Rhumbline Advisers Sells 9,709 Shares of BankUnited, Inc. $BKU

Key Points

• Rhumbline Advisers decreased its stake in BankUnited by 4.2%, holding 223,163 shares valued at approximately $7.7 million after selling 9,709 shares during the first quarter.
• Several institutional investors, including CWM LLC and Bank of New York Mellon Corp, increased their positions in BankUnited, with the latter boosting its holdings by 36.8%.
• BankUnited recently declared a quarterly dividend of $0.31 per share, representing an annual yield of 3.2% and a payout ratio of 36.36%.

Rhumbline Advisers decreased its position in BankUnited, Inc. (NYSE:BKU - Free Report) by 4.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 223,163 shares of the financial services provider's stock after selling 9,709 shares during the period. Rhumbline Advisers owned approximately 0.30% of BankUnited worth $7,686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cerity Partners LLC grew its position in shares of BankUnited by 9.8% during the 1st quarter. Cerity Partners LLC now owns 8,117 shares of the financial services provider's stock valued at $280,000 after acquiring an additional 726 shares during the period. Strs Ohio acquired a new stake in BankUnited in the 1st quarter valued at approximately $28,000. Brooklyn Investment Group increased its holdings in BankUnited by 14,050.0% in the 1st quarter. Brooklyn Investment Group now owns 849 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 843 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of BankUnited by 165.5% in the first quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider's stock worth $65,000 after acquiring an additional 1,175 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of BankUnited by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,446 shares of the financial services provider's stock worth $1,620,000 after acquiring an additional 1,611 shares in the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

BankUnited Stock Performance

NYSE:BKU traded up $0.45 during mid-day trading on Wednesday, hitting $38.36. The stock had a trading volume of 142,958 shares, compared to its average volume of 797,295. The stock has a market capitalization of $2.88 billion, a price-to-earnings ratio of 11.25 and a beta of 1.29. The company has a 50 day simple moving average of $37.83 and a 200-day simple moving average of $35.29. BankUnited, Inc. has a 52 week low of $28.21 and a 52 week 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.

BankUnited (NYSE:BKU - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 EPS for the quarter, topping 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 the consensus estimate of $267.17 million. During the same period in the previous year, the firm earned $0.72 EPS. On average, research analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were given a $0.31 dividend. This represents a $1.24 annualized dividend 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 36.36%.

Insider Buying and Selling at BankUnited

In other news, insider Jay D. Richards sold 3,942 shares of the business's stock in a transaction on Friday, July 25th. The shares were sold at an average price of $38.81, for a total value of $152,989.02. Following the completion of the sale, the insider directly owned 39,193 shares in the company, valued at approximately $1,521,080.33. The trade was a 9.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Douglas J. Pauls sold 3,500 shares of the business's stock in a transaction on 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 owned 43,205 shares of the company's stock, 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. Insiders own 1.15% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on BKU. Cantor Fitzgerald started coverage on shares of BankUnited in a research note on Wednesday, September 10th. They issued an "overweight" rating and a $44.00 price objective for the company. Keefe, Bruyette & Woods boosted their price target on shares of BankUnited from $38.00 to $42.00 and gave the stock a "market perform" rating in a research note on Monday, July 28th. Barclays upped their target price on shares of BankUnited from $41.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 24th. Citigroup increased their price target on shares of BankUnited from $36.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Finally, Royal Bank Of Canada reissued a "sector perform" rating on shares of BankUnited in a research note on Thursday, July 24th. 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target 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.