Savant Capital LLC Cuts Stock Position in BankUnited, Inc. $BKU

Savant Capital LLC reduced its position in BankUnited, Inc. (NYSE:BKU) by 80.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,615 shares of the financial services provider’s stock after selling 19,211 shares during the quarter. Savant Capital LLC’s holdings in BankUnited were worth $206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of BankUnited by 1.1% in the 3rd 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 shares of BankUnited by 23.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,070,822 shares of the financial services provider’s stock worth $117,183,000 after purchasing an additional 576,843 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of BankUnited by 9.4% in the 3rd quarter. American Century Companies Inc. now owns 2,163,936 shares of the financial services provider’s stock worth $82,576,000 after purchasing an additional 185,937 shares in the last quarter. Artemis Investment Management LLP purchased a new position in shares of BankUnited in the 4th quarter worth about $73,655,000. Finally, Cramer Rosenthal Mcglynn LLC boosted its holdings in shares of BankUnited by 20.9% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 1,535,274 shares of the financial services provider’s stock worth $58,586,000 after purchasing an additional 265,439 shares in the last quarter. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other BankUnited news, Director John N. Digiacomo sold 1,000 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $45.97, for a total value of $45,970.00. Following the completion of the sale, the director owned 15,027 shares in the company, valued at approximately $690,791.19. This trade represents a 6.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.00% of the company’s stock.

BankUnited Trading Up 0.1%

Shares of BKU stock opened at $47.18 on Monday. The stock has a market capitalization of $3.43 billion, a PE ratio of 13.14 and a beta of 1.17. BankUnited, Inc. has a 1-year low of $33.33 and a 1-year high of $52.11. The business has a 50-day moving average of $46.37 and a 200 day moving average of $46.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.82 and a quick ratio of 0.82.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.14). The company had revenue of $273.69 million for 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 in the prior year, the company earned $0.78 earnings per share. As a group, sell-side analysts anticipate that BankUnited, Inc. will post 4.16 earnings per share for the current year.

BankUnited Increases Dividend

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

Analyst Ratings Changes

A number of research firms have recently issued reports on BKU. Barclays cut their price objective on 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 BankUnited from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, March 30th. Weiss Ratings upgraded BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Raymond James Financial reiterated an “outperform” rating on shares of BankUnited in a report on Wednesday, April 22nd. Finally, Hovde Group cut their price objective on BankUnited from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. Seven equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, BankUnited has a consensus rating of “Hold” and a consensus price target of $53.27.

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.