BankUnited, Inc. (NYSE:BKU) Shares Sold by American Century Companies Inc.

American Century Companies Inc. decreased its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 18.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,741,309 shares of the financial services provider’s stock after selling 381,415 shares during the quarter. American Century Companies Inc.’s holdings in BankUnited were worth $66,466,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in shares of BankUnited by 182.3% during the 4th 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. Smartleaf Asset Management LLC boosted its stake in BankUnited by 270.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock worth $74,000 after buying an additional 1,407 shares during the period. R Squared Ltd acquired a new stake in shares of BankUnited during the fourth quarter valued at about $113,000. KBC Group NV raised its stake 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. Finally, GAMMA Investing LLC lifted its holdings in shares of BankUnited by 9.2% in the 4th quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider’s stock worth $193,000 after acquiring an additional 426 shares during the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

BankUnited Trading Down 0.3 %

Shares of NYSE:BKU opened at $35.63 on Wednesday. BankUnited, Inc. has a 52 week low of $24.34 and a 52 week high of $44.45. The company’s 50 day moving average is $37.97 and its two-hundred day moving average is $38.04. The company has a market cap of $2.66 billion, a PE ratio of 11.57 and a beta of 1.40. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same period last year, the firm earned $0.26 EPS. Equities analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Friday, January 10th. BankUnited’s dividend payout ratio (DPR) is presently 37.66%.

Insider Buying and Selling

In related news, Director Sanjiv Sobti purchased 1,000 shares of BankUnited stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $32.83 per share, with a total value of $32,830.00. Following the completion of the transaction, the director now directly owns 21,782 shares in the company, valued at approximately $715,103.06. The trade was a 4.81 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Kevin A. Malcolm sold 3,234 shares of the company’s stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total transaction of $113,772.12. Following the completion of the transaction, the insider now owns 12,250 shares of the company’s stock, valued at $430,955. This represents a 20.89 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BKU shares. The Goldman Sachs Group lifted their target price on shares of BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, November 26th. Hovde Group dropped their price objective on BankUnited from $46.00 to $44.00 and set an “outperform” rating for the company in a research note on Tuesday. Royal Bank of Canada increased their target price on BankUnited from $42.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 23rd. Compass Point boosted their price target on shares of BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Finally, Piper Sandler raised shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price objective for the company in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, BankUnited has an average rating of “Hold” and an average target price of $43.45.

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.