Aristotle Capital Boston LLC Has $20.64 Million Stock Holdings in BankUnited, Inc. $BKU

Aristotle Capital Boston LLC lessened its holdings in BankUnited, Inc. (NYSE:BKU) by 9.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 463,000 shares of the financial services provider’s stock after selling 46,646 shares during the quarter. BankUnited accounts for approximately 1.1% of Aristotle Capital Boston LLC’s investment portfolio, making the stock its 29th biggest position. Aristotle Capital Boston LLC’s holdings in BankUnited were worth $20,636,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. HoldCo Asset Management LP acquired a new stake in shares of BankUnited in the 3rd quarter valued at $35,752,000. Tudor Investment Corp ET AL acquired a new stake in shares of BankUnited in the 3rd quarter valued at $7,599,000. Artemis Investment Management LLP acquired a new stake in shares of BankUnited in the 4th quarter valued at $73,655,000. Jain Global LLC acquired a new stake in shares of BankUnited in the 3rd quarter valued at $11,224,000. Finally, Capitolis Liquid Global Markets LLC acquired a new stake in shares of BankUnited in the 3rd quarter valued at $4,648,000. Institutional investors and hedge funds own 99.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BKU. Zacks Research downgraded BankUnited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Cantor Fitzgerald raised their target price on BankUnited from $51.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Raymond James Financial reaffirmed an “outperform” rating on shares of BankUnited in a report on Wednesday, April 22nd. Keefe, Bruyette & Woods reduced their target price 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, Wall Street Zen raised BankUnited from a “sell” rating to a “hold” rating in a report on Saturday, May 23rd. Seven research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $53.27.

BankUnited Trading Down 2.6%

NYSE BKU opened at $46.79 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. BankUnited, Inc. has a twelve month low of $33.33 and a twelve month high of $52.11. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 13.03 and a beta of 1.17. The business’s fifty day moving average is $46.81 and its 200 day moving average is $46.43.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Wednesday, April 22nd. The financial services provider reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.14). BankUnited had a net margin of 14.46% and a return on equity of 9.11%. The firm had revenue of $273.69 million for the quarter, compared to analyst estimates of $284.57 million. During the same period last year, the business earned $0.78 EPS. As a group, sell-side analysts expect that BankUnited, Inc. will post 4.16 EPS for the current fiscal year.

BankUnited Increases Dividend

The company also recently disclosed 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. This is a positive change from BankUnited’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.32 annualized dividend and a dividend yield of 2.8%. BankUnited’s dividend payout ratio (DPR) is 36.77%.

Insider Buying and Selling at BankUnited

In related news, insider Jay D. Richards sold 4,000 shares of the firm’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $48.67, for a total transaction of $194,680.00. Following the completion of the transaction, the insider directly owned 40,502 shares of the company’s stock, valued at $1,971,232.34. This trade represents a 8.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John N. Digiacomo sold 1,000 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $45.97, for a total value of $45,970.00. Following the transaction, the director directly owned 15,027 shares of the company’s stock, valued at approximately $690,791.19. This represents a 6.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 1.00% of the company’s stock.

BankUnited Company Profile

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.