Barclays PLC Boosts Position in BankUnited, Inc. (NYSE:BKU)

Barclays PLC grew its position in BankUnited, Inc. (NYSE:BKU - Free Report) by 74.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 318,958 shares of the financial services provider's stock after purchasing an additional 135,718 shares during the quarter. Barclays PLC owned about 0.43% of BankUnited worth $12,174,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Summit Investment Advisors Inc. increased its position in BankUnited by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider's stock worth $298,000 after buying an additional 495 shares during the period. Sterling Capital Management LLC increased its position in BankUnited by 12.1% during the fourth quarter. Sterling Capital Management LLC now owns 19,411 shares of the financial services provider's stock worth $741,000 after acquiring an additional 2,093 shares during the period. U S Wealth Group LLC. acquired a new stake in BankUnited in the 4th quarter worth about $244,000. Bank of Montreal Can boosted its holdings in BankUnited by 4.1% in the 4th quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider's stock valued at $579,000 after purchasing an additional 593 shares during the period. Finally, Federated Hermes Inc. grew its position in shares of BankUnited by 18.0% during the 4th quarter. Federated Hermes Inc. now owns 530,938 shares of the financial services provider's stock worth $20,266,000 after purchasing an additional 80,995 shares in the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BKU. Wells Fargo & Company dropped their price target on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Piper Sandler upgraded BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 target price for the company in a research report on Tuesday, March 11th. Hovde Group decreased their price target on BankUnited from $46.00 to $44.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. Barclays cut their price objective on shares of BankUnited from $44.00 to $38.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada upped their price target on shares of BankUnited from $42.00 to $43.00 and gave the stock a "sector perform" rating in a report on Thursday, January 23rd. 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 stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $42.18.

Insider Activity at BankUnited

In related news, 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 transaction of $113,772.12. Following the sale, the insider now owns 12,250 shares of the company's stock, valued at approximately $430,955. This represents a 20.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sanjiv Sobti acquired 2,000 shares of the company's stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $32.07 per share, with a total value of $64,140.00. Following the purchase, the director now directly owns 20,782 shares of the company's stock, valued at $666,478.74. This trade represents a 10.65 % increase in their position. The disclosure for this purchase can be found here. 1.19% of the stock is owned by company insiders.

BankUnited Stock Down 0.3 %

Shares of NYSE:BKU traded down $0.11 during trading on Friday, reaching $33.56. 1,253,927 shares of the stock were exchanged, compared to its average volume of 782,515. BankUnited, Inc. has a 1-year low of $26.70 and a 1-year high of $44.45. The stock has a fifty day moving average of $33.69 and a two-hundred day moving average of $37.32. 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 firm has a market cap of $2.53 billion, a price-to-earnings ratio of 10.90 and a beta of 1.20.

BankUnited (NYSE:BKU - Get Free Report) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same period last year, the business earned $0.26 EPS. Research analysts anticipate that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The business 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 $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date of this dividend is Friday, April 11th. This is a boost from BankUnited's previous quarterly dividend of $0.29. BankUnited's payout ratio is 40.26%.

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.