Artemis Investment Management LLP Makes New Investment in BankUnited, Inc. $BKU

Artemis Investment Management LLP bought a new position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,652,579 shares of the financial services provider's stock, valued at approximately $73,655,000. Artemis Investment Management LLP owned about 2.20% of BankUnited at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in shares of BankUnited by 15.3% in the 1st quarter. Royal Bank of Canada now owns 18,092 shares of the financial services provider's stock valued at $623,000 after buying an additional 2,394 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of BankUnited by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,380 shares of the financial services provider's stock valued at $1,528,000 after buying an additional 1,934 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of BankUnited in the 1st quarter valued at about $9,100,000. Strs Ohio bought a new stake in shares of BankUnited in the 1st quarter valued at about $28,000. Finally, Invesco Ltd. grew its position in shares of BankUnited by 1.2% in the 2nd quarter. Invesco Ltd. now owns 570,879 shares of the financial services provider's stock valued at $20,318,000 after buying an additional 6,815 shares during the last quarter. 99.70% of the stock is owned by institutional investors.

Insider Activity

In other BankUnited news, insider Kevin A. Malcolm sold 3,447 shares of BankUnited stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $47.11, for a total transaction of $162,388.17. Following the transaction, the insider directly owned 11,500 shares of the company's stock, valued at approximately $541,765. This trade represents a 23.06% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Jay D. Richards sold 3,506 shares of the company's stock in a transaction on Tuesday, February 3rd. The shares were sold at an average price of $49.83, for a total transaction of $174,703.98. Following the completion of the sale, the insider directly owned 35,687 shares of the company's stock, valued at $1,778,283.21. This trade represents a 8.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 11,953 shares of company stock worth $591,492. 1.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on BKU. Piper Sandler upped their price target on BankUnited from $42.00 to $52.00 and gave the company a "neutral" rating in a research report on Thursday, January 22nd. Wall Street Zen raised shares of BankUnited from a "sell" rating to a "hold" rating in a research note on Saturday, April 25th. Barclays reduced their price objective on shares of BankUnited from $55.00 to $53.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 7th. Wells Fargo & Company upped their price objective on shares of BankUnited from $50.00 to $55.00 and gave the company an "overweight" rating in a research note on Monday, March 30th. Finally, The Goldman Sachs Group reaffirmed a "sell" rating on shares of BankUnited in a research note on Monday, February 2nd. Seven analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $53.27.

BankUnited Stock Performance

BankUnited stock opened at $46.55 on Friday. The firm's fifty day moving average price is $45.94 and its 200-day moving average price is $44.73. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $3.43 billion, a P/E ratio of 12.97 and a beta of 1.19. BankUnited, Inc. has a fifty-two week low of $32.97 and a fifty-two week high of $52.11.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.14). The company had revenue of $273.69 million for the quarter, compared to analysts' expectations of $284.57 million. BankUnited had a net margin of 14.46% and a return on equity of 9.11%. During the same quarter last year, the business posted $0.78 EPS. On average, equities research analysts expect that BankUnited, Inc. will post 4.15 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were given a dividend of $0.33 per share. This is a boost from BankUnited's previous quarterly dividend of $0.31. The ex-dividend date was Friday, April 10th. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. BankUnited's dividend payout ratio is currently 36.77%.

BankUnited Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank's lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.

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