankUnited Stock Performance

Shares of BKU stock opened at $47.99 on Thursday. The company has a market capitalization of $3.54 billion, a P/E ratio of 13.37 and a beta of 1.19. The business’s 50 day moving average is $45.88 and its two-hundred day moving average is $44.95. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. BankUnited, Inc. has a 12-month low of $33.05 and a 12-month high of $52.11.

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

BankUnited Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. This is a boost from BankUnited’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, April 10th. BankUnited’s dividend payout ratio (DPR) is presently 36.77%.

Insider Activity at BankUnited

In other news, insider Kevin A. Malcolm sold 3,447 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $47.11, for a total value of $162,388.17. Following the transaction, the insider owned 11,500 shares in the company, valued at $541,765. This trade represents a 23.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Sanjiv Sobti sold 5,000 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $50.88, for a total value of $254,400.00. Following the transaction, the director directly owned 18,816 shares in the company, valued at $957,358.08. This trade represents a 20.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Company 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.