Fox Run Management L.L.C. Sells 3,008 Shares of BankUnited, Inc. (NYSE:BKU)

Fox Run Management L.L.C. lowered its stake in BankUnited, Inc. (NYSE:BKU) by 17.6% in the 4th quarter, Holdings Channel reports. The firm owned 14,106 shares of the financial services provider’s stock after selling 3,008 shares during the quarter. Fox Run Management L.L.C.’s holdings in BankUnited were worth $538,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Geode Capital Management LLC lifted its holdings in shares of BankUnited by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,719,596 shares of the financial services provider’s stock worth $62,674,000 after buying an additional 20,218 shares in the last quarter. Royce & Associates LP increased its holdings in BankUnited by 3.3% during the 4th quarter. Royce & Associates LP now owns 1,149,827 shares of the financial services provider’s stock worth $43,889,000 after acquiring an additional 36,328 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in BankUnited by 6.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 663,084 shares of the financial services provider’s stock worth $24,163,000 after purchasing an additional 39,797 shares in the last quarter. Basswood Capital Management L.L.C. bought a new position in BankUnited in the 3rd quarter valued at $17,745,000. Finally, Fisher Asset Management LLC boosted its holdings in BankUnited by 22.5% in the 4th quarter. Fisher Asset Management LLC now owns 403,000 shares of the financial services provider’s stock valued at $15,383,000 after purchasing an additional 74,000 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Compass Point increased their price objective on BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. Piper Sandler raised BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price target on the stock in a report on Tuesday, March 11th. Keefe, Bruyette & Woods boosted their price objective on BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a report on Wednesday, December 4th. Royal Bank of Canada raised their target price on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group boosted their price target on shares of BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, BankUnited has an average rating of “Hold” and an average price target of $43.45.

Insiders Place Their Bets

In related news, insider Kevin A. Malcolm sold 3,234 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total value of $113,772.12. Following the sale, the insider now directly owns 12,250 shares of the company’s stock, valued at $430,955. This trade represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sanjiv Sobti purchased 1,000 shares of BankUnited stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average price of $32.83 per share, for a total transaction of $32,830.00. Following the acquisition, the director now owns 21,782 shares in the company, valued at $715,103.06. This trade represents a 4.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.19% of the company’s stock.

BankUnited Trading Down 0.3 %

NYSE BKU opened at $35.63 on Wednesday. The firm has a market cap of $2.66 billion, a PE ratio of 11.57 and a beta of 1.40. BankUnited, Inc. has a 1-year low of $24.34 and a 1-year high of $44.45. The stock has a 50-day moving average of $37.97 and a 200-day moving average of $38.04. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating 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 period in the prior year, the company earned $0.26 earnings per share. As a group, sell-side analysts forecast that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.29 per share. The ex-dividend date was Friday, January 10th. This represents a $1.16 annualized dividend and a yield of 3.26%. BankUnited’s payout ratio is currently 37.66%.

BankUnited Company 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.