Royce & Associates LP Acquires 101,170 Shares of BankUnited, Inc. (NYSE:BKU)

Royce & Associates LP lifted its position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 8.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 1,250,997 shares of the financial services provider's stock after buying an additional 101,170 shares during the period. Royce & Associates LP owned 1.66% of BankUnited worth $43,084,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BKU. Nomura Asset Management Co. Ltd. raised its stake in BankUnited by 42.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock worth $53,000 after purchasing an additional 410 shares during the period. Versant Capital Management Inc raised its stake in BankUnited by 165.5% during the first quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider's stock worth $65,000 after purchasing an additional 1,175 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in BankUnited during the fourth quarter worth approximately $73,000. Xponance Inc. purchased a new position in BankUnited during the fourth quarter worth approximately $207,000. Finally, Marshall Wace LLP purchased a new position in BankUnited during the fourth quarter worth approximately $216,000. Hedge funds and other institutional investors own 99.70% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on BKU shares. Barclays raised their target price on shares of BankUnited from $41.00 to $43.00 and gave the company an "equal weight" rating in a research note on Thursday. The Goldman Sachs Group cut their target price on shares of BankUnited from $38.00 to $34.00 and set a "sell" rating on the stock in a research note on Wednesday, April 30th. Hovde Group raised their target price on shares of BankUnited from $43.00 to $44.00 and gave the company an "outperform" rating in a research note on Thursday. Keefe, Bruyette & Woods raised their target price on shares of BankUnited from $38.00 to $42.00 and gave the company a "market perform" rating in a research note on Monday. Finally, Citigroup lifted their price target on shares of BankUnited from $36.00 to $38.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, BankUnited has an average rating of "Hold" and an average target price of $41.55.

BankUnited Stock Performance

BankUnited stock traded down $0.25 during midday trading on Monday, reaching $38.21. 516,341 shares of the stock traded hands, compared to its average volume of 839,158. 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 firm has a fifty day moving average price of $35.77 and a two-hundred day moving average price of $35.75. The firm has a market cap of $2.87 billion, a price-to-earnings ratio of 11.21 and a beta of 1.29. BankUnited, Inc. has a fifty-two week low of $28.21 and a fifty-two week high of $44.45.

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

BankUnited Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 11th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.25%. BankUnited's dividend payout ratio (DPR) is 36.36%.

Insider Transactions at BankUnited

In other BankUnited news, Director John N. Digiacomo sold 1,000 shares of the business's stock in a transaction dated Wednesday, May 28th. The shares were sold at an average price of $34.43, for a total transaction of $34,430.00. Following the sale, the director directly owned 14,516 shares in the company, valued at approximately $499,785.88. The trade was a 6.44% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Leslie Lunak sold 22,776 shares of the business's stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $33.56, for a total transaction of $764,362.56. Following the sale, the chief financial officer owned 59,899 shares in the company, valued at $2,010,210.44. This trade represents 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 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.