Savant Capital LLC Sells 19,211 Shares of BankUnited, Inc. $BKU

Savant Capital LLC cut its position in BankUnited, Inc. (NYSE:BKU) by 80.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,615 shares of the financial services provider’s stock after selling 19,211 shares during the quarter. Savant Capital LLC’s holdings in BankUnited were worth $206,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. HoldCo Asset Management LP bought a new stake in shares of BankUnited in the third quarter valued at $35,752,000. Tudor Investment Corp ET AL bought a new stake in shares of BankUnited in the third quarter valued at $7,599,000. Artemis Investment Management LLP bought a new stake in shares of BankUnited in the fourth quarter valued at $73,655,000. Public Sector Pension Investment Board raised its stake in shares of BankUnited by 11.7% in the third quarter. Public Sector Pension Investment Board now owns 334,570 shares of the financial services provider’s stock valued at $12,767,000 after buying an additional 34,952 shares during the period. Finally, Capitolis Liquid Global Markets LLC bought a new stake in shares of BankUnited in the third quarter valued at $4,648,000. 99.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on BKU. Zacks Research lowered BankUnited from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 14th. Raymond James Financial reiterated an “outperform” rating on shares of BankUnited in a research note on Wednesday, April 22nd. Wall Street Zen upgraded BankUnited from a “sell” rating to a “hold” rating in a research note on Saturday, May 23rd. Weiss Ratings upgraded BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 29th. Finally, Cantor Fitzgerald boosted their price objective on BankUnited from $51.00 to $56.00 and gave the company an “overweight” rating in a research note on Tuesday, March 3rd. Seven investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $53.27.

BankUnited Price Performance

Shares of NYSE BKU opened at $47.18 on Monday. The firm has a market capitalization of $3.43 billion, a P/E ratio of 13.14 and a beta of 1.17. 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’s 50-day simple moving average is $46.37 and its two-hundred day simple moving average is $46.07. BankUnited, Inc. has a twelve month low of $33.33 and a twelve month high of $52.11.

BankUnited (NYSE:BKU) last released its quarterly earnings results 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). The business had revenue of $273.69 million during the quarter, compared to analysts’ expectations of $284.57 million. BankUnited had a net margin of 14.46% and a return on equity of 9.11%. During the same period in the previous year, the business earned $0.78 EPS. As a group, equities analysts anticipate that BankUnited, Inc. will post 4.16 EPS for the current fiscal year.

BankUnited Increases Dividend

The firm also recently declared 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. This is a boost from BankUnited’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, April 10th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.8%. BankUnited’s dividend payout ratio is 36.77%.

Insider Activity

In other news, Director John N. Digiacomo sold 1,000 shares of BankUnited stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $45.97, for a total transaction of $45,970.00. Following the completion of the sale, the director owned 15,027 shares in the company, valued at approximately $690,791.19. This trade represents a 6.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.00% of the company’s stock.

About BankUnited

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.