BankUnited, Inc. (NYSE:BKU) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its holdings in BankUnited, Inc. (NYSE:BKU - Free Report) by 30.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 72,216 shares of the financial services provider's stock after selling 31,562 shares during the period. Price T Rowe Associates Inc. MD owned 0.10% of BankUnited worth $2,757,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Blue Trust Inc. increased its stake in shares of BankUnited by 182.3% during the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock worth $31,000 after acquiring an additional 547 shares during the period. Nomura Asset Management Co. Ltd. increased its position in BankUnited by 42.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock worth $53,000 after purchasing an additional 410 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of BankUnited by 270.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider's stock worth $74,000 after buying an additional 1,407 shares in the last quarter. R Squared Ltd acquired a new stake in shares of BankUnited in the 4th quarter valued at approximately $113,000. Finally, KBC Group NV boosted its stake in shares of BankUnited by 87.8% in the fourth quarter. KBC Group NV now owns 4,028 shares of the financial services provider's stock valued at $154,000 after buying an additional 1,883 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company's stock.

BankUnited Trading Up 5.9%

NYSE:BKU traded up $2.01 during mid-day trading on Monday, reaching $35.86. The company's stock had a trading volume of 403,350 shares, compared to its average volume of 786,879. 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 stock has a market cap of $2.70 billion, a P/E ratio of 11.63 and a beta of 1.29. The company's fifty day simple moving average is $32.85 and its two-hundred day simple moving average is $37.14. BankUnited, Inc. has a twelve month low of $26.78 and a twelve 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 analysts' consensus estimates of $0.74 by $0.04. The business had revenue of $255.41 million during the quarter, compared to the consensus estimate 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. On average, equities analysts predict that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were issued a $0.31 dividend. This is a positive change from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date was Friday, April 11th. This represents a $1.24 annualized dividend and a yield of 3.46%. BankUnited's dividend payout ratio (DPR) is presently 38.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wells Fargo & Company decreased 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. The Goldman Sachs Group lowered 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. StockNews.com downgraded shares of BankUnited from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Keefe, Bruyette & Woods lowered their price target on BankUnited from $40.00 to $38.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Finally, Royal Bank of Canada reduced their price objective on BankUnited from $42.00 to $40.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $40.55.

Insider Buying and Selling at BankUnited

In other news, insider Kevin A. Malcolm sold 3,234 shares of the 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 completion of the sale, the insider now owns 12,250 shares in the company, valued at approximately $430,955. This trade represents a 20.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Sanjiv Sobti purchased 1,000 shares of BankUnited stock in a transaction that occurred on Thursday, March 13th. The shares were bought at an average cost of $32.83 per share, for a total transaction of $32,830.00. Following the completion of the transaction, the director now directly owns 21,782 shares in the company, valued at $715,103.06. This represents a 4.81% increase in their position. The disclosure for this purchase can be found here. 1.15% of the stock is currently owned by corporate 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.