Hotchkis & Wiley Capital Management LLC Cuts Holdings in BankUnited, Inc. (NYSE:BKU)

Hotchkis & Wiley Capital Management LLC decreased its holdings in BankUnited, Inc. (NYSE:BKU) by 19.6% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 343,570 shares of the financial services provider’s stock after selling 83,750 shares during the period. Hotchkis & Wiley Capital Management LLC owned approximately 0.46% of BankUnited worth $12,520,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. CWM LLC boosted its stake in shares of BankUnited by 307.6% in the 2nd quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,455 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of BankUnited in the 2nd quarter valued at $74,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of BankUnited in the 2nd quarter valued at $169,000. GAMMA Investing LLC boosted its stake in shares of BankUnited by 17.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 686 shares in the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in shares of BankUnited in the 2nd quarter valued at $175,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wedbush upped their price objective on shares of BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. The Goldman Sachs Group upped their price target on shares of BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, November 26th. Wells Fargo & Company upgraded shares of BankUnited from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $38.00 to $48.00 in a report on Wednesday, November 13th. Royal Bank of Canada reiterated a “sector perform” rating and set a $37.00 price target on shares of BankUnited in a report on Wednesday, October 23rd. Finally, Barclays upped their price target on shares of BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.70.

BankUnited Stock Down 0.9 %

Shares of NYSE BKU opened at $41.15 on Wednesday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. BankUnited, Inc. has a 12 month low of $24.34 and a 12 month high of $44.45. The firm has a market capitalization of $3.08 billion, a PE ratio of 16.86 and a beta of 1.36. The firm has a fifty day simple moving average of $37.88 and a two-hundred day simple moving average of $34.77.

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. The business had revenue of $515.24 million during the quarter, compared to analyst estimates of $258.65 million. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. During the same period in the prior year, the business earned $0.63 EPS. Equities analysts expect that BankUnited, Inc. will post 2.89 earnings per share for the current year.

BankUnited Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.16 annualized dividend and a dividend yield of 2.82%. BankUnited’s payout ratio is 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.