Aristotle Capital Boston LLC Sells 73,648 Shares of BankUnited, Inc. (NYSE:BKU)

Aristotle Capital Boston LLC cut its holdings in BankUnited, Inc. (NYSE:BKU - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 726,900 shares of the financial services provider's stock after selling 73,648 shares during the quarter. Aristotle Capital Boston LLC owned about 0.97% of BankUnited worth $27,746,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of BankUnited by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider's stock worth $366,392,000 after purchasing an additional 181,493 shares in the last quarter. JPMorgan Chase & Co. grew its position in BankUnited by 12.9% in the fourth quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider's stock worth $107,696,000 after buying an additional 322,368 shares during the last quarter. Royce & Associates LP increased its holdings in shares of BankUnited by 3.3% in the fourth quarter. Royce & Associates LP now owns 1,149,827 shares of the financial services provider's stock valued at $43,889,000 after buying an additional 36,328 shares in the last quarter. Northern Trust Corp lifted its position in shares of BankUnited by 17.0% during the 4th quarter. Northern Trust Corp now owns 875,450 shares of the financial services provider's stock valued at $33,416,000 after acquiring an additional 127,159 shares during the last quarter. Finally, Freestone Grove Partners LP bought a new stake in shares of BankUnited during the 4th quarter worth $30,499,000. 99.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Barclays reduced their target price on BankUnited from $44.00 to $38.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Piper Sandler raised shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price objective for the company in a research note on Tuesday, March 11th. Keefe, Bruyette & Woods dropped their target price on shares of BankUnited from $40.00 to $38.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. Wells Fargo & Company cut their price target on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, Hovde Group lowered their price objective on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, BankUnited currently has a consensus rating of "Hold" and an average target price of $40.55.

BankUnited Stock Up 4.5 %

Shares of NYSE:BKU traded up $1.50 during midday trading on Thursday, hitting $34.62. 692,527 shares of the stock were exchanged, compared to its average volume of 844,832. The company has a market capitalization of $2.60 billion, a PE ratio of 11.24 and a beta of 1.29. BankUnited, Inc. has a 52-week low of $26.78 and a 52-week high of $44.45. 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 business's fifty day simple moving average is $32.93 and its two-hundred day simple moving average is $37.12.

BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.04. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. The business had revenue of $255.41 million during the quarter, compared to analyst estimates of $264.35 million. During the same period in the previous year, the company earned $0.64 EPS. As a group, research analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were paid a dividend of $0.31 per share. This is a positive change from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.24 annualized dividend and a dividend yield of 3.58%. BankUnited's dividend payout ratio is 38.51%.

Insider Activity

In other news, insider Kevin A. Malcolm sold 3,234 shares of BankUnited stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total value of $113,772.12. Following the transaction, the insider now directly owns 12,250 shares in the company, valued at approximately $430,955. The trade was a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Sanjiv Sobti bought 1,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $32.83 per share, with a total value of $32,830.00. Following the purchase, the director now owns 21,782 shares in the company, valued at $715,103.06. This trade represents a 4.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.15% of the stock is owned by insiders.

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.