Hsbc Holdings PLC Purchases 8,173 Shares of BankUnited, Inc. (NYSE:BKU)

Hsbc Holdings PLC increased its position in BankUnited, Inc. (NYSE:BKU - Free Report) by 34.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,867 shares of the financial services provider's stock after purchasing an additional 8,173 shares during the quarter. Hsbc Holdings PLC's holdings in BankUnited were worth $1,220,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of BankUnited during the 4th quarter valued at about $18,663,000. 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 valued at $107,696,000 after acquiring an additional 322,368 shares during the period. Vanguard Group Inc. lifted its holdings in shares of BankUnited by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider's stock valued at $366,392,000 after acquiring an additional 181,493 shares during the period. Barclays PLC boosted its stake in shares of BankUnited by 74.1% in the 4th quarter. Barclays PLC now owns 318,958 shares of the financial services provider's stock valued at $12,174,000 after purchasing an additional 135,718 shares in the last quarter. Finally, Wealthfront Advisers LLC bought a new stake in shares of BankUnited in the 4th quarter worth about $3,668,000. Institutional investors and hedge funds own 99.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wells Fargo & Company reduced their price target on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 9th. Keefe, Bruyette & Woods decreased their target price on BankUnited from $40.00 to $38.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group decreased their price target on shares of BankUnited from $38.00 to $34.00 and set a "sell" rating on the stock in a research note on Wednesday, April 30th. Royal Bank of Canada reduced their price objective on BankUnited from $42.00 to $40.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. Finally, Hovde Group dropped 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. One 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. According to data from MarketBeat, BankUnited has a consensus rating of "Hold" and an average price target of $40.55.

BankUnited Trading Up 1.2 %

Shares of NYSE BKU traded up $0.40 during midday trading on Thursday, reaching $33.52. 67,765 shares of the stock were exchanged, compared to its average volume of 783,277. BankUnited, Inc. has a 12 month low of $26.78 and a 12 month high of $44.45. The company has a market capitalization of $2.52 billion, a price-to-earnings ratio of 10.88 and a beta of 1.29. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. The business has a 50-day simple moving average of $32.93 and a two-hundred day simple moving average of $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, topping 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 company had revenue of $255.41 million during the quarter, compared to the consensus estimate of $264.35 million. During the same period in the prior year, the company earned $0.64 earnings per share. As a group, equities research analysts expect that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.70%. This is a positive change from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date was Friday, April 11th. BankUnited's dividend payout ratio (DPR) is presently 38.51%.

Insider Activity at BankUnited

In other BankUnited news, Director Sanjiv Sobti purchased 2,000 shares of the business's stock in a transaction on Tuesday, March 11th. The shares were purchased at an average cost of $32.07 per share, with a total value of $64,140.00. Following the transaction, the director now directly owns 20,782 shares of the company's stock, valued at $666,478.74. This represents a 10.65 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Kevin A. Malcolm sold 3,234 shares of the company's 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 sale, the insider now owns 12,250 shares in the company, valued at $430,955. The trade was a 20.89 % decrease in their position. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by insiders.

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.