California State Teachers Retirement System Acquires 21,956 Shares of BankUnited, Inc. $BKU

California State Teachers Retirement System lifted its stake in shares of BankUnited, Inc. (NYSE:BKU) by 30.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 92,927 shares of the financial services provider’s stock after buying an additional 21,956 shares during the period. California State Teachers Retirement System’s holdings in BankUnited were worth $4,197,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Eurizon Capital SGR S.p.A. acquired a new stake in BankUnited in the fourth quarter worth $30,000. Kestra Advisory Services LLC acquired a new position in shares of BankUnited during the fourth quarter valued at about $35,000. Strs Ohio bought a new position in shares of BankUnited during the 1st quarter worth about $28,000. Quarry LP boosted its position in shares of BankUnited by 158.2% during the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 576 shares in the last quarter. Finally, Global Retirement Partners LLC grew its stake in shares of BankUnited by 17,050.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,372 shares of the financial services provider’s stock valued at $61,000 after buying an additional 1,364 shares during the period. Institutional investors own 99.70% of the company’s stock.

BankUnited Price Performance

BKU stock opened at $46.46 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.82 and a current ratio of 0.82. The business has a 50-day simple moving average of $47.77 and a two-hundred day simple moving average of $47.13. The company has a market capitalization of $3.38 billion, a P/E ratio of 12.73 and a beta of 1.18. BankUnited, Inc. has a 52-week low of $35.10 and a 52-week high of $52.11.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.97 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.03). BankUnited had a return on equity of 9.13% and a net margin of 14.76%.The company had revenue of $284.57 million during the quarter, compared to analysts’ expectations of $290.33 million. During the same period last year, the company earned $0.91 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Research analysts expect that BankUnited, Inc. will post 4.09 EPS for the current fiscal year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 10th were paid a dividend of $0.33 per share. The ex-dividend date was Friday, July 10th. This represents a $1.32 annualized dividend and a yield of 2.8%. BankUnited’s dividend payout ratio (DPR) is 36.16%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on BKU shares. Royal Bank Of Canada decreased their target price on BankUnited from $53.00 to $50.00 and set a “sector perform” rating for the company in a research report on Thursday, July 23rd. Keefe, Bruyette & Woods cut their price target on BankUnited from $51.00 to $49.00 and set a “market perform” rating on the stock in a report on Monday, August 3rd. Barclays reduced their price objective on BankUnited from $50.00 to $48.00 and set an “equal weight” rating for the company in a research note on Monday, August 3rd. Weiss Ratings raised BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, May 29th. Finally, Wall Street Zen upgraded BankUnited from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, BankUnited presently has an average rating of “Hold” and an average target price of $51.73.

Insider Buying and Selling at BankUnited

In other BankUnited news, Director John N. Digiacomo sold 1,000 shares of BankUnited stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.97, for a total transaction of $45,970.00. Following the transaction, the director directly owned 15,027 shares of the company’s stock, valued at $690,791.19. The trade was a 6.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jay D. Richards sold 4,000 shares of the company’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 sale, the insider owned 40,502 shares of the company’s stock, valued at approximately $1,971,232.34. The trade was a 8.99% decrease in their position. The SEC filing for this sale provides additional information. 1.00% of the stock is currently owned by company insiders.

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.