Intech Investment Management LLC Has $2.95 Million Holdings in BankUnited, Inc. $BKU

Key Points

• Intech Investment Management LLC increased its stake in BankUnited, Inc. by 17.7%, now holding 85,566 shares valued at approximately $2.95 million.
• Multiple other hedge funds have also recently expanded their positions in BankUnited, with 99.70% of the company's stock owned by institutional investors and hedge funds.
• BankUnited declared a $0.31 quarterly dividend, which translates to an annualized yield of 3.2% and a payout ratio of 36.36%.

Intech Investment Management LLC increased its holdings in BankUnited, Inc. (NYSE:BKU - Free Report) by 17.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,566 shares of the financial services provider's stock after purchasing an additional 12,873 shares during the quarter. Intech Investment Management LLC owned 0.11% of BankUnited worth $2,947,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in BKU. Wellington Management Group LLP raised its holdings in shares of BankUnited by 893.2% in the 1st quarter. Wellington Management Group LLP now owns 1,150,879 shares of the financial services provider's stock worth $39,636,000 after purchasing an additional 1,035,002 shares in the last quarter. Boston Partners bought a new stake in shares of BankUnited in the 1st quarter worth approximately $26,299,000. Kodai Capital Management LP bought a new stake in shares of BankUnited in the 1st quarter worth approximately $16,986,000. Nuveen LLC bought a new stake in shares of BankUnited in the 1st quarter worth approximately $16,338,000. Finally, Cramer Rosenthal Mcglynn LLC raised its holdings in shares of BankUnited by 64.9% in the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 806,468 shares of the financial services provider's stock worth $27,775,000 after purchasing an additional 317,532 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors.

BankUnited Stock Down 1.5%

BKU traded down $0.58 on Friday, reaching $38.91. 2,106,151 shares of the company traded hands, compared to its average volume of 614,815. The stock's 50 day moving average price is $37.91 and its 200-day moving average price is $35.35. BankUnited, Inc. has a 52-week low of $28.21 and a 52-week high of $44.45. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 11.41 and a beta of 1.29. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.84 and a quick ratio of 0.84.

BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.12. BankUnited had a net margin of 13.19% and a return on equity of 9.00%. The firm had revenue of $273.93 million for the quarter, compared to the consensus estimate of $267.17 million. During the same period in the previous year, the firm posted $0.72 earnings per share. On average, sell-side analysts expect that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Announces Dividend

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 of this dividend was Friday, July 11th. This represents a $1.24 dividend on an annualized basis and a yield of 3.2%. BankUnited's payout ratio is presently 36.36%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Hovde Group boosted their target price on shares of BankUnited from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Thursday, July 24th. Royal Bank Of Canada reissued a "sector perform" rating on shares of BankUnited in a research report on Thursday, July 24th. Wall Street Zen raised shares of BankUnited from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Keefe, Bruyette & Woods lifted their target price on shares of BankUnited from $38.00 to $42.00 and gave the stock a "market perform" rating in a research report on Monday, July 28th. Finally, Wells Fargo & Company lifted their target price on shares of BankUnited from $42.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Four research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $41.75.

Insider Buying and Selling

In other BankUnited news, Director Douglas J. Pauls sold 3,500 shares of BankUnited 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 completion of the sale, the director directly owned 43,205 shares in the company, valued at $1,675,921.95. The trade was a 7.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jay D. Richards sold 3,942 shares of BankUnited stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $38.81, for a total transaction of $152,989.02. Following the completion of the sale, the insider owned 39,193 shares of the company's stock, valued at $1,521,080.33. This trade represents a 9.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.15% of the company's stock.

About BankUnited

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.