Millennium Management LLC Has $97.20 Million Stock Holdings in BankUnited, Inc. (NYSE:BKU)

Millennium Management LLC lowered its position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 14.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,546,540 shares of the financial services provider's stock after selling 428,568 shares during the quarter. Millennium Management LLC owned approximately 3.41% of BankUnited worth $97,201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKU. Blue Trust Inc. grew its stake in shares of BankUnited by 182.3% during the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock worth $31,000 after purchasing an additional 547 shares during the period. Nomura Asset Management Co. Ltd. grew its position in shares of BankUnited by 42.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock worth $53,000 after buying an additional 410 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of BankUnited by 270.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider's stock valued at $74,000 after acquiring an additional 1,407 shares during the last quarter. R Squared Ltd acquired a new stake in shares of BankUnited in the 4th quarter valued at approximately $113,000. Finally, KBC Group NV raised its position in shares of BankUnited by 87.8% in the 4th quarter. KBC Group NV now owns 4,028 shares of the financial services provider's stock valued at $154,000 after acquiring an additional 1,883 shares during the period. Institutional investors own 99.70% of the company's stock.

Insiders Place Their Bets

In other news, CFO Leslie Lunak sold 22,776 shares of the business's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $33.56, for a total transaction of $764,362.56. Following the transaction, the chief financial officer now directly owns 59,899 shares in the company, valued at $2,010,210.44. The trade was a 27.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Sanjiv Sobti bought 1,000 shares of the company's stock in a transaction dated Thursday, March 13th. The stock was purchased at an average cost of $32.83 per share, for a total transaction of $32,830.00. Following the completion of the acquisition, the director now owns 21,782 shares in the company, valued at $715,103.06. This trade represents a 4.81% increase in their position. The disclosure for this purchase can be found here. Insiders own 1.15% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BKU shares. StockNews.com cut shares of BankUnited from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Keefe, Bruyette & Woods decreased their price target 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. The Goldman Sachs Group dropped their price objective on BankUnited from $38.00 to $34.00 and set a "sell" rating on the stock in a research note on Wednesday, April 30th. Wells Fargo & Company reduced their target price on BankUnited from $50.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Finally, Royal Bank of Canada lowered their price target on BankUnited from $42.00 to $40.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $40.55.

BankUnited Stock Down 0.3%

Shares of NYSE BKU traded down $0.12 during midday trading on Tuesday, reaching $35.97. The company's stock had a trading volume of 57,334 shares, compared to its average volume of 852,238. The stock has a 50 day simple moving average of $33.20 and a 200-day simple moving average of $37.16. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 11.68 and a beta of 1.29. BankUnited, Inc. has a fifty-two week low of $26.78 and a fifty-two week high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. The company 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 period in the prior year, the business posted $0.64 EPS. Equities research analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.45%. This is an increase from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date was Friday, April 11th. BankUnited's dividend payout ratio (DPR) is currently 38.51%.

BankUnited 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.