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

Deutsche Bank AG lifted its position in BankUnited, Inc. (NYSE:BKU - Free Report) by 36.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 79,257 shares of the financial services provider's stock after purchasing an additional 21,321 shares during the period. Deutsche Bank AG owned 0.11% of BankUnited worth $3,025,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of BKU. JPMorgan Chase & Co. grew its holdings in 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 acquiring an additional 322,368 shares in the last quarter. Bank of Montreal Can boosted its stake in shares of BankUnited by 4.1% during the fourth quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider's stock valued at $579,000 after purchasing an additional 593 shares in the last quarter. Principal Financial Group Inc. increased its holdings in BankUnited by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider's stock valued at $13,836,000 after buying an additional 10,064 shares during the period. Proficio Capital Partners LLC purchased a new position in BankUnited during the fourth quarter valued at approximately $766,000. Finally, Vanguard Group Inc. raised its stake in BankUnited by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider's stock worth $366,392,000 after buying an additional 181,493 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company's stock.

Insider Activity

In other news, insider Kevin A. Malcolm sold 3,234 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total value of $113,772.12. Following the sale, the insider now directly owns 12,250 shares of the company's stock, valued at $430,955. This represents a 20.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $764,362.56. Following the completion of the sale, the chief financial officer now owns 59,899 shares in the company, valued at $2,010,210.44. The trade was a 27.55% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company's stock.

BankUnited Stock Performance

BKU stock traded up $0.42 during trading on Tuesday, reaching $34.96. The company had a trading volume of 817,308 shares, compared to its average volume of 797,556. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 11.35 and a beta of 1.29. BankUnited, Inc. has a twelve month low of $26.78 and a twelve month high of $44.45. 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 firm has a 50-day simple moving average of $33.26 and a 200-day simple moving average of $37.05.

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 net margin of 11.48% and a return on equity of 8.48%. The business had revenue of $255.41 million during the quarter, compared to the consensus estimate of $264.35 million. During the same period in the previous year, the firm posted $0.64 earnings per share. As a group, sell-side analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.55%. The ex-dividend date was Friday, April 11th. This is an increase from BankUnited's previous quarterly dividend of $0.29. BankUnited's payout ratio is presently 38.51%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Hovde Group cut their price target on BankUnited from $46.00 to $44.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. Royal Bank of Canada dropped their price objective on BankUnited from $42.00 to $40.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 29th. Keefe, Bruyette & Woods cut their target price on BankUnited from $40.00 to $38.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. Wall Street Zen lowered shares of BankUnited from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. Finally, Barclays lowered their price target on shares of BankUnited from $44.00 to $38.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price 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.