Public Sector Pension Investment Board Has $4.81 Million Stock Holdings in BankUnited, Inc. (NYSE:BKU)

Public Sector Pension Investment Board raised its holdings in BankUnited, Inc. (NYSE:BKU) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 164,469 shares of the financial services provider’s stock after buying an additional 12,021 shares during the period. Public Sector Pension Investment Board owned about 0.22% of BankUnited worth $4,814,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in BankUnited by 3.7% during the fourth quarter. Vanguard Group Inc. now owns 9,202,637 shares of the financial services provider’s stock worth $298,442,000 after buying an additional 332,567 shares in the last quarter. Federated Hermes Inc. grew its stake in shares of BankUnited by 3,658.4% in the 2nd quarter. Federated Hermes Inc. now owns 325,812 shares of the financial services provider’s stock worth $9,537,000 after acquiring an additional 317,143 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of BankUnited by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,583,059 shares of the financial services provider’s stock valued at $134,144,000 after purchasing an additional 315,872 shares during the last quarter. Victory Capital Management Inc. lifted its position in shares of BankUnited by 171.8% during the second quarter. Victory Capital Management Inc. now owns 294,619 shares of the financial services provider’s stock valued at $8,623,000 after purchasing an additional 186,225 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in BankUnited by 17.1% during the fourth quarter. Goldman Sachs Group Inc. now owns 935,237 shares of the financial services provider’s stock worth $30,330,000 after purchasing an additional 136,291 shares during the last quarter. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Wedbush increased their price objective on shares of BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. lifted their price target on BankUnited from $34.50 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Wells Fargo & Company boosted their price objective on BankUnited from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Monday, July 22nd. Hovde Group lifted their target price on BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Finally, Barclays increased their price target on shares of BankUnited from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $35.10.

BankUnited Price Performance

BKU opened at $35.71 on Friday. The firm has a 50-day moving average price of $36.65 and a 200-day moving average price of $31.15. BankUnited, Inc. has a twelve month low of $20.84 and a twelve month high of $39.51. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 15.39 and a beta of 1.33.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. The business had revenue of $250.20 million during the quarter, compared to analyst estimates of $243.65 million. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. BankUnited’s revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. Equities analysts expect that BankUnited, Inc. will post 2.88 EPS for the current year.

BankUnited Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 11th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.16 dividend on an annualized basis and a yield of 3.25%. BankUnited’s dividend payout ratio (DPR) is 50.00%.

Insiders Place Their Bets

In other news, Director Douglas J. Pauls sold 3,500 shares of the firm’s stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $36.50, for a total value of $127,750.00. Following the completion of the transaction, the director now directly owns 43,654 shares in the company, valued at $1,593,371. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Jay D. Richards sold 10,143 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $36.61, for a total value of $371,335.23. Following the transaction, the insider now owns 37,187 shares of the company’s stock, valued at $1,361,416.07. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Douglas J. Pauls sold 3,500 shares of BankUnited stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $36.50, for a total value of $127,750.00. Following the sale, the director now directly owns 43,654 shares of the company’s stock, valued at approximately $1,593,371. The disclosure for this sale can be found here. Insiders sold a total of 21,507 shares of company stock worth $802,400 in the last quarter. 1.19% of the stock is owned by company 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.