BankUnited, Inc. (NYSE:BKU) Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB increased its position in BankUnited, Inc. (NYSE:BKU) by 1.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,208 shares of the financial services provider’s stock after acquiring an additional 1,595 shares during the period. Nordea Investment Management AB owned approximately 0.14% of BankUnited worth $3,950,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its stake in BankUnited by 9.2% during the 4th quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider’s stock valued at $193,000 after acquiring an additional 426 shares during the period. Franklin Resources Inc. lifted its position in BankUnited by 5.3% during the third quarter. Franklin Resources Inc. now owns 56,974 shares of the financial services provider’s stock valued at $2,097,000 after purchasing an additional 2,856 shares during the period. Geode Capital Management LLC boosted its holdings in BankUnited by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,719,596 shares of the financial services provider’s stock valued at $62,674,000 after purchasing an additional 20,218 shares during the last quarter. Barclays PLC boosted its holdings in BankUnited by 48.3% in the third quarter. Barclays PLC now owns 183,240 shares of the financial services provider’s stock valued at $6,677,000 after purchasing an additional 59,644 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in BankUnited by 8.8% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 74,966 shares of the financial services provider’s stock worth $2,732,000 after purchasing an additional 6,087 shares during the period. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Stock Down 4.4 %

BKU stock opened at $36.89 on Friday. BankUnited, Inc. has a 52 week low of $24.34 and a 52 week high of $44.45. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The firm has a 50-day simple moving average of $39.81 and a 200-day simple moving average of $36.77. The stock has a market capitalization of $2.76 billion, a P/E ratio of 15.12 and a beta of 1.38.

BankUnited (NYSE:BKU) last posted 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. The company had revenue of $515.24 million during the quarter, compared to analyst estimates of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same period in the previous year, the business earned $0.63 EPS. Equities analysts forecast that BankUnited, Inc. will post 2.89 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be issued a $0.29 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.14%. BankUnited’s payout ratio is currently 47.54%.

Insiders Place Their Bets

In related news, insider Jay D. Richards sold 2,500 shares of BankUnited stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total transaction of $102,950.00. Following the transaction, the insider now owns 34,687 shares in the company, valued at approximately $1,428,410.66. This trade represents a 6.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Thomas M. Cornish sold 10,778 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.11, for a total value of $421,527.58. Following the completion of the sale, the chief operating officer now owns 100,000 shares of the company’s stock, valued at approximately $3,911,000. The trade was a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BKU shares. Barclays decreased their price objective on BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. The Goldman Sachs Group upped their price objective on BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. Wedbush lifted their target price on shares of BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Keefe, Bruyette & Woods increased their price target on shares of BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Finally, Compass Point raised their price target on shares of BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $42.60.

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.