BankUnited, Inc. (NYSE:BKU) Shares Acquired by Fisher Asset Management LLC

Fisher Asset Management LLC grew its position in BankUnited, Inc. (NYSE:BKU) by 22.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 403,000 shares of the financial services provider’s stock after acquiring an additional 74,000 shares during the period. Fisher Asset Management LLC owned about 0.54% of BankUnited worth $15,383,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Versor Investments LP raised its position in shares of BankUnited by 38.6% during the 4th quarter. Versor Investments LP now owns 11,500 shares of the financial services provider’s stock worth $439,000 after purchasing an additional 3,200 shares during the last quarter. Proficio Capital Partners LLC acquired a new position in shares of BankUnited during the 4th quarter worth about $766,000. Oppenheimer Asset Management Inc. acquired a new position in shares of BankUnited during the 4th quarter worth about $262,000. Hussman Strategic Advisors Inc. raised its position in shares of BankUnited by 133.3% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 73,500 shares of the financial services provider’s stock worth $2,805,000 after purchasing an additional 42,000 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in shares of BankUnited by 6.7% during the 4th quarter. Handelsbanken Fonder AB now owns 14,332 shares of the financial services provider’s stock worth $547,000 after purchasing an additional 900 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Stock Performance

BankUnited stock opened at $37.23 on Tuesday. The firm has a 50 day simple moving average of $39.34 and a 200-day simple moving average of $38.42. BankUnited, Inc. has a 1-year low of $24.34 and a 1-year high of $44.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. The stock has a market cap of $2.78 billion, a price-to-earnings ratio of 12.09 and a beta of 1.37.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same period in the previous year, the business posted $0.26 earnings per share. On average, analysts expect that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were paid a $0.29 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.16 annualized dividend and a dividend yield of 3.12%. BankUnited’s dividend payout ratio (DPR) is 37.66%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on BKU shares. Keefe, Bruyette & Woods upped their price target on shares of BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Barclays reduced their price target on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. The Goldman Sachs Group increased their price objective on shares of BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, November 26th. Royal Bank of Canada increased their price objective on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company increased their price objective on shares of BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $43.40.

BankUnited Profile

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.