Thrivent Financial for Lutherans Has $2.33 Million Position in BankUnited, Inc. $BKU

Thrivent Financial for Lutherans lowered its position in BankUnited, Inc. (NYSE:BKU) by 32.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 52,181 shares of the financial services provider’s stock after selling 24,969 shares during the quarter. Thrivent Financial for Lutherans owned 0.07% of BankUnited worth $2,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Artemis Investment Management LLP bought a new stake in BankUnited in the fourth quarter valued at approximately $73,655,000. HoldCo Asset Management LP bought a new stake in BankUnited in the third quarter valued at approximately $35,752,000. UBS Group AG boosted its holdings in BankUnited by 398.0% in the fourth quarter. UBS Group AG now owns 1,170,378 shares of the financial services provider’s stock valued at $52,164,000 after acquiring an additional 935,370 shares during the last quarter. Wellington Management Group LLP boosted its holdings in BankUnited by 23.1% in the third quarter. Wellington Management Group LLP now owns 3,070,822 shares of the financial services provider’s stock valued at $117,183,000 after acquiring an additional 576,843 shares during the last quarter. Finally, Jain Global LLC bought a new stake in BankUnited in the third quarter valued at approximately $11,224,000. Institutional investors and hedge funds own 99.70% of the company’s stock.

Insider Activity

In other news, insider Kevin A. Malcolm sold 3,447 shares of the firm’s stock in a transaction on Wednesday, March 4th. The stock was sold at an average price of $47.11, for a total transaction of $162,388.17. Following the completion of the sale, the insider directly owned 11,500 shares of the company’s stock, valued at $541,765. This trade represents a 23.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the company. Zacks Research cut BankUnited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. 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. Raymond James Financial reiterated an “outperform” rating on shares of BankUnited in a report on Wednesday, April 22nd. Wall Street Zen upgraded BankUnited from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings cut BankUnited from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, May 15th. Seven investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $53.27.

BankUnited Price Performance

Shares of BKU opened at $46.27 on Tuesday. BankUnited, Inc. has a 12-month low of $33.06 and a 12-month high of $52.11. The business’s fifty day moving average is $45.84 and its 200 day moving average is $45.64. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.58. The stock has a market cap of $3.36 billion, a P/E ratio of 12.89 and a beta of 1.19.

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

BankUnited Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Stockholders of record on Friday, April 10th were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, April 10th. This represents a $1.32 annualized dividend and a dividend yield of 2.9%. This is a boost from BankUnited’s previous quarterly dividend of $0.31. BankUnited’s payout ratio is 36.77%.

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.