Sei Investments Co. Sells 57,326 Shares of BankUnited, Inc. (NYSE:BKU)

Sei Investments Co. lowered its position in BankUnited, Inc. (NYSE:BKU) by 14.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 344,129 shares of the financial services provider’s stock after selling 57,326 shares during the period. Sei Investments Co. owned about 0.46% of BankUnited worth $10,073,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Assenagon Asset Management S.A. boosted its stake in shares of BankUnited by 8.2% in the second quarter. Assenagon Asset Management S.A. now owns 632,632 shares of the financial services provider’s stock worth $18,517,000 after acquiring an additional 48,059 shares during the period. Empowered Funds LLC grew its holdings in BankUnited by 38.9% during the 1st quarter. Empowered Funds LLC now owns 226,937 shares of the financial services provider’s stock valued at $6,354,000 after buying an additional 63,520 shares in the last quarter. Rafferty Asset Management LLC raised its position in shares of BankUnited by 41.8% during the fourth quarter. Rafferty Asset Management LLC now owns 179,146 shares of the financial services provider’s stock valued at $5,810,000 after buying an additional 52,788 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of BankUnited by 3.7% in the fourth quarter. Vanguard Group Inc. now owns 9,202,637 shares of the financial services provider’s stock worth $298,442,000 after buying an additional 332,567 shares in the last quarter. Finally, Seven Eight Capital LP bought a new position in shares of BankUnited during the fourth quarter worth $1,331,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Insider Activity at BankUnited

In other BankUnited news, insider Jay D. Richards sold 10,143 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $36.61, for a total value of $371,335.23. Following the sale, the insider now owns 37,187 shares in the company, valued at $1,361,416.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Jay D. Richards sold 10,143 shares of the company’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $36.61, for a total value of $371,335.23. Following the transaction, the insider now directly owns 37,187 shares in the company, valued at $1,361,416.07. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William S. Rubenstein sold 7,864 shares of BankUnited stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total transaction of $303,314.48. Following the sale, the director now owns 10,282 shares of the company’s stock, valued at approximately $396,576.74. The disclosure for this sale can be found here. Insiders sold a total of 21,507 shares of company stock worth $802,400 in the last quarter. 1.19% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Barclays lifted their price target on shares of BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday. Hovde Group increased their price target on BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Citigroup cut their price target on BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, September 11th. Wells Fargo & Company upped their price objective on BankUnited from $32.00 to $35.00 and gave the stock an “equal weight” rating in a report on Monday, July 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of BankUnited from $34.50 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, BankUnited has a consensus rating of “Hold” and an average price target of $35.50.

BankUnited Trading Down 0.4 %

BKU stock opened at $35.56 on Friday. BankUnited, Inc. has a twelve month low of $20.84 and a twelve month high of $39.51. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 15.33 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The firm’s fifty day simple moving average is $36.62 and its two-hundred day simple moving average is $31.23.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.65 by $0.07. The company had revenue of $250.20 million for the quarter, compared to the consensus estimate of $243.65 million. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.78 EPS. As a group, analysts anticipate that BankUnited, Inc. will post 2.88 earnings per share for the current year.

BankUnited Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 11th will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date of this dividend is Friday, October 11th. BankUnited’s dividend payout ratio is currently 50.00%.

About BankUnited

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.