34,607 Shares in BankUnited, Inc. (NYSE:BKU) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new position in BankUnited, Inc. (NYSE:BKU - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor bought 34,607 shares of the financial services provider's stock, valued at approximately $1,261,000.

Several other institutional investors also recently modified their holdings of BKU. Dimensional Fund Advisors LP increased its position in BankUnited by 7.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,583,059 shares of the financial services provider's stock valued at $134,144,000 after buying an additional 315,872 shares in the last quarter. Millennium Management LLC grew its stake in shares of BankUnited by 49.2% in the second 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. Assenagon Asset Management S.A. increased its holdings in shares of BankUnited by 37.3% during 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 acquiring an additional 236,174 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in shares of BankUnited by 6.4% during the third quarter. Jacobs Levy Equity Management Inc. now owns 663,084 shares of the financial services provider's stock valued at $24,163,000 after acquiring an additional 39,797 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of BankUnited by 3,901.0% in the 2nd 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. 99.70% of the stock is currently owned by institutional investors.

BankUnited Stock Performance

BKU stock traded down $0.57 during trading on Thursday, reaching $40.67. The stock had a trading volume of 460,233 shares, compared to its average volume of 804,736. The stock's 50 day moving average is $38.59 and its two-hundred day moving average is $35.26. The firm has a market cap of $3.04 billion, a PE ratio of 16.90 and a beta of 1.36. BankUnited, Inc. has a 52 week low of $24.34 and a 52 week high of $44.45. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.07. The company had revenue of $515.24 million for the quarter, compared to the consensus estimate of $258.65 million. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. During the same quarter last year, the firm posted $0.63 earnings per share. As a group, equities analysts anticipate that BankUnited, Inc. will post 2.89 earnings per share for the current year.

BankUnited Announces Dividend

The firm also recently disclosed 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 2.85%. The ex-dividend date of this dividend was Friday, October 11th. BankUnited's payout ratio is 47.54%.

Analyst Ratings Changes

BKU has been the topic of several recent analyst reports. Compass Point increased their price objective on shares of BankUnited from $42.00 to $49.00 and gave the company a "buy" rating in a research report on Tuesday. The Goldman Sachs Group increased their price target on shares of BankUnited from $36.00 to $42.00 and gave the company a "sell" rating in a report on Tuesday, November 26th. Wedbush boosted their price objective on shares of BankUnited from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Tuesday, September 24th. Royal Bank of Canada reiterated a "sector perform" rating and set a $37.00 target price on shares of BankUnited in a research note on Wednesday, October 23rd. Finally, Wells Fargo & Company upgraded BankUnited from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $38.00 to $48.00 in a research note on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $41.45.

Insider Activity

In other BankUnited news, insider Jay D. Richards sold 2,500 shares of the firm'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 transaction of $102,950.00. Following the sale, the insider now owns 34,687 shares in the company, valued at approximately $1,428,410.66. This trade represents a 6.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Thomas M. Cornish sold 10,778 shares of the company'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 transaction of $421,527.58. Following the completion of the transaction, the chief operating officer now owns 100,000 shares of the company's stock, valued at approximately $3,911,000. The trade was a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.19% of the company's stock.

About BankUnited

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.