New York State Teachers Retirement System Has $955,000 Stock Holdings in BankUnited, Inc. (NYSE:BKU)

New York State Teachers Retirement System trimmed its position in BankUnited, Inc. (NYSE:BKU) by 22.8% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,219 shares of the financial services provider’s stock after selling 7,764 shares during the quarter. New York State Teachers Retirement System’s holdings in BankUnited were worth $955,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. grew its holdings in 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 buying an additional 280,993 shares in the last quarter. Dimensional Fund Advisors LP grew its position in BankUnited by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,583,059 shares of the financial services provider’s stock worth $134,144,000 after acquiring an additional 315,872 shares during the last quarter. Millennium Management LLC grew its holdings in BankUnited by 49.2% during the 2nd quarter. Millennium Management LLC now owns 2,247,271 shares of the financial services provider’s stock worth $65,778,000 after acquiring an additional 740,896 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of BankUnited by 37.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 868,806 shares of the financial services provider’s stock valued at $31,659,000 after buying an additional 236,174 shares during the last quarter. Finally, Bank of Montreal Can lifted its position in shares of BankUnited by 3,901.0% in the 2nd quarter. Bank of Montreal Can now owns 574,068 shares of the financial services provider’s stock worth $16,803,000 after purchasing an additional 559,720 shares during the period. 99.70% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on BKU shares. JPMorgan Chase & Co. lifted their price objective on shares of BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.00 price objective on shares of BankUnited in a research report on Wednesday, October 23rd. Barclays boosted their price target on shares of BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Hovde Group boosted their price objective on shares of BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Finally, Wedbush boosted their price target on shares of BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $36.40.

BankUnited Stock Performance

BankUnited stock opened at $38.97 on Friday. The firm has a 50-day moving average of $36.19 and a 200-day moving average of $33.19. The firm has a market cap of $2.91 billion, a P/E ratio of 15.97 and a beta of 1.33. The company has a current ratio of 0.88, a quick ratio of 0.87 and a debt-to-equity ratio of 1.28. BankUnited, Inc. has a 1-year low of $22.16 and a 1-year high of $40.44.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. The business had revenue of $515.24 million during the quarter, compared to analyst estimates of $258.65 million. During the same period last year, the business posted $0.63 earnings per share. Sell-side analysts expect that BankUnited, Inc. will post 2.85 EPS for the current year.

BankUnited Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 11th were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.16 annualized dividend and a dividend yield of 2.98%. BankUnited’s payout ratio is presently 47.54%.

About BankUnited

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.