Harbor Capital Advisors Inc. Has $953,000 Stake in BankUnited, Inc. (NYSE:BKU)

Harbor Capital Advisors Inc. lifted its holdings in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 6,870.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,671 shares of the financial services provider's stock after buying an additional 27,274 shares during the quarter. Harbor Capital Advisors Inc.'s holdings in BankUnited were worth $953,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its position in shares of BankUnited by 182.3% during the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock worth $31,000 after buying an additional 547 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of BankUnited by 42.3% during 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 period. Versant Capital Management Inc grew its position in shares of BankUnited by 165.5% during the 1st quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider's stock worth $65,000 after buying an additional 1,175 shares during the period. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of BankUnited during the 4th quarter worth approximately $73,000. Finally, Smartleaf Asset Management LLC grew its position in shares of BankUnited by 270.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider's stock worth $74,000 after buying an additional 1,407 shares during the period. Institutional investors and hedge funds own 99.70% of the company's stock.

Wall Street Analysts Forecast Growth

BKU has been the subject of several analyst reports. Wells Fargo & Company lowered their price target on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Hovde Group decreased their price objective on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. The Goldman Sachs Group decreased their price objective on shares of BankUnited from $38.00 to $34.00 and set a "sell" rating for the company in a report on Wednesday, April 30th. Wall Street Zen cut shares of BankUnited from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, Piper Sandler upgraded shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price objective for the company in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $40.42.

Insider Transactions at BankUnited

In related news, Director John N. Digiacomo sold 1,000 shares of the business's stock in a transaction on Wednesday, May 28th. The shares were sold at an average price of $34.43, for a total transaction of $34,430.00. Following the transaction, the director now directly owns 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Leslie Lunak sold 22,776 shares of the business's 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 transaction, the chief financial officer now owns 59,899 shares in the company, valued at approximately $2,010,210.44. The trade was a 27.55% 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 Stock Up 0.8%

BKU traded up $0.27 during trading on Monday, reaching $34.02. The company had a trading volume of 852,514 shares, compared to its average volume of 794,873. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. BankUnited, Inc. has a 12 month low of $26.88 and a 12 month high of $44.45. The business's fifty day moving average price is $33.60 and its 200 day moving average price is $36.31. The company has a market cap of $2.56 billion, a P/E ratio of 11.04 and a beta of 1.30.

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

BankUnited Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date was Friday, April 11th. This is a positive change from BankUnited's previous quarterly dividend of $0.29. BankUnited's payout ratio is currently 38.51%.

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.