U S Wealth Group LLC. Takes $244,000 Position in BankUnited, Inc. (NYSE:BKU)

U S Wealth Group LLC. bought a new stake in BankUnited, Inc. (NYSE:BKU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,381 shares of the financial services provider’s stock, valued at approximately $244,000.

Several other large investors have also modified their holdings of the stock. Bank of Montreal Can raised its position in BankUnited by 4.1% during the 4th quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider’s stock worth $579,000 after buying an additional 593 shares during the last quarter. Federated Hermes Inc. boosted its holdings in BankUnited by 18.0% in the 4th quarter. Federated Hermes Inc. now owns 530,938 shares of the financial services provider’s stock valued at $20,266,000 after purchasing an additional 80,995 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its stake in shares of BankUnited by 24.0% during the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 12,221 shares of the financial services provider’s stock worth $466,000 after buying an additional 2,368 shares in the last quarter. Wells Fargo & Company MN boosted its stake in shares of BankUnited by 15.5% in the fourth quarter. Wells Fargo & Company MN now owns 125,822 shares of the financial services provider’s stock valued at $4,803,000 after buying an additional 16,887 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in BankUnited by 19.4% during the fourth quarter. Franklin Resources Inc. now owns 68,036 shares of the financial services provider’s stock worth $2,597,000 after acquiring an additional 11,062 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on BKU shares. Compass Point boosted their target price on shares of BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Hovde Group reduced their price target on shares of BankUnited from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Tuesday, March 25th. Royal Bank of Canada upped their price target on BankUnited from $42.00 to $43.00 and gave the stock a “sector perform” rating in a report on Thursday, January 23rd. Wells Fargo & Company upped their target price on BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Finally, Piper Sandler raised shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price objective on the stock in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, BankUnited currently has a consensus rating of “Hold” and a consensus target price of $43.45.

Insider Buying and Selling at BankUnited

In other news, insider Kevin A. Malcolm sold 3,234 shares of BankUnited stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total transaction of $113,772.12. Following the sale, the insider now directly owns 12,250 shares of the company’s stock, valued at approximately $430,955. The trade was a 20.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sanjiv Sobti acquired 2,000 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were acquired at an average price of $32.07 per share, for a total transaction of $64,140.00. Following the completion of the acquisition, the director now directly owns 20,782 shares in the company, valued at $666,478.74. The trade was a 10.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.19% of the stock is currently owned by corporate insiders.

BankUnited Stock Performance

Shares of BKU stock opened at $29.69 on Monday. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 9.64 and a beta of 1.20. The company has a 50 day moving average price of $36.95 and a 200 day moving average price of $37.91. BankUnited, Inc. has a one year low of $24.34 and a one year high of $44.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter last year, the firm earned $0.26 earnings per share. Sell-side analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be issued a $0.31 dividend. This is an increase from BankUnited’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 4.18%. The ex-dividend date of this dividend is Friday, April 11th. BankUnited’s dividend payout ratio is currently 40.26%.

BankUnited 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.