American Century Companies Inc. Trims Position in BankUnited, Inc. (NYSE:BKU)

American Century Companies Inc. trimmed its position in BankUnited, Inc. (NYSE:BKU) by 4.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,120,710 shares of the financial services provider’s stock after selling 99,328 shares during the quarter. American Century Companies Inc. owned approximately 2.84% of BankUnited worth $62,073,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Texas Permanent School Fund Corp lifted its stake in BankUnited by 12.5% in the 2nd quarter. Texas Permanent School Fund Corp now owns 73,243 shares of the financial services provider’s stock worth $2,144,000 after purchasing an additional 8,153 shares in the last quarter. Choreo LLC purchased a new stake in shares of BankUnited in the second quarter worth $441,000. Arizona State Retirement System boosted its stake in BankUnited by 1.9% during the second quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock valued at $609,000 after buying an additional 379 shares during the period. Victory Capital Management Inc. grew its position in BankUnited by 171.8% during the second quarter. Victory Capital Management Inc. now owns 294,619 shares of the financial services provider’s stock worth $8,623,000 after buying an additional 186,225 shares in the last quarter. Finally, Jackson Creek Investment Advisors LLC bought a new position in BankUnited in the 2nd quarter worth about $1,134,000. 99.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Royal Bank of Canada lifted their target price on shares of BankUnited from $29.00 to $31.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. upped their target price on shares of BankUnited from $34.50 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Wedbush raised their price target on BankUnited from $30.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, July 19th. Barclays upped their price objective on BankUnited from $30.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, July 22nd. Finally, Hovde Group raised their price objective on BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $35.00.

BankUnited Trading Up 3.8 %

NYSE:BKU opened at $36.03 on Monday. The firm has a market capitalization of $2.69 billion, a P/E ratio of 15.53 and a beta of 1.33. BankUnited, Inc. has a 52 week low of $20.84 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 company has a fifty day moving average of $35.88 and a 200 day moving average of $30.60.

BankUnited (NYSE:BKU) last posted its earnings results on Thursday, July 18th. The financial services provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.07. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. The company had revenue of $250.20 million during the quarter, compared to analyst estimates of $243.65 million. During the same period in the prior year, the business posted $0.78 earnings per share. BankUnited’s revenue for the quarter was up 4.5% on a year-over-year basis. On average, research analysts predict that BankUnited, Inc. will post 2.88 earnings per share for the current year.

BankUnited Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Friday, July 12th were given a $0.29 dividend. The ex-dividend date was Friday, July 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.22%. BankUnited’s dividend payout ratio is currently 50.00%.

Insider Activity

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

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.