First Trust Advisors LP boosted its holdings in BankUnited, Inc. (NYSE:BKU) by 73.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 229,165 shares of the financial services provider’s stock after acquiring an additional 96,913 shares during the quarter. First Trust Advisors LP owned 0.21% of BankUnited worth $8,151,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BKU. Principal Financial Group Inc. increased its position in shares of BankUnited by 1.6% during the 1st quarter. Principal Financial Group Inc. now owns 16,346 shares of the financial services provider’s stock valued at $610,000 after purchasing an additional 258 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of BankUnited by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,115,833 shares of the financial services provider’s stock valued at $41,632,000 after purchasing an additional 43,169 shares during the last quarter. BlackRock Inc. increased its position in shares of BankUnited by 14,458.5% during the 1st quarter. BlackRock Inc. now owns 4,958,929 shares of the financial services provider’s stock valued at $185,017,000 after purchasing an additional 4,924,867 shares during the last quarter. Advisors Capital Management LLC increased its position in shares of BankUnited by 0.9% during the 2nd quarter. Advisors Capital Management LLC now owns 74,241 shares of the financial services provider’s stock valued at $2,503,000 after purchasing an additional 685 shares during the last quarter. Finally, Aperio Group LLC increased its position in shares of BankUnited by 231.3% during the 2nd quarter. Aperio Group LLC now owns 19,677 shares of the financial services provider’s stock valued at $663,000 after purchasing an additional 13,737 shares during the last quarter. Institutional investors and hedge funds own 96.11% of the company’s stock.

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BankUnited, Inc. (NYSE BKU) opened at $32.98 on Monday. BankUnited, Inc. has a 52-week low of $30.37 and a 52-week high of $41.00. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $3,522.94, a P/E ratio of 13.86, a P/E/G ratio of 1.56 and a beta of 1.08.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. BankUnited had a return on equity of 10.23% and a net margin of 19.82%. The company had revenue of $294.59 million during the quarter, compared to analyst estimates of $273.51 million. During the same quarter last year, the company earned $0.47 EPS. equities analysts forecast that BankUnited, Inc. will post 2.39 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend was Friday, October 13th. BankUnited’s payout ratio is 35.29%.

Several equities analysts recently issued reports on the company. Zacks Investment Research lowered BankUnited from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. ValuEngine upgraded BankUnited from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. J P Morgan Chase & Co lowered BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 price target on the stock. in a research report on Wednesday, November 1st. Keefe, Bruyette & Woods restated a “buy” rating and set a $41.00 price target on shares of BankUnited in a research report on Thursday, September 28th. Finally, BidaskClub lowered BankUnited from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.27.

In other BankUnited news, Chairman John Adam Kanas sold 78,190 shares of BankUnited stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $33.18, for a total value of $2,594,344.20. Following the completion of the sale, the chairman now owns 565,076 shares of the company’s stock, valued at approximately $18,749,221.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.90% of the stock is currently owned by company insiders.

About BankUnited

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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