BankUnited, Inc. $BKU Position Reduced by Mitsubishi UFJ Trust & Banking Corp

Key Points

• Mitsubishi UFJ Trust & Banking Corp cut its stake in BankUnited by 42.2% in Q4, selling 40,363 shares and holding 55,250 shares valued at about $2.46 million (0.07% ownership) after the reduction.
• BankUnited missed Q1 consensus with EPS of $0.83 (est. $0.97) and revenue of $273.7M (est. $284.6M), but the board raised the quarterly dividend to $0.33, implying a 2.9% yield.
• The analyst and ownership picture is mixed: the consensus rating is Hold with a $53.27 average target (7 Buy / 6 Hold / 1 Sell), and institutional investors own roughly 99.70% of the stock.

Mitsubishi UFJ Trust & Banking Corp decreased its position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 42.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,250 shares of the financial services provider's stock after selling 40,363 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of BankUnited worth $2,462,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in BankUnited by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 4,596,455 shares of the financial services provider's stock worth $175,400,000 after purchasing an additional 51,926 shares in the last quarter. Wellington Management Group LLP raised its holdings in BankUnited by 23.1% during the third quarter. Wellington Management Group LLP now owns 3,070,822 shares of the financial services provider's stock worth $117,183,000 after purchasing an additional 576,843 shares in the last quarter. American Century Companies Inc. raised its holdings in BankUnited by 9.4% during the third quarter. American Century Companies Inc. now owns 2,163,936 shares of the financial services provider's stock worth $82,576,000 after purchasing an additional 185,937 shares in the last quarter. Cramer Rosenthal Mcglynn LLC raised its holdings in BankUnited by 20.9% during the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,535,274 shares of the financial services provider's stock worth $58,586,000 after purchasing an additional 265,439 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in BankUnited by 1.0% during the second quarter. Ameriprise Financial Inc. now owns 1,475,797 shares of the financial services provider's stock worth $52,524,000 after purchasing an additional 14,358 shares in the last quarter. Institutional investors own 99.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on BKU. Royal Bank Of Canada boosted their target price on BankUnited from $48.00 to $53.00 and gave the stock a "sector perform" rating in a report on Thursday, January 22nd. Barclays dropped their target price on BankUnited from $55.00 to $53.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 7th. Weiss Ratings raised BankUnited from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday. Raymond James Financial reaffirmed an "outperform" rating on shares of BankUnited in a report on Wednesday, April 22nd. Finally, Wells Fargo & Company upped their price target on BankUnited from $50.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, March 30th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $53.27.

Insider Buying and Selling at BankUnited

In other news, Director Sanjiv Sobti sold 5,000 shares of the firm's stock in a transaction on Monday, February 9th. The stock was sold at an average price of $50.88, for a total value of $254,400.00. Following the completion of the sale, the director owned 18,816 shares of the company's stock, valued at $957,358.08. This trade represents a 20.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Kevin A. Malcolm sold 3,447 shares of the firm's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $47.11, for a total value of $162,388.17. Following the completion of the sale, 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 position. The disclosure for this sale is available in the SEC filing. Company insiders own 1.00% of the company's stock.

BankUnited Price Performance

NYSE BKU opened at $46.16 on Tuesday. The stock has a market capitalization of $3.40 billion, a P/E ratio of 12.86 and a beta of 1.19. BankUnited, Inc. has a 1 year low of $32.97 and a 1 year high of $52.11. The business's fifty day moving average is $45.94 and its two-hundred day moving average is $44.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 0.82.

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

BankUnited Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were issued a $0.33 dividend. The ex-dividend date was Friday, April 10th. This is an increase from BankUnited's previous quarterly dividend of $0.31. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.9%. BankUnited's dividend payout ratio is currently 36.77%.

BankUnited Company 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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