BankUnited (BKU) Stake Lessened by American Century Companies Inc.

American Century Companies Inc. decreased its position in BankUnited (NYSE:BKU) by 40.1% in the 4th quarter, HoldingsChannel reports. The fund owned 1,477,136 shares of the financial services provider’s stock after selling 988,274 shares during the quarter. American Century Companies Inc.’s holdings in BankUnited were worth $60,149,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado grew its stake in shares of BankUnited by 109.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 6,858 shares of the financial services provider’s stock worth $279,000 after acquiring an additional 3,582 shares in the last quarter. CI Investments Inc. bought a new stake in shares of BankUnited in the 4th quarter worth $529,000. Boston Partners grew its stake in shares of BankUnited by 51.2% in the 4th quarter. Boston Partners now owns 1,407,399 shares of the financial services provider’s stock worth $57,310,000 after acquiring an additional 476,518 shares in the last quarter. Victory Capital Management Inc. grew its stake in shares of BankUnited by 1.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,639,362 shares of the financial services provider’s stock worth $66,755,000 after acquiring an additional 20,414 shares in the last quarter. Finally, LSV Asset Management grew its stake in shares of BankUnited by 16.6% in the 4th quarter. LSV Asset Management now owns 1,269,900 shares of the financial services provider’s stock worth $51,710,000 after acquiring an additional 180,389 shares in the last quarter. Hedge funds and other institutional investors own 96.94% of the company’s stock.

Several analysts have recently issued reports on BKU shares. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $42.00 target price on shares of BankUnited in a research note on Thursday, December 14th. ValuEngine upgraded shares of BankUnited from a “hold” rating to a “buy” rating in a research note on Thursday, January 25th. Zacks Investment Research upgraded shares of BankUnited from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Friday, January 12th. Barclays restated a “buy” rating and set a $42.00 price target on shares of BankUnited in a research report on Tuesday, December 5th. Finally, Deutsche Bank reduced their price target on shares of BankUnited from $42.00 to $40.00 and set a “hold” rating for the company in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $43.09.

In other BankUnited news, Director Douglas J. Pauls sold 40,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $42.12, for a total transaction of $1,684,800.00. Following the sale, the director now directly owns 31,380 shares of the company’s stock, valued at $1,321,725.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark Bagnoli sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total transaction of $35,880.00. Following the sale, the insider now directly owns 19,699 shares in the company, valued at $706,800.12. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

BankUnited (BKU) opened at $39.64 on Friday. The firm has a market cap of $4,330.00, a PE ratio of 7.12, a P/E/G ratio of 1.38 and a beta of 1.00. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.86. BankUnited has a 1 year low of $30.37 and a 1 year high of $43.84.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.86 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.24. The company had revenue of $285.37 million during the quarter, compared to analyst estimates of $270.33 million. BankUnited had a net margin of 45.09% and a return on equity of 11.30%. During the same quarter in the prior year, the business earned $0.59 earnings per share. equities analysts forecast that BankUnited will post 3.16 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 12th were given a dividend of $0.21 per share. The ex-dividend date was Thursday, January 11th. This represents a $0.84 annualized dividend and a yield of 2.12%. BankUnited’s payout ratio is currently 15.08%.

BankUnited announced that its board has approved a stock buyback plan on Tuesday, January 23rd that allows the company to buyback $150.00 million in outstanding shares. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

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About BankUnited

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

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Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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