PNC Financial Services Group Inc. decreased its position in shares of BankUnited (NYSE:BKU) by 91.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 11,926 shares of the financial services provider’s stock after selling 122,445 shares during the period. PNC Financial Services Group Inc.’s holdings in BankUnited were worth $356,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Toronto Dominion Bank purchased a new position in shares of BankUnited during the fourth quarter valued at approximately $75,000. First Interstate Bank lifted its stake in shares of BankUnited by 119.8% during the fourth quarter. First Interstate Bank now owns 4,890 shares of the financial services provider’s stock valued at $146,000 after buying an additional 2,665 shares during the period. Cerebellum GP LLC lifted its stake in shares of BankUnited by 22.1% during the fourth quarter. Cerebellum GP LLC now owns 6,036 shares of the financial services provider’s stock valued at $181,000 after buying an additional 1,091 shares during the period. Algert Global LLC purchased a new position in shares of BankUnited during the fourth quarter valued at approximately $201,000. Finally, Franklin Resources Inc. purchased a new position in shares of BankUnited during the third quarter valued at approximately $206,000. 96.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of BKU stock opened at $34.16 on Thursday. BankUnited has a one year low of $28.05 and a one year high of $44.97. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.64. The company has a market cap of $3.47 billion, a P/E ratio of 14.47, a P/E/G ratio of 1.43 and a beta of 1.10.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). BankUnited had a return on equity of 10.84% and a net margin of 20.31%. The company had revenue of $328.38 million for the quarter, compared to analyst estimates of $314.33 million. During the same period last year, the company posted $0.62 EPS. The business’s revenue for the quarter was up 15.1% on a year-over-year basis. Research analysts anticipate that BankUnited will post 2.78 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 12th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.46%. The ex-dividend date is Thursday, April 11th. BankUnited’s dividend payout ratio (DPR) is 35.59%.

Several equities analysts recently issued reports on the stock. ValuEngine downgraded shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Wednesday. Stephens lowered shares of BankUnited from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 6th. Bank of America lowered shares of BankUnited from a “buy” rating to a “neutral” rating and set a $34.00 price target for the company. in a research report on Thursday, January 10th. Zacks Investment Research lowered shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. Finally, TheStreet lowered shares of BankUnited from a “b-” rating to a “c+” rating in a research report on Friday, December 21st. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. BankUnited has a consensus rating of “Hold” and a consensus target price of $40.70.

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BankUnited Company Profile

BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts, as well as certificates of deposit; and treasury management services.

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Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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