Intech Investment Management LLC Sells 126,409 Shares of BankUnited, Inc. $BKU

Intech Investment Management LLC lowered its position in shares of BankUnited, Inc. (NYSE:BKU) by 72.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,600 shares of the financial services provider’s stock after selling 126,409 shares during the period. Intech Investment Management LLC owned about 0.06% of BankUnited worth $2,122,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Strs Ohio bought a new stake in BankUnited during the first quarter worth about $28,000. Quarry LP lifted its stake in BankUnited by 158.2% during the third quarter. Quarry LP now owns 940 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 576 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in BankUnited by 202.0% during the third quarter. Hantz Financial Services Inc. now owns 1,217 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 814 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in BankUnited by 4,293.5% during the third quarter. Jones Financial Companies Lllp now owns 1,362 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,331 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of BankUnited by 141.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,531 shares of the financial services provider’s stock worth $54,000 after buying an additional 898 shares during the period. Institutional investors own 99.70% of the company’s stock.

Insider Transactions at BankUnited

In related news, Director John N. Digiacomo sold 1,000 shares of the business’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $45.97, for a total transaction of $45,970.00. Following the transaction, the director owned 15,027 shares in the company, valued at $690,791.19. The trade was a 6.24% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

BKU has been the topic of several analyst reports. Hovde Group decreased their price objective on BankUnited from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Thursday, April 23rd. Citigroup decreased their price objective on BankUnited from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. Zacks Research downgraded BankUnited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Keefe, Bruyette & Woods decreased their price objective on BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a report on Thursday, April 23rd. Finally, Wells Fargo & Company lifted their price objective on BankUnited from $50.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, March 30th. Seven research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $53.27.

BankUnited Stock Down 2.4%

Shares of NYSE:BKU opened at $45.57 on Thursday. BankUnited, Inc. has a 1 year low of $33.33 and a 1 year high of $52.11. The company has a market cap of $3.31 billion, a PE ratio of 12.69 and a beta of 1.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.82 and a quick ratio of 0.82. The stock’s 50-day moving average is $46.28 and its 200 day moving average is $45.95.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). BankUnited had a net margin of 14.46% and a return on equity of 9.11%. The business had revenue of $273.69 million for the quarter, compared to analysts’ expectations of $284.57 million. During the same quarter in the prior year, the firm earned $0.78 EPS. Sell-side analysts anticipate that BankUnited, Inc. will post 4.16 EPS for the current year.

BankUnited Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were issued a dividend of $0.33 per share. The ex-dividend date was Friday, April 10th. This represents a $1.32 dividend on an annualized basis and a yield of 2.9%. This is a boost from BankUnited’s previous quarterly dividend of $0.31. BankUnited’s dividend payout ratio (DPR) is presently 36.77%.

About BankUnited

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.