UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 31,416 Shares of BankUnited, Inc. (NYSE:BKU)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 20.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,016 shares of the financial services provider's stock after buying an additional 31,416 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.25% of BankUnited worth $7,177,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of BKU. Balyasny Asset Management L.P. acquired a new stake in shares of BankUnited during the fourth quarter worth $34,525,000. Freestone Grove Partners LP acquired a new stake in shares of BankUnited during the fourth quarter worth $30,499,000. Cramer Rosenthal Mcglynn LLC acquired a new stake in shares of BankUnited during the fourth quarter worth $18,663,000. JPMorgan Chase & Co. increased its position in shares of BankUnited by 12.9% during the fourth quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider's stock worth $107,696,000 after buying an additional 322,368 shares during the period. Finally, Alyeska Investment Group L.P. bought a new position in BankUnited during the fourth quarter worth $10,163,000. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wall Street Zen lowered shares of BankUnited from a "buy" rating to a "hold" rating in a research note on Tuesday, March 18th. Wells Fargo & Company reduced their price objective on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Hovde Group reduced their price objective on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. Keefe, Bruyette & Woods reduced their price objective on shares of BankUnited from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. Finally, Piper Sandler upgraded shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price objective for the company in a report on Tuesday, March 11th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $40.42.

BankUnited Stock Performance

BKU stock traded down $0.06 during mid-day trading on Thursday, hitting $33.60. The company had a trading volume of 530,972 shares, compared to its average volume of 798,308. The firm has a market cap of $2.53 billion, a PE ratio of 10.91 and a beta of 1.29. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. BankUnited, Inc. has a 12 month low of $26.78 and a 12 month high of $44.45. The stock's fifty day moving average price is $33.11 and its two-hundred day moving average price is $36.76.

BankUnited (NYSE:BKU - Get Free Report) last posted its earnings results on Monday, April 28th. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. The firm had revenue of $255.41 million during the quarter, compared to the consensus estimate of $264.35 million. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same quarter last year, the company earned $0.64 earnings per share. On average, analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, April 11th. This represents a $1.24 annualized dividend and a yield of 3.69%. This is a boost from BankUnited's previous quarterly dividend of $0.29. BankUnited's payout ratio is currently 38.51%.

Insider Activity at BankUnited

In related news, Director Sanjiv Sobti purchased 2,000 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $32.07 per share, with a total value of $64,140.00. Following the purchase, the director now directly owns 20,782 shares in the company, valued at approximately $666,478.74. This represents a 10.65% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Leslie Lunak sold 22,776 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $33.56, for a total transaction of $764,362.56. Following the completion of the transaction, the chief financial officer now directly owns 59,899 shares of the company's stock, valued at approximately $2,010,210.44. This represents a 27.55% decrease in their position. The disclosure for this sale can be found here. 1.15% of the stock is owned by corporate 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.