BankUnited, Inc. (NYSE:BKU) Shares Sold by Engineers Gate Manager LP

Engineers Gate Manager LP trimmed its stake in shares of BankUnited, Inc. (NYSE:BKU – Get Rating) by 30.4% in the 3rd quarter, HoldingsChannel reports. The firm owned 10,862 shares of the financial services provider’s stock after selling 4,735 shares during the quarter. Engineers Gate Manager LP’s holdings in BankUnited were worth $371,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. State Street Corp raised its holdings in BankUnited by 4.7% during the 1st quarter. State Street Corp now owns 5,684,665 shares of the financial services provider’s stock worth $249,898,000 after buying an additional 252,653 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of BankUnited by 6.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,526,849 shares of the financial services provider’s stock worth $154,682,000 after acquiring an additional 292,991 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in BankUnited by 1.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,681,730 shares of the financial services provider’s stock worth $95,390,000 after acquiring an additional 39,246 shares during the period. Jennison Associates LLC increased its position in BankUnited by 9.2% in the 3rd quarter. Jennison Associates LLC now owns 1,439,753 shares of the financial services provider’s stock worth $49,196,000 after buying an additional 121,363 shares during the period. Finally, Invesco Ltd. raised its position in shares of BankUnited by 5.7% during the first quarter. Invesco Ltd. now owns 1,291,762 shares of the financial services provider’s stock valued at $56,787,000 after buying an additional 69,768 shares during the last quarter.

Insider Activity at BankUnited

In related news, insider Kevin A. Malcolm sold 1,406 shares of the stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $35.21, for a total transaction of $49,505.26. Following the completion of the sale, the insider now directly owns 10,000 shares of the company’s stock, valued at approximately $352,100. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.91% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of BankUnited from $35.00 to $32.00 and set an “underweight” rating for the company in a report on Tuesday, December 13th. Wells Fargo & Company downgraded shares of BankUnited from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $45.00 to $38.00 in a research report on Thursday, December 15th. Finally, StockNews.com upgraded shares of BankUnited from a “sell” rating to a “hold” rating in a research report on Tuesday, February 21st. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $41.29.

BankUnited Stock Performance

Shares of NYSE:BKU opened at $25.09 on Tuesday. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 7.07 and a beta of 1.23. The firm’s 50 day simple moving average is $35.63 and its 200 day simple moving average is $35.69. The company has a debt-to-equity ratio of 2.22, a current ratio of 0.89 and a quick ratio of 0.89. BankUnited, Inc. has a fifty-two week low of $23.14 and a fifty-two week high of $45.86.

BankUnited (NYSE:BKU – Get Rating) last announced its quarterly earnings results on Thursday, January 19th. The financial services provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by ($0.29). The firm had revenue of $269.88 million during the quarter, compared to analyst estimates of $268.41 million. BankUnited had a net margin of 21.78% and a return on equity of 11.08%. As a group, sell-side analysts forecast that BankUnited, Inc. will post 3.89 earnings per share for the current year.

BankUnited Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 28th. Investors of record on Wednesday, April 12th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.30%. This is an increase from BankUnited’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, April 11th. BankUnited’s dividend payout ratio (DPR) is currently 28.17%.

BankUnited Profile

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BankUnited, Inc is a holding company, which engages in the provision of commercial and consumer banking services through its subsidiary, BankUnited, N.A.. Its services include corporate banking, commercial real estate, treasury management, business checking accounts, business online banking solutions, and home mortgages.