BankUnited, Inc. (NYSE:BKU) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets reduced its holdings in BankUnited, Inc. (NYSE:BKU - Free Report) by 68.3% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,871 shares of the financial services provider's stock after selling 40,723 shares during the quarter. BNP Paribas Financial Markets' holdings in BankUnited were worth $720,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of BKU. Nomura Asset Management Co. Ltd. lifted its position in BankUnited by 42.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock worth $53,000 after buying an additional 410 shares during the last quarter. Summit Investment Advisors Inc. grew its stake in shares of BankUnited by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider's stock worth $298,000 after acquiring an additional 495 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of BankUnited by 182.3% in the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock worth $31,000 after purchasing an additional 547 shares in the last quarter. Atria Investments Inc increased its holdings in shares of BankUnited by 7.2% in the 4th quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider's stock worth $314,000 after purchasing an additional 555 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of BankUnited by 4.1% in the 4th quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider's stock worth $579,000 after purchasing an additional 593 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors.

Insider Activity at BankUnited

In related news, CFO Leslie Lunak sold 22,776 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $33.56, for a total value of $764,362.56. Following the transaction, the chief financial officer now owns 59,899 shares of the company's stock, valued at $2,010,210.44. This represents a 27.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Kevin A. Malcolm sold 3,234 shares of BankUnited stock in a transaction 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 completion of the transaction, the insider now owns 12,250 shares in the company, valued at approximately $430,955. This trade represents a 20.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by insiders.

BankUnited Price Performance

Shares of BankUnited stock traded down $0.54 on Wednesday, hitting $34.45. The company's stock had a trading volume of 77,348 shares, compared to its average volume of 795,001. BankUnited, Inc. has a 1 year low of $26.78 and a 1 year high of $44.45. The firm has a fifty day moving average price of $33.26 and a 200-day moving average price of $37.05. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The company has a market capitalization of $2.59 billion, a price-to-earnings ratio of 11.16 and a beta of 1.29.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. The company had revenue of $255.41 million during the quarter, compared to analyst estimates of $264.35 million. During the same period in the previous year, the business earned $0.64 EPS. As a group, sell-side analysts anticipate that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were issued a $0.31 dividend. The ex-dividend date of this dividend was Friday, April 11th. This is a boost from BankUnited's previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 3.60%. BankUnited's dividend payout ratio is currently 38.51%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on BKU shares. Piper Sandler raised BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price target for the company in a report on Tuesday, March 11th. Barclays cut their price target on BankUnited from $44.00 to $38.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group cut their price target on BankUnited from $38.00 to $34.00 and set a "sell" rating for the company in a report on Wednesday, April 30th. Hovde Group cut their target price on BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Finally, Royal Bank of Canada dropped their price target on BankUnited from $42.00 to $40.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 29th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, BankUnited currently has an average rating of "Hold" and a consensus price target of $40.42.

BankUnited Company 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.