BankUnited, Inc. $BKU Shares Sold by Charles Schwab Investment Management Inc.

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in BankUnited by 6.2%, now holding approximately 2.04% of the company, valued at about $52.8 million.
• Analysts have mixed ratings for BankUnited, with a consensus rating of "Hold" and a price target of $41.55, while Wells Fargo recently upgraded its target from $42.00 to $45.00.
• BankUnited's recent earnings report showed an EPS of $0.91, exceeding estimates and reflecting a net margin of 13.19%, while also declaring a quarterly dividend of $0.31.

Charles Schwab Investment Management Inc. trimmed its holdings in BankUnited, Inc. (NYSE:BKU - Free Report) by 6.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,532,861 shares of the financial services provider's stock after selling 102,031 shares during the period. Charles Schwab Investment Management Inc. owned 2.04% of BankUnited worth $52,792,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Natixis Advisors LLC raised its holdings in shares of BankUnited by 7.5% in the 1st quarter. Natixis Advisors LLC now owns 48,054 shares of the financial services provider's stock worth $1,655,000 after purchasing an additional 3,342 shares during the period. XTX Topco Ltd purchased a new position in shares of BankUnited in the 1st quarter worth about $379,000. GSA Capital Partners LLP raised its holdings in shares of BankUnited by 386.2% in the 1st quarter. GSA Capital Partners LLP now owns 39,961 shares of the financial services provider's stock worth $1,376,000 after purchasing an additional 31,742 shares during the period. Federated Hermes Inc. raised its holdings in shares of BankUnited by 0.5% in the 1st quarter. Federated Hermes Inc. now owns 533,407 shares of the financial services provider's stock worth $18,371,000 after purchasing an additional 2,469 shares during the period. Finally, Mackenzie Financial Corp raised its holdings in shares of BankUnited by 11.8% during 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. 99.70% of the stock is owned by institutional investors and hedge funds.

BankUnited Stock Performance

Shares of BKU traded down $0.26 during mid-day trading on Thursday, hitting $37.04. The stock had a trading volume of 5,505 shares, compared to its average volume of 818,869. The company has a market cap of $2.79 billion, a PE ratio of 10.87 and a beta of 1.32. The company's fifty day simple moving average is $36.57 and its two-hundred day simple moving average is $35.43. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.76. BankUnited, Inc. has a fifty-two week low of $28.21 and a fifty-two week high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 EPS 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 analyst estimates of $267.17 million. BankUnited had a return on equity of 9.00% and a net margin of 13.19%.During the same quarter last year, the firm earned $0.72 EPS. On average, equities analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Dividend Announcement

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

Insider Activity at BankUnited

In related news, insider Jay D. Richards sold 3,942 shares of the business's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $38.81, for a total transaction of $152,989.02. Following the completion of the transaction, the insider owned 39,193 shares in the company, valued at $1,521,080.33. The trade was a 9.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Douglas J. Pauls sold 3,500 shares of the business's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $38.79, for a total value of $135,765.00. Following the transaction, the director owned 43,205 shares of the company's stock, valued at $1,675,921.95. This represents a 7.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,442 shares of company stock worth $323,184 in the last 90 days. 1.15% of the stock is currently owned by company insiders.

Analyst Ratings Changes

BKU has been the topic of several analyst reports. Jefferies Financial Group initiated coverage on BankUnited in a report on Wednesday, May 21st. They set a "hold" rating and a $39.00 target price on the stock. Wall Street Zen upgraded BankUnited from a "sell" rating to a "hold" rating in a report on Saturday, July 26th. Wells Fargo & Company raised their target price on BankUnited from $42.00 to $45.00 and gave the company an "overweight" rating in a report on Thursday, July 24th. Hovde Group raised their target price on BankUnited from $43.00 to $44.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Finally, Barclays lifted their price objective on BankUnited from $41.00 to $43.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $41.55.

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.