Maryland State Retirement & Pension System reduced its position in BankUnited by 51.1% during the third quarter, selling 11,291 shares and retaining 10,813 shares valued at approximately $413,000 as of its latest SEC filing. This move marks a significant reallocation by one of the nation’s largest public pension funds. Several other institutional investors also made adjustments: Strs Ohio established a new position worth $28,000 in the first quarter, Salomon & Ludwin LLC added a $34,000 stake in the third quarter, Bayforest Capital increased its holding by 32.3% to 1,111 shares, EverSource Wealth Advisors lifted its position by 141.9% to 1,531 shares, and GAMMA Investing boosted its stake by 7.7% to 5,132 shares. Institutional investors now control 99.7% of BankUnited’s shares.

In its fourth-quarter report, BankUnited delivered earnings per share of $0.94, surpassing consensus forecasts of $0.85 by $0.09, while revenue rose to $288.2 million, exceeding expectations of $279.8 million. Return on equity reached 9.09% and net margin stood at 14.14%, reflecting strong profitability across commercial lending and treasury management services. Following the earnings release, the board declared a quarterly dividend of $0.31 per share, representing a 2.6% annualized yield and a 35.03% payout ratio, payable to shareholders of record on January 9. Analysts have since revised their forecasts, with several raising price targets and maintaining positive outlooks based on robust net interest income and fee growth.