LSV Asset Management Reduces Stock Holdings in BankUnited, Inc. (NYSE:BKU)

Key Points

• LSV Asset Management significantly reduced its stake in BankUnited, selling 768,990 shares to hold 449,600 shares, representing a 63.1% decrease.
• Analysts have varied views on BankUnited, with Goldman Sachs lowering its price target to $34.00 and Piper Sandler raising it to $43.00, indicating an average rating of "Hold" for the stock.
• BankUnited recently declared a quarterly dividend of $0.31 per share, yielding approximately 3.5%, with a payout ratio of 36.36%.

LSV Asset Management lowered its position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 63.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 449,600 shares of the financial services provider's stock after selling 768,990 shares during the quarter. LSV Asset Management owned 0.60% of BankUnited worth $15,484,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in BKU. Natixis Advisors LLC increased its holdings in BankUnited by 7.5% in the first quarter. Natixis Advisors LLC now owns 48,054 shares of the financial services provider's stock worth $1,655,000 after buying an additional 3,342 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of BankUnited during the first quarter worth approximately $379,000. GSA Capital Partners LLP increased its stake in shares of BankUnited by 386.2% in the first quarter. GSA Capital Partners LLP now owns 39,961 shares of the financial services provider's stock valued at $1,376,000 after buying an additional 31,742 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of BankUnited by 0.5% during the first quarter. Federated Hermes Inc. now owns 533,407 shares of the financial services provider's stock valued at $18,371,000 after purchasing an additional 2,469 shares during the last quarter. Finally, Mackenzie Financial Corp increased its stake in shares of BankUnited by 11.8% in the 1st quarter. Mackenzie Financial Corp now owns 17,725 shares of the financial services provider's stock valued at $610,000 after buying an additional 1,865 shares during the period. Institutional investors and hedge funds own 99.70% of the company's stock.

BankUnited Stock Down 0.2%

Shares of BKU stock traded down $0.08 during trading hours on Thursday, reaching $35.58. The company had a trading volume of 748,312 shares, compared to its average volume of 835,013. BankUnited, Inc. has a 12 month low of $28.21 and a 12 month high of $44.45. The company has a market cap of $2.68 billion, a price-to-earnings ratio of 10.43 and a beta of 1.32. The business has a fifty day simple moving average of $36.03 and a 200-day simple moving average of $35.67. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.84 and a quick ratio of 0.84.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.12. The company had revenue of $273.93 million during the quarter, compared to the consensus estimate of $267.17 million. BankUnited had a return on equity of 9.00% and a net margin of 13.19%. During the same quarter in the prior year, the company earned $0.72 EPS. On average, research analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.5%. BankUnited's dividend payout ratio is presently 36.36%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Barclays raised their target price on BankUnited from $41.00 to $43.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Keefe, Bruyette & Woods raised their price target on BankUnited from $38.00 to $42.00 and gave the company a "market perform" rating in a research note on Monday, July 28th. Piper Sandler reissued a "neutral" rating and set a $43.00 target price (up from $41.00) on shares of BankUnited in a report on Thursday, July 24th. Hovde Group upped their target price on BankUnited from $43.00 to $44.00 and gave the company an "outperform" rating in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group dropped their price objective on shares of BankUnited from $38.00 to $34.00 and set a "sell" rating for the company in a research note on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $41.55.

Insider Transactions at BankUnited

In related news, Director John N. Digiacomo sold 1,000 shares of the 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 owned 14,516 shares of the company's stock, valued at approximately $499,785.88. This trade represents a 6.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay D. Richards sold 3,942 shares of BankUnited stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $38.81, for a total value of $152,989.02. Following the completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,442 shares of company stock valued at $323,184 in the last quarter. Insiders own 1.15% of the company's stock.

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.