Inspire Investing LLC Sells 716 Shares of BankUnited, Inc. (NYSE:BKU)

Inspire Investing LLC lessened its stake in shares of BankUnited, Inc. (NYSE:BKU) by 5.9% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,369 shares of the financial services provider’s stock after selling 716 shares during the period. Inspire Investing LLC’s holdings in BankUnited were worth $414,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of BankUnited by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider’s stock valued at $265,542,000 after acquiring an additional 280,993 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of BankUnited by 7.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,583,059 shares of the financial services provider’s stock valued at $134,144,000 after acquiring an additional 315,872 shares during the last quarter. Millennium Management LLC lifted its stake in BankUnited by 49.2% in the second quarter. Millennium Management LLC now owns 2,247,271 shares of the financial services provider’s stock worth $65,778,000 after purchasing an additional 740,896 shares during the last quarter. Jennison Associates LLC lifted its stake in BankUnited by 6.4% in the first quarter. Jennison Associates LLC now owns 1,552,387 shares of the financial services provider’s stock worth $43,467,000 after purchasing an additional 93,119 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in BankUnited by 17.1% in 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. Institutional investors own 99.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Barclays raised their price objective on shares of BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Citigroup decreased their price objective on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Hovde Group raised their target price on shares of BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Royal Bank of Canada raised their target price on shares of BankUnited from $29.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 9th. Finally, Wedbush raised their target price on shares of BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $35.80.

BankUnited Stock Performance

Shares of NYSE:BKU opened at $37.54 on Thursday. The company has a market capitalization of $2.81 billion, a price-to-earnings ratio of 16.18 and a beta of 1.33. BankUnited, Inc. has a 52 week low of $21.02 and a 52 week 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 firm has a 50 day moving average of $36.36 and a 200 day moving average of $32.03.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. The company had revenue of $250.20 million during the quarter, compared to the consensus estimate of $243.65 million. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. BankUnited’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.78 earnings per share. On average, sell-side analysts predict that BankUnited, Inc. will post 2.86 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 11th will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Friday, October 11th. BankUnited’s dividend payout ratio (DPR) is 50.00%.

Insider Buying and Selling

In related news, Director Douglas J. Pauls sold 3,500 shares of the business’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 owns 43,654 shares of the company’s stock, valued at $1,593,371. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director William S. Rubenstein sold 7,864 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $38.57, for a total transaction of $303,314.48. Following the transaction, the director now directly owns 10,282 shares of the company’s stock, valued at approximately $396,576.74. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Douglas J. Pauls sold 3,500 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $36.50, for a total value of $127,750.00. Following the transaction, the director now directly owns 43,654 shares in the company, valued at approximately $1,593,371. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 21,507 shares of company stock valued at $802,400 over the last 90 days. Corporate insiders own 1.19% of the company’s stock.

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.