PharVision Advisers LLC Purchases Shares of 10,912 BankUnited, Inc. $BKU

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 stake in BankUnited, Inc. (NYSE:BKU - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,912 shares of the financial services provider's stock, valued at approximately $376,000.

Several other institutional investors have also recently made changes to their positions in BKU. Wellington Management Group LLP lifted its position in shares of BankUnited by 893.2% during 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 acquiring an additional 1,035,002 shares in the last quarter. Boston Partners purchased a new stake in shares of BankUnited during the first quarter worth $26,299,000. Kodai Capital Management LP purchased a new stake in shares of BankUnited during the first quarter worth $16,986,000. Nuveen LLC purchased a new stake in shares of BankUnited during the first quarter worth $16,338,000. Finally, Cramer Rosenthal Mcglynn LLC lifted its position in shares of BankUnited by 64.9% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 806,468 shares of the financial services provider's stock worth $27,775,000 after acquiring an additional 317,532 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Barclays upped their price target on shares of BankUnited from $41.00 to $43.00 and gave the stock an "equal weight" rating in a report on Thursday, July 24th. Wall Street Zen upgraded BankUnited from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Citigroup boosted their target price on BankUnited from $36.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company boosted their target price on BankUnited from $42.00 to $45.00 and gave the stock an "overweight" rating in a research report on Thursday, July 24th. Finally, Piper Sandler restated a "neutral" rating and set a $43.00 target price (up from $41.00) on shares of BankUnited in a research report on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $41.55.

BankUnited Price Performance

Shares of BKU traded down $0.31 during midday trading on Monday, reaching $38.67. The stock had a trading volume of 562,904 shares, compared to its average volume of 549,223. The company's 50-day moving average is $37.70 and its 200 day moving average is $35.22. BankUnited, Inc. has a 12-month low of $28.21 and a 12-month high of $44.45. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 11.34 and a beta of 1.29.

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

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Investors of record on Friday, July 11th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, July 11th. This represents a $1.24 annualized dividend and a yield of 3.2%. BankUnited's dividend payout ratio is currently 36.36%.

Insider Activity

In related news, Director Douglas J. Pauls sold 3,500 shares of the stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $38.79, for a total transaction 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. This represents a 7.49% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jay D. Richards sold 3,942 shares of the stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $38.81, for a total value of $152,989.02. Following the sale, the insider owned 39,193 shares of the company's stock, valued at $1,521,080.33. This represents a 9.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate 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.