Alpha DNA Investment Management LLC Takes $443,000 Position in BankUnited, Inc. (NYSE:BKU)

Alpha DNA Investment Management LLC acquired a new position in BankUnited, Inc. (NYSE:BKU - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,156 shares of the financial services provider's stock, valued at approximately $443,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BKU. Millennium Management LLC increased its stake in BankUnited by 49.2% in the 2nd quarter. Millennium Management LLC now owns 2,247,271 shares of the financial services provider's stock worth $65,778,000 after acquiring an additional 740,896 shares during the last quarter. Bank of Montreal Can increased its position in BankUnited by 3,901.0% in the second quarter. Bank of Montreal Can now owns 574,068 shares of the financial services provider's stock worth $16,803,000 after purchasing an additional 559,720 shares during the last quarter. Point72 Asset Management L.P. raised its stake in BankUnited by 741.7% during the second quarter. Point72 Asset Management L.P. now owns 397,271 shares of the financial services provider's stock valued at $11,628,000 after purchasing an additional 350,071 shares in the last quarter. Federated Hermes Inc. raised its stake in BankUnited by 3,658.4% during the second quarter. Federated Hermes Inc. now owns 325,812 shares of the financial services provider's stock valued at $9,537,000 after purchasing an additional 317,143 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in BankUnited by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,583,059 shares of the financial services provider's stock valued at $134,144,000 after purchasing an additional 315,872 shares during the last quarter. 99.70% of the stock is currently owned by institutional investors.

Insider Activity at BankUnited

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

BankUnited Price Performance

Shares of NYSE:BKU traded up $0.48 during midday trading on Monday, hitting $43.20. The company's stock had a trading volume of 829,308 shares, compared to its average volume of 820,293. BankUnited, Inc. has a 12-month low of $24.34 and a 12-month high of $44.45. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market cap of $3.23 billion, a P/E ratio of 17.70 and a beta of 1.33. The business's 50 day simple moving average is $37.12 and its 200 day simple moving average is $34.15.

BankUnited (NYSE:BKU - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. The company had revenue of $515.24 million during the quarter, compared to analysts' expectations of $258.65 million. During the same quarter last year, the company posted $0.63 EPS. On average, analysts forecast that BankUnited, Inc. will post 2.89 EPS for the current year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 11th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date was Friday, October 11th. BankUnited's dividend payout ratio (DPR) is currently 47.54%.

Analyst Ratings Changes

BKU has been the subject of a number of analyst reports. Wells Fargo & Company raised shares of BankUnited from an "equal weight" rating to an "overweight" rating and increased their price target for the company from $38.00 to $48.00 in a report on Wednesday, November 13th. Barclays raised their price objective on BankUnited from $35.00 to $39.00 and gave the company an "equal weight" rating in a research note on Friday, September 27th. Wedbush boosted their target price on BankUnited from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Tuesday, September 24th. Citigroup lowered their price target on BankUnited from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Wednesday, September 11th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $37.00 price objective on shares of BankUnited in a research note on Wednesday, October 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, BankUnited has an average rating of "Hold" and an average price target of $37.40.

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.