American Century Companies Inc. Boosts Stock Holdings in BankUnited, Inc. $BKU

Key Points

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American Century Companies Inc. grew its position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 6.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,849,271 shares of the financial services provider's stock after buying an additional 107,962 shares during the quarter. American Century Companies Inc. owned 2.46% of BankUnited worth $63,689,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in BKU. Versant Capital Management Inc grew its holdings in shares of BankUnited by 165.5% during the first quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider's stock valued at $65,000 after buying an additional 1,175 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of BankUnited during the fourth quarter valued at approximately $73,000. Headlands Technologies LLC grew its holdings in shares of BankUnited by 697.4% during the first quarter. Headlands Technologies LLC now owns 2,464 shares of the financial services provider's stock valued at $85,000 after buying an additional 2,155 shares during the last quarter. Marshall Wace LLP bought a new position in BankUnited during the fourth quarter valued at approximately $216,000. Finally, Aigen Investment Management LP bought a new position in BankUnited during the first quarter valued at approximately $231,000. Hedge funds and other institutional investors own 99.70% of the company's stock.

Insider Activity

In other news, insider Jay D. Richards sold 3,942 shares of the firm's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $38.81, for a total transaction of $152,989.02. Following the sale, the insider directly owned 39,193 shares in the company, valued at $1,521,080.33. This trade represents a 9.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John N. Digiacomo sold 1,000 shares of the firm's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $34.43, for a total transaction of $34,430.00. Following the transaction, the director directly owned 14,516 shares of the company's stock, valued at $499,785.88. The trade was a 6.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,442 shares of company stock worth $323,184 in the last three months. Company insiders own 1.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BKU shares. Citigroup increased their price objective on shares of BankUnited from $36.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Royal Bank Of Canada restated a "sector perform" rating on shares of BankUnited in a research report on Thursday, July 24th. The Goldman Sachs Group lowered their price objective 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. Jefferies Financial Group started coverage on shares of BankUnited in a research report on Wednesday, May 21st. They set a "hold" rating and a $39.00 price objective on the stock. Finally, Wells Fargo & Company increased their price objective on shares of BankUnited from $42.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $41.55.

BankUnited Stock Down 0.3%

BKU opened at $37.38 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.76. BankUnited, Inc. has a 1-year low of $28.21 and a 1-year high of $44.45. The company has a market capitalization of $2.81 billion, a PE ratio of 10.96 and a beta of 1.32. The firm's 50 day simple moving average is $36.49 and its two-hundred day simple moving average is $35.40.

BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.79 by $0.12. The firm had revenue of $273.93 million for the quarter, compared to the consensus estimate of $267.17 million. BankUnited had a net margin of 13.19% and a return on equity of 9.00%. During the same period last year, the firm earned $0.72 EPS. As a group, equities analysts forecast that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Friday, July 11th. BankUnited's dividend payout ratio (DPR) is presently 36.36%.

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.

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