10,912 Shares in BankUnited, Inc. $BKU Purchased by PharVision Advisers LLC

Key Points

• PharVision Advisers LLC purchased 10,912 shares of BankUnited, Inc., valued at approximately $376,000, during the first quarter, highlighting growing institutional interest in the bank.
• BankUnited recently reported $0.91 earnings per share for the quarter, exceeding analysts' estimates of $0.79, and a revenue of $273.93 million, surpassing expected figures.
• The company announced a quarterly dividend of $0.31 per share, representing a 3.2% yield, with a dividend payout ratio of 36.36%.

PharVision Advisers LLC acquired a new position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,912 shares of the financial services provider's stock, valued at approximately $376,000.

Several other large investors also recently modified their holdings of the company. American Century Companies Inc. increased its position in shares of BankUnited by 6.2% during the first quarter. American Century Companies Inc. now owns 1,849,271 shares of the financial services provider's stock worth $63,689,000 after buying an additional 107,962 shares during the period. Ameriprise Financial Inc. increased its position in shares of BankUnited by 3.8% during the first quarter. Ameriprise Financial Inc. now owns 1,461,439 shares of the financial services provider's stock worth $50,332,000 after buying an additional 53,905 shares during the period. Royce & Associates LP grew its holdings in BankUnited by 8.8% in the first quarter. Royce & Associates LP now owns 1,250,997 shares of the financial services provider's stock worth $43,084,000 after purchasing an additional 101,170 shares during the period. Wellington Management Group LLP grew its holdings in BankUnited by 893.2% in the first 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 during the period. Finally, Bank of New York Mellon Corp increased its stake in BankUnited by 36.8% in 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 purchasing an additional 285,092 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Stock Up 1.9%

Shares of BankUnited stock traded up $0.74 during trading hours on Thursday, reaching $39.35. The company's stock had a trading volume of 329,447 shares, compared to its average volume of 796,161. BankUnited, Inc. has a one year low of $28.21 and a one year high of $44.45. The company has a market capitalization of $2.96 billion, a P/E ratio of 11.53 and a beta of 1.29. The stock's fifty day simple moving average is $37.75 and its two-hundred day simple moving average is $35.27. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.84 and a current ratio of 0.84.

BankUnited (NYSE:BKU - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 earnings per share 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 company had revenue of $273.93 million for the quarter, compared to analyst estimates of $267.17 million. During the same period last year, the firm earned $0.72 earnings per share. On average, research analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Announces Dividend

The company also recently declared 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. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend was Friday, July 11th. BankUnited's dividend payout ratio (DPR) is presently 36.36%.

Insider Transactions at BankUnited

In related news, insider Jay D. Richards sold 3,942 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $38.81, for a total transaction of $152,989.02. Following the transaction, the insider directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas J. Pauls sold 3,500 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $38.79, for a total transaction of $135,765.00. Following the transaction, 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 disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on BKU. Jefferies Financial Group initiated coverage on BankUnited in a research note on Wednesday, May 21st. They issued a "hold" rating and a $39.00 target price for the company. Cantor Fitzgerald began coverage on BankUnited in a research note on Wednesday. They set an "overweight" rating and a $44.00 price target on the stock. Citigroup upped 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. Hovde Group upped their price target on BankUnited from $43.00 to $44.00 and gave the stock an "outperform" rating in a research note on Thursday, July 24th. Finally, Wall Street Zen raised BankUnited from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Four equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $41.75.

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.