Hunter Perkins Capital Management LLC increased its position in BankUnited, Inc. (NYSE:BKU – Get Rating) by 14.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 237,993 shares of the financial services provider's stock after acquiring an additional 30,690 shares during the period. BankUnited makes up about 1.9% of Hunter Perkins Capital Management LLC's portfolio, making the stock its 19th biggest holding. Hunter Perkins Capital Management LLC's holdings in BankUnited were worth $8,465,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in BKU. Leeward Investments LLC MA purchased a new position in BankUnited in the 1st quarter worth $31,987,000. Hsbc Holdings PLC raised its stake in shares of BankUnited by 175.2% during the 1st quarter. Hsbc Holdings PLC now owns 540,367 shares of the financial services provider's stock valued at $23,814,000 after buying an additional 343,997 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of BankUnited by 86.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 733,437 shares of the financial services provider's stock valued at $32,242,000 after buying an additional 340,604 shares during the last quarter. State Street Corp raised its stake in shares of BankUnited by 6.2% during the 4th quarter. State Street Corp now owns 5,432,012 shares of the financial services provider's stock valued at $229,828,000 after buying an additional 316,720 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of BankUnited by 11.2% during the 1st quarter. American Century Companies Inc. now owns 2,951,372 shares of the financial services provider's stock valued at $129,742,000 after buying an additional 297,652 shares during the last quarter. Hedge funds and other institutional investors own 93.77% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on BKU. Wedbush lifted their price objective on BankUnited to $40.00 in a research note on Friday, July 22nd. StockNews.com upgraded BankUnited from a "sell" rating to a "hold" rating in a research note on Friday, July 29th. Wells Fargo & Company lifted their price target on BankUnited to $45.00 in a research note on Friday, July 22nd. Piper Sandler lifted their price target on BankUnited to $40.00 in a research note on Friday, July 22nd. Finally, Keefe, Bruyette & Woods lowered BankUnited from an "outperform" rating to a "market perform" rating and set a $51.00 price target for the company. in a research note on Thursday, June 2nd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $45.00.

BankUnited Price Performance

BankUnited (NYSE:BKU – Get Rating) last posted its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.08). The firm had revenue of $238.87 million during the quarter, compared to analyst estimates of $245.42 million. BankUnited had a return on equity of 12.00% and a net margin of 32.13%. During the same quarter in the previous year, the firm posted $1.11 earnings per share. As a group, research analysts predict that BankUnited, Inc. will post 3.7 EPS for the current fiscal year.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.95%. The ex-dividend date of this dividend is Thursday, October 13th. BankUnited's dividend payout ratio is currently 25.25%.

About BankUnited

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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.

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