Dimensional Fund Advisors LP Sells 95,148 Shares of BankUnited, Inc. (NYSE:BKU)

Dimensional Fund Advisors LP lessened its position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 2.0% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,584,913 shares of the financial services provider's stock after selling 95,148 shares during the quarter. Dimensional Fund Advisors LP owned approximately 6.13% of BankUnited worth $175,008,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of BankUnited during the fourth quarter worth $18,663,000. Canada Pension Plan Investment Board acquired a new stake in BankUnited during the 4th quarter worth about $2,416,000. Marshall Wace LLP bought a new position in shares of BankUnited in the 4th quarter worth about $216,000. Barclays PLC lifted 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 during the period. Finally, Summit Investment Advisors Inc. boosted its position in shares of BankUnited by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider's stock valued at $298,000 after purchasing an additional 495 shares in the last quarter. Institutional investors own 99.70% of the company's stock.

BankUnited Stock Down 1.9 %

Shares of BankUnited stock traded down $0.63 on Tuesday, hitting $32.26. The company had a trading volume of 133,305 shares, compared to its average volume of 784,507. BankUnited, Inc. has a 1 year low of $26.70 and a 1 year 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 stock has a 50 day moving average of $33.54 and a 200-day moving average of $37.32. The stock has a market capitalization of $2.43 billion, a price-to-earnings ratio of 10.50 and a beta of 1.20.

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

BankUnited Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, April 11th. This is a boost from BankUnited's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 3.84%. BankUnited's payout ratio is 40.26%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on BKU shares. Barclays lowered 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. Hovde Group lowered their price objective on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a research note on Tuesday, March 25th. StockNews.com lowered shares of BankUnited from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Wells Fargo & Company decreased their price target on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Finally, Piper Sandler upgraded shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price objective on the stock in a report on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $42.18.

Insiders Place Their Bets

In other BankUnited news, Director Sanjiv Sobti bought 1,000 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were purchased at an average price of $32.83 per share, for a total transaction of $32,830.00. Following the purchase, the director now directly owns 21,782 shares of the company's stock, valued at approximately $715,103.06. This represents a 4.81 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin A. Malcolm sold 3,234 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total value of $113,772.12. Following the completion of the transaction, the insider now directly owns 12,250 shares of the company's stock, valued at approximately $430,955. This represents a 20.89 % decrease in their ownership of the stock. 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.