27,500 Shares in BankUnited, Inc. $BKU Purchased by Bayview Asset Management LLC

Bayview Asset Management LLC bought a new position in BankUnited, Inc. (NYSE:BKU) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 27,500 shares of the financial services provider’s stock, valued at approximately $947,000. BankUnited comprises about 0.4% of Bayview Asset Management LLC’s investment portfolio, making the stock its 13th biggest position.

Other large investors also recently modified their holdings of the company. Brooklyn Investment Group grew its stake in shares of BankUnited by 14,050.0% in the first quarter. Brooklyn Investment Group now owns 849 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 843 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of BankUnited by 165.5% in the first quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider’s stock worth $65,000 after purchasing an additional 1,175 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BankUnited in the fourth quarter worth about $73,000. Headlands Technologies LLC grew its stake in shares of BankUnited by 697.4% in the first quarter. Headlands Technologies LLC now owns 2,464 shares of the financial services provider’s stock worth $85,000 after purchasing an additional 2,155 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of BankUnited in the fourth quarter worth about $216,000. 99.70% of the stock is owned by institutional investors.

Insider Buying and Selling

In other BankUnited news, insider Jay D. Richards sold 3,942 shares of the stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $38.81, for a total transaction of $152,989.02. Following the sale, the insider directly owned 39,193 shares in the company, valued at $1,521,080.33. This represents a 9.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Douglas J. Pauls sold 3,500 shares of the stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $38.79, for a total transaction of $135,765.00. Following the sale, the director owned 43,205 shares in the company, valued at approximately $1,675,921.95. This trade represents a 7.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.15% of the stock is owned by corporate insiders.

BankUnited Stock Performance

Shares of BKU stock opened at $39.26 on Thursday. The firm’s 50 day moving average price is $37.03 and its 200-day moving average price is $35.35. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.84 and a current ratio of 0.84. BankUnited, Inc. has a one year low of $28.21 and a one year high of $44.45. The firm has a market cap of $2.95 billion, a P/E ratio of 11.51 and a beta of 1.32.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.79 by $0.12. BankUnited had a net margin of 13.19% and a return on equity of 9.00%. The firm had revenue of $273.93 million for the quarter, compared to analyst estimates of $267.17 million. During the same period in the prior year, the business posted $0.72 EPS. As a group, equities research analysts predict that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, July 11th. This represents a $1.24 dividend on an annualized basis and a yield of 3.2%. BankUnited’s dividend payout ratio is 36.36%.

Analyst Upgrades and Downgrades

BKU has been the topic of several recent analyst reports. Jefferies Financial Group initiated coverage on BankUnited in a research note on Wednesday, May 21st. They issued a “hold” rating and a $39.00 target price on the stock. Piper Sandler restated a “neutral” rating and issued a $43.00 price objective (up from $41.00) on shares of BankUnited in a report on Thursday, July 24th. Wells Fargo & Company raised their price objective on shares of BankUnited from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, July 24th. Hovde Group raised their price objective on shares of BankUnited from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of BankUnited from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Monday, July 28th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, BankUnited has a consensus rating of “Hold” and a consensus target price of $41.55.

BankUnited Profile

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.