2,960 Shares in BankUnited, Inc. (NYSE:BKU) Bought by R Squared Ltd

R Squared Ltd acquired a new stake in BankUnited, Inc. (NYSE:BKU) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,960 shares of the financial services provider’s stock, valued at approximately $113,000.

A number of other large investors have also modified their holdings of the company. Geode Capital Management LLC increased its stake in shares of BankUnited by 1.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,719,596 shares of the financial services provider’s stock valued at $62,674,000 after purchasing an additional 20,218 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of BankUnited by 37.3% in the third quarter. Assenagon Asset Management S.A. now owns 868,806 shares of the financial services provider’s stock valued at $31,659,000 after buying an additional 236,174 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its stake in shares of BankUnited by 6.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 663,084 shares of the financial services provider’s stock worth $24,163,000 after buying an additional 39,797 shares during the period. Basswood Capital Management L.L.C. purchased a new position in shares of BankUnited during the 3rd quarter valued at approximately $17,745,000. Finally, Algert Global LLC increased its holdings in BankUnited by 23.7% in the 3rd quarter. Algert Global LLC now owns 308,212 shares of the financial services provider’s stock worth $11,231,000 after acquiring an additional 59,029 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BKU. Compass Point lifted their target price on shares of BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group lifted their price objective on BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods raised their target price on BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their price target on BankUnited from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Finally, Barclays decreased their price objective on BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. 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 company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $43.40.

BankUnited Trading Up 2.2 %

Shares of BKU stock opened at $41.69 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. BankUnited, Inc. has a twelve month low of $24.34 and a twelve month high of $44.45. The company’s 50-day moving average price is $39.92 and its 200-day moving average price is $37.86. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 13.54 and a beta of 1.38.

BankUnited (NYSE:BKU) last posted its 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 last year, the business posted $0.26 EPS. As a group, equities analysts predict that BankUnited, Inc. will post 3 earnings per share for the current year.

BankUnited Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.16 annualized dividend and a yield of 2.78%. BankUnited’s payout ratio is 37.66%.

Insiders Place Their Bets

In other news, insider Jay D. Richards sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total value of $102,950.00. Following the transaction, the insider now directly owns 34,687 shares in the company, valued at approximately $1,428,410.66. This represents a 6.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Thomas M. Cornish sold 10,778 shares of BankUnited stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.11, for a total transaction of $421,527.58. Following the completion of the sale, the chief operating officer now owns 100,000 shares of the company’s stock, valued at $3,911,000. This trade represents a 9.73 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.

BankUnited Company 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.