Aperio Group LLC Acquires 2,060 Shares of BankUnited (BKU)

Aperio Group LLC boosted its holdings in shares of BankUnited (NYSE:BKU) by 4.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,843 shares of the financial services provider’s stock after acquiring an additional 2,060 shares during the period. Aperio Group LLC’s holdings in BankUnited were worth $1,623,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of BKU. US Bancorp DE increased its stake in BankUnited by 43.0% during the 2nd quarter. US Bancorp DE now owns 11,333 shares of the financial services provider’s stock valued at $462,000 after purchasing an additional 3,408 shares in the last quarter. Bank of New York Mellon Corp increased its stake in BankUnited by 3.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 563,497 shares of the financial services provider’s stock valued at $23,019,000 after purchasing an additional 19,029 shares in the last quarter. NorthCoast Asset Management LLC increased its stake in BankUnited by 4.4% during the 2nd quarter. NorthCoast Asset Management LLC now owns 35,620 shares of the financial services provider’s stock valued at $1,455,000 after purchasing an additional 1,493 shares in the last quarter. OppenheimerFunds Inc. increased its stake in BankUnited by 2.7% during the 2nd quarter. OppenheimerFunds Inc. now owns 777,471 shares of the financial services provider’s stock valued at $31,760,000 after purchasing an additional 20,344 shares in the last quarter. Finally, GAM Holding AG bought a new stake in BankUnited during the 2nd quarter valued at about $610,000. 92.82% of the stock is owned by institutional investors.

Shares of BKU stock opened at $34.50 on Friday. BankUnited has a 52 week low of $29.86 and a 52 week high of $44.97. The company has a market capitalization of $3.52 billion, a PE ratio of 13.02, a P/E/G ratio of 1.19 and a beta of 0.97. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.97 and a quick ratio of 0.98.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.05. BankUnited had a net margin of 46.00% and a return on equity of 11.89%. The firm had revenue of $290.70 million during the quarter, compared to analyst estimates of $292.57 million. During the same period in the previous year, the business posted $0.62 earnings per share. Equities research analysts anticipate that BankUnited will post 3.25 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Tuesday, October 16th were paid a $0.21 dividend. The ex-dividend date was Monday, October 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.43%. BankUnited’s dividend payout ratio is presently 31.70%.

A number of analysts have weighed in on the stock. BMO Capital Markets reduced their price objective on shares of BankUnited from $47.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday, October 25th. ValuEngine lowered shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. FIG Partners upgraded shares of BankUnited from a “market perform” rating to an “outperform” rating and set a $36.00 price objective for the company in a research note on Thursday, October 25th. Stephens set a $40.00 price objective on shares of BankUnited and gave the company a “buy” rating in a research note on Friday, October 26th. Finally, Sandler O’Neill set a $47.00 price target on shares of BankUnited and gave the stock a “buy” rating in a research note on Wednesday, July 25th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. BankUnited presently has a consensus rating of “Hold” and an average target price of $43.09.

In related news, COO Thomas M. Cornish sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $40.02, for a total value of $400,200.00. Following the transaction, the chief operating officer now owns 90,249 shares of the company’s stock, valued at $3,611,764.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Mark Bagnoli sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $31.82, for a total transaction of $31,820.00. Following the completion of the transaction, the insider now directly owns 24,118 shares in the company, valued at approximately $767,434.76. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

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BankUnited Company Profile

BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts, as well as certificates of deposit; and treasury management services.

Further Reading: Diversification Important in Investing

Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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