Deutsche Bank AG Raises Position in BankUnited, Inc. (NYSE:BKU)

Deutsche Bank AG boosted its position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 36.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 79,257 shares of the financial services provider's stock after buying an additional 21,321 shares during the quarter. Deutsche Bank AG owned approximately 0.11% of BankUnited worth $3,025,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of BankUnited by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider's stock worth $366,392,000 after purchasing an additional 181,493 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of BankUnited by 12.9% during the 4th quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider's stock worth $107,696,000 after buying an additional 322,368 shares during the period. Royce & Associates LP increased its stake in shares of BankUnited by 3.3% in the 4th quarter. Royce & Associates LP now owns 1,149,827 shares of the financial services provider's stock valued at $43,889,000 after acquiring an additional 36,328 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of BankUnited in the 4th quarter valued at approximately $34,525,000. Finally, Northern Trust Corp boosted its position in shares of BankUnited by 17.0% during the fourth quarter. Northern Trust Corp now owns 875,450 shares of the financial services provider's stock worth $33,416,000 after purchasing an additional 127,159 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Kevin A. Malcolm sold 3,234 shares of the company's stock in a transaction that occurred on Wednesday, March 5th. The stock was 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 $430,955. This represents a 20.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Sanjiv Sobti purchased 1,000 shares of BankUnited stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $32.83 per share, for a total transaction of $32,830.00. Following the completion of the purchase, the director now owns 21,782 shares of the company's stock, valued at $715,103.06. This trade represents a 4.81% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.15% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on BKU shares. Royal Bank of Canada lowered their target price 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. Barclays reduced their price target on BankUnited from $44.00 to $38.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company cut their target price on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Hovde Group cut their target price on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a research note on Tuesday, March 25th. Finally, Jefferies Financial Group started coverage on BankUnited in a report on Wednesday, May 21st. They issued a "hold" rating and a $39.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $40.42.

BankUnited Stock Up 0.2%

Shares of BankUnited stock traded up $0.08 during trading hours on Tuesday, reaching $34.62. The company's stock had a trading volume of 29,624 shares, compared to its average volume of 794,770. The company has a market capitalization of $2.60 billion, a P/E ratio of 11.21 and a beta of 1.29. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. BankUnited, Inc. has a one year low of $26.78 and a one year high of $44.45. The stock's fifty day simple moving average is $33.25 and its two-hundred day simple moving average is $37.07.

BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.04. The firm had revenue of $255.41 million during the quarter, compared to the consensus estimate of $264.35 million. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter in the prior year, the company earned $0.64 EPS. On average, research analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 3.58%. This is a boost from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, April 11th. BankUnited's dividend payout ratio is 38.51%.

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.