Assetmark Inc. boosted its position in shares of BankUnited Inc. (NYSE:BKU) by 21.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,380 shares of the bank’s stock after purchasing an additional 11,884 shares during the quarter. Assetmark Inc. owned approximately 0.16% of BankUnited worth $12,426,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of BKU. LNV Partners LLC acquired a new position in shares of BankUnited during the 4th quarter worth approximately $111,000. Invictus RG acquired a new position in shares of BankUnited during the 3rd quarter worth approximately $142,000. Ward Asset Management LLC acquired a new position in shares of BankUnited during the 4th quarter worth approximately $190,000. Van Hulzen Asset Management LLC acquired a new position in shares of BankUnited during the 4th quarter worth approximately $205,000. Finally, Shelton Capital Management acquired a new position in shares of BankUnited during the 4th quarter worth approximately $212,000. 60.34% of the stock is currently owned by institutional investors and hedge funds.
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Shares of BankUnited Inc. (NYSE BKU) opened at $29.55 on Tuesday. The company has a debt-to-equity ratio of 1.03, a quick ratio of 0.86 and a current ratio of 0.86. BankUnited Inc. has a 12 month low of $22.04 and a 12 month high of $33.85. The firm has a market capitalization of $4,550.00, a P/E ratio of 13.45, a P/E/G ratio of 1.88 and a beta of 1.57.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 16th. Investors of record on Thursday, March 1st will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.56%. The ex-dividend date is Wednesday, February 28th. BankUnited’s dividend payout ratio (DPR) is presently 4.47%.
Several research firms have recently weighed in on BKU. ValuEngine downgraded shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Zacks Investment Research downgraded shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Wednesday, February 28th.
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BankUnited, Inc is a bank holding company. The Company is a national bank that conducts commercial banking business in the United States. Its segments include Commercial Banking, Wealth Management and Insurance. Its Commercial Banking segment includes the lending, deposit and cash management products and services offered through its commercial banking division, BankUnited Commercial Bank (BankUnited Commercial Bank), as well as other business lending divisions operating under the names of DNB Financial Corporation (DNB) and BankUnited Financial Advisors, LLC (BankUnited Financial Advisors).
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