4,532 Shares in BankUnited, Inc. (NYSE:BKU) Bought by GAMMA Investing LLC

GAMMA Investing LLC bought a new position in BankUnited, Inc. (NYSE:BKU) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 4,532 shares of the financial services provider’s stock, valued at approximately $147,000.

A number of other large investors also recently added to or reduced their stakes in BKU. FMR LLC grew its holdings in BankUnited by 23.2% in the 3rd quarter. FMR LLC now owns 1,539,176 shares of the financial services provider’s stock worth $34,939,000 after acquiring an additional 290,232 shares during the last quarter. Jennison Associates LLC grew its holdings in BankUnited by 54.3% in the 4th quarter. Jennison Associates LLC now owns 1,459,268 shares of the financial services provider’s stock worth $47,324,000 after acquiring an additional 513,342 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in BankUnited by 8.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,236,425 shares of the financial services provider’s stock worth $28,067,000 after acquiring an additional 99,486 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in BankUnited by 482.6% in the 3rd quarter. Assenagon Asset Management S.A. now owns 285,754 shares of the financial services provider’s stock worth $6,487,000 after acquiring an additional 236,706 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its holdings in BankUnited by 84.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 262,741 shares of the financial services provider’s stock worth $5,964,000 after acquiring an additional 120,441 shares during the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

BankUnited Stock Performance

NYSE:BKU opened at $27.26 on Friday. BankUnited, Inc. has a one year low of $15.83 and a one year high of $34.22. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.88 and a quick ratio of 0.92. The company’s 50-day simple moving average is $26.85 and its 200 day simple moving average is $27.20. The firm has a market capitalization of $2.04 billion, a P/E ratio of 11.75 and a beta of 1.36.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.64 EPS for the quarter, topping the consensus estimate of $0.62 by $0.02. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. The business had revenue of $508.35 million for the quarter, compared to analyst estimates of $239.84 million. During the same quarter in the previous year, the firm posted $0.70 earnings per share. As a group, analysts forecast that BankUnited, Inc. will post 2.73 EPS for the current fiscal year.

BankUnited Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 12th will be paid a dividend of $0.29 per share. The ex-dividend date is Thursday, April 11th. This represents a $1.16 annualized dividend and a yield of 4.26%. This is a positive change from BankUnited’s previous quarterly dividend of $0.27. BankUnited’s payout ratio is presently 50.00%.

Analyst Ratings Changes

A number of brokerages have issued reports on BKU. Wedbush cut their price target on shares of BankUnited from $34.00 to $31.00 and set a “neutral” rating on the stock in a report on Monday, January 29th. StockNews.com lowered shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Friday, February 16th. Wells Fargo & Company lifted their target price on shares of BankUnited from $26.00 to $28.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. Royal Bank of Canada cut their target price on shares of BankUnited from $33.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 9th. Finally, JPMorgan Chase & Co. cut their target price on shares of BankUnited from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, April 4th. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $30.50.

Insiders Place Their Bets

In other BankUnited news, insider Kevin A. Malcolm sold 2,285 shares of BankUnited stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $27.18, for a total value of $62,106.30. Following the completion of the transaction, the insider now directly owns 11,750 shares of the company’s stock, valued at $319,365. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.19% of the company’s stock.

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.