63,300 Shares in BankUnited, Inc. (NYSE:BKU) Acquired by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 63,300 shares of the financial services provider's stock, valued at approximately $2,416,000. Canada Pension Plan Investment Board owned approximately 0.08% of BankUnited at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. MML Investors Services LLC bought a new position in shares of BankUnited in the 3rd quarter valued at $347,000. Barclays PLC increased its holdings in BankUnited by 48.3% in the 3rd quarter. Barclays PLC now owns 183,240 shares of the financial services provider's stock worth $6,677,000 after purchasing an additional 59,644 shares in the last quarter. Franklin Resources Inc. raised its position in BankUnited by 5.3% in the third quarter. Franklin Resources Inc. now owns 56,974 shares of the financial services provider's stock valued at $2,097,000 after purchasing an additional 2,856 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of BankUnited by 9.2% during the fourth quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider's stock valued at $193,000 after purchasing an additional 426 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of BankUnited by 1.6% during the fourth quarter. Nordea Investment Management AB now owns 103,208 shares of the financial services provider's stock worth $3,950,000 after purchasing an additional 1,595 shares during the last quarter. Institutional investors own 99.70% of the company's stock.

Insiders Place Their Bets

In other news, Director Sanjiv Sobti acquired 2,000 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average cost of $32.07 per share, for a total transaction of $64,140.00. Following the completion of the transaction, the director now owns 20,782 shares of the company's stock, valued at $666,478.74. The trade was a 10.65 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kevin A. Malcolm sold 3,234 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total transaction of $113,772.12. Following the sale, the insider now directly owns 12,250 shares in the company, valued at $430,955. This trade represents a 20.89 % decrease in their position. The disclosure for this sale can be found here. 1.15% of the stock is owned by corporate insiders.

BankUnited Stock Performance

BKU traded down $0.65 during midday trading on Tuesday, reaching $32.24. The company had a trading volume of 114,581 shares, compared to its average volume of 784,356. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The stock has a market cap of $2.43 billion, a PE ratio of 10.48 and a beta of 1.20. The business has a 50-day moving average price of $33.54 and a two-hundred day moving average price of $37.32. BankUnited, Inc. has a 12-month low of $26.70 and a 12-month high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. The company had revenue of $255.41 million during the quarter, compared to the consensus estimate of $264.35 million. During the same period last year, the firm earned $0.64 EPS. On average, sell-side analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.85%. This is a positive change from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 11th. BankUnited's payout ratio is presently 40.26%.

Analysts Set New Price Targets

Several research firms recently commented on BKU. Piper Sandler upgraded shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 target price on the stock in a research report on Tuesday, March 11th. Barclays cut their price target on shares of BankUnited from $44.00 to $38.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Hovde Group lowered their target price on BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Wells Fargo & Company reduced their price target on BankUnited from $50.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Finally, Royal Bank of Canada lifted their price objective on BankUnited from $42.00 to $43.00 and gave the stock a "sector perform" rating in a research note on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $42.18.

BankUnited Company 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.