UBS Group AG Increases Holdings in BankUnited, Inc. $BKU

Key Points

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UBS Group AG boosted its holdings in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 398.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,170,378 shares of the financial services provider's stock after purchasing an additional 935,370 shares during the period. UBS Group AG owned about 1.56% of BankUnited worth $52,164,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its position in shares of BankUnited by 1.1% during the third quarter. Dimensional Fund Advisors LP now owns 4,596,455 shares of the financial services provider's stock valued at $175,400,000 after buying an additional 51,926 shares during the period. Wellington Management Group LLP increased its position in shares of BankUnited by 23.1% during the third quarter. Wellington Management Group LLP now owns 3,070,822 shares of the financial services provider's stock valued at $117,183,000 after buying an additional 576,843 shares during the period. American Century Companies Inc. grew its stake in BankUnited by 9.4% in the third quarter. American Century Companies Inc. now owns 2,163,936 shares of the financial services provider's stock worth $82,576,000 after purchasing an additional 185,937 shares during the period. Cramer Rosenthal Mcglynn LLC grew its stake in BankUnited by 20.9% in the third quarter. Cramer Rosenthal Mcglynn LLC now owns 1,535,274 shares of the financial services provider's stock worth $58,586,000 after purchasing an additional 265,439 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in BankUnited by 1.0% in the second quarter. Ameriprise Financial Inc. now owns 1,475,797 shares of the financial services provider's stock worth $52,524,000 after purchasing an additional 14,358 shares during the period. Hedge funds and other institutional investors own 99.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on BKU shares. Keefe, Bruyette & Woods reduced their target price on shares of BankUnited from $55.00 to $50.00 and set a "market perform" rating on the stock in a research report on Thursday, April 23rd. Susquehanna raised BankUnited to a "positive" rating in a research note on Wednesday, January 21st. Wells Fargo & Company increased their target price on BankUnited from $50.00 to $55.00 and gave the stock an "overweight" rating in a research note on Monday, March 30th. Wall Street Zen cut BankUnited from a "hold" rating to a "sell" rating in a research note on Sunday. Finally, Weiss Ratings upgraded shares of BankUnited from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $53.27.

Insider Buying and Selling at BankUnited

In other BankUnited news, Director Sanjiv Sobti sold 5,000 shares of the business's stock in a transaction on Monday, February 9th. The shares were sold at an average price of $50.88, for a total value of $254,400.00. Following the sale, the director owned 18,816 shares in the company, valued at $957,358.08. The trade was a 20.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin A. Malcolm sold 3,447 shares of the business's stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $47.11, for a total transaction of $162,388.17. Following the completion of the sale, the insider owned 11,500 shares in the company, valued at approximately $541,765. The trade was a 23.06% decrease in their position. The SEC filing for this sale provides additional information. 1.00% of the stock is owned by insiders.

BankUnited Price Performance

Shares of BankUnited stock opened at $47.36 on Wednesday. The stock's 50-day simple moving average is $45.89 and its 200-day simple moving average is $44.86. BankUnited, Inc. has a 52 week low of $32.97 and a 52 week high of $52.11. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of 13.19 and a beta of 1.19. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58.

BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.83 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.14). BankUnited had a net margin of 14.46% and a return on equity of 9.11%. The business had revenue of $273.69 million during the quarter, compared to analysts' expectations of $284.57 million. During the same quarter in the previous year, the firm earned $0.78 earnings per share. As a group, analysts expect that BankUnited, Inc. will post 4.15 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Friday, April 10th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.8%. The ex-dividend date was Friday, April 10th. This is an increase from BankUnited's previous quarterly dividend of $0.31. BankUnited's dividend payout ratio is presently 36.77%.

BankUnited Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank's lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.

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