Dimensional Fund Advisors LP Sells 35,227 Shares of BankUnited, Inc. $BKU

Key Points

• Dimensional Fund Advisors LP decreased its holdings in BankUnited, Inc. by 0.8%, now owning approximately 6.05% of the company with a stake valued at $156.69 million.
• BankUnited reported a quarterly earnings per share (EPS) of $0.91, exceeding analysts' expectations of $0.79, along with a revenue of $273.93 million.
• The company has a dividend yield of 3.3% and recently paid a quarterly dividend of $0.31 to shareholders.

Dimensional Fund Advisors LP decreased its holdings in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 0.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,549,686 shares of the financial services provider's stock after selling 35,227 shares during the period. Dimensional Fund Advisors LP owned approximately 6.05% of BankUnited worth $156,687,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in BankUnited by 31.7% during the first quarter. CWM LLC now owns 7,464 shares of the financial services provider's stock valued at $257,000 after buying an additional 1,798 shares during the period. Principal Financial Group Inc. boosted its stake in BankUnited by 2.7% during the first quarter. Principal Financial Group Inc. now owns 372,237 shares of the financial services provider's stock valued at $12,820,000 after buying an additional 9,750 shares during the period. Wealth Enhancement Advisory Services LLC bought a new stake in BankUnited during the first quarter valued at $585,000. Bank of New York Mellon Corp boosted its stake in BankUnited by 36.8% during the first quarter. Bank of New York Mellon Corp now owns 1,059,697 shares of the financial services provider's stock valued at $36,496,000 after buying an additional 285,092 shares during the period. Finally, New York State Teachers Retirement System lifted its stake in BankUnited by 20.6% during the first quarter. New York State Teachers Retirement System now owns 31,614 shares of the financial services provider's stock worth $1,089,000 after purchasing an additional 5,395 shares during the last quarter. Institutional investors own 99.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on BKU. Keefe, Bruyette & Woods lifted their price target on BankUnited from $38.00 to $42.00 and gave the stock a "market perform" rating in a research note on Monday, July 28th. Jefferies Financial Group began coverage on BankUnited in a research note on Wednesday, May 21st. They set a "hold" rating and a $39.00 price target for the company. Barclays lifted their price target on BankUnited from $41.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Thursday, July 24th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of BankUnited in a research note on Thursday, July 24th. Finally, Citigroup lifted their price target on BankUnited from $36.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $41.55.

BankUnited Trading Up 1.2%

Shares of BKU traded up $0.45 during trading hours on Tuesday, hitting $39.00. The company had a trading volume of 611,531 shares, compared to its average volume of 682,215. The firm has a market cap of $2.93 billion, a P/E ratio of 11.44 and a beta of 1.32. The stock's 50 day moving average price is $36.91 and its 200 day moving average price is $35.32. 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 52-week low of $28.21 and a 52-week high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $273.93 million for 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 previous year, the business earned $0.72 earnings per share. On average, research analysts predict that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The business also recently disclosed 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 was Friday, July 11th. This represents a $1.24 annualized dividend and a dividend yield of 3.2%. BankUnited's payout ratio is currently 36.36%.

Insider Transactions at BankUnited

In other news, Director John N. Digiacomo sold 1,000 shares of BankUnited stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $34.43, for a total value of $34,430.00. Following the transaction, the director owned 14,516 shares in the company, valued at approximately $499,785.88. The trade was a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas J. Pauls sold 3,500 shares of BankUnited stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $38.79, for a total value of $135,765.00. Following the completion of the transaction, the director owned 43,205 shares in the company, valued at approximately $1,675,921.95. This represents a 7.49% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,442 shares of company stock worth $323,184. Company insiders own 1.15% of the company's stock.

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.