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

Fox Run Management L.L.C. reduced its position in shares of BankUnited, Inc. (NYSE:BKU) by 17.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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 quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. increased its holdings in shares of BankUnited by 182.3% during the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 547 shares in the last quarter. Smartleaf Asset Management LLC grew its position in BankUnited by 270.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 1,407 shares during the period. R Squared Ltd bought a new stake in BankUnited during the 4th quarter valued at $113,000. KBC Group NV raised its holdings in BankUnited by 87.8% during the fourth quarter. KBC Group NV now owns 4,028 shares of the financial services provider’s stock worth $154,000 after buying an additional 1,883 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of BankUnited by 9.2% in the fourth quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider’s stock valued at $193,000 after buying an additional 426 shares in the last quarter. Institutional investors own 99.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BKU. Keefe, Bruyette & Woods boosted their target price on shares of BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Compass Point boosted their price objective on BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Wells Fargo & Company raised 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. Barclays cut their target price on BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Finally, StockNews.com lowered BankUnited from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, BankUnited currently has a consensus rating of “Hold” and an average target price of $43.45.

Insiders Place Their Bets

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

BankUnited Trading Down 0.3 %

NYSE BKU opened at $35.63 on Wednesday. The business’s fifty day moving average is $37.97 and its 200-day moving average is $38.04. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 11.57 and a beta of 1.40. BankUnited, Inc. has a one year low of $24.34 and a one year high of $44.45.

BankUnited (NYSE:BKU) last announced its quarterly earnings data 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 net margin of 11.48% and a return on equity of 8.48%. During the same period last year, the business earned $0.26 EPS. Equities research analysts predict that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

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

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.