BankUnited, Inc. (NYSE:BKU) Shares Sold by Ameriprise Financial Inc.

Ameriprise Financial Inc. lowered its position in BankUnited, Inc. (NYSE:BKU - Free Report) by 10.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,407,534 shares of the financial services provider's stock after selling 169,904 shares during the quarter. Ameriprise Financial Inc. owned about 1.88% of BankUnited worth $53,726,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its stake in BankUnited by 48.3% during the third quarter. Barclays PLC now owns 183,240 shares of the financial services provider's stock worth $6,677,000 after buying an additional 59,644 shares during the period. Franklin Resources Inc. boosted its stake in BankUnited by 5.3% during the third quarter. Franklin Resources Inc. now owns 56,974 shares of the financial services provider's stock worth $2,097,000 after buying an additional 2,856 shares during the period. Nordea Investment Management AB boosted its stake in 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 buying an additional 1,595 shares during the period. Harbour Capital Advisors LLC purchased a new position in shares of BankUnited in the fourth quarter valued at approximately $292,000. Finally, SG Americas Securities LLC boosted its stake in shares of BankUnited by 462.0% in the fourth quarter. SG Americas Securities LLC now owns 27,955 shares of the financial services provider's stock valued at $1,067,000 after purchasing an additional 22,981 shares during the period. Hedge funds and other institutional investors own 99.70% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on BKU shares. StockNews.com cut shares of BankUnited from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. 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. Hovde Group lowered their target price 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. Wells Fargo & Company lowered their target price 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. Finally, The Goldman Sachs Group decreased their target price on shares of BankUnited from $38.00 to $34.00 and set a "sell" rating on the stock in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $40.55.

BankUnited Trading Up 0.2%

NYSE:BKU traded up $0.08 on Friday, reaching $36.37. The stock had a trading volume of 165,025 shares, compared to its average volume of 792,685. BankUnited, Inc. has a 12-month low of $26.78 and a 12-month high of $44.45. The firm's fifty day moving average is $33.06 and its two-hundred day moving average is $37.13. The company has a market cap of $2.74 billion, a price-to-earnings ratio of 11.80 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.

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

BankUnited Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.24 annualized dividend and a dividend yield of 3.41%. This is a positive change from BankUnited's previous quarterly dividend of $0.29. BankUnited's dividend payout ratio is presently 38.51%.

Insider Transactions at BankUnited

In related news, insider Kevin A. Malcolm sold 3,234 shares of the stock in a transaction dated Wednesday, March 5th. The shares were 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 of the company's stock, valued at $430,955. This trade represents a 20.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Leslie Lunak sold 22,776 shares of the stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $33.56, for a total transaction of $764,362.56. Following the completion of the sale, the chief financial officer now directly owns 59,899 shares in the company, valued at approximately $2,010,210.44. This trade represents a 27.55% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.15% of the company's stock.

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.