AlphaQuest LLC Purchases 59,215 Shares of BankUnited, Inc. (NYSE:BKU)

AlphaQuest LLC boosted its stake in BankUnited, Inc. (NYSE:BKU - Free Report) by 261.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,853 shares of the financial services provider's stock after purchasing an additional 59,215 shares during the period. BankUnited comprises about 0.4% of AlphaQuest LLC's holdings, making the stock its 11th largest holding. AlphaQuest LLC owned about 0.11% of BankUnited worth $3,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Amundi boosted its holdings in shares of BankUnited by 186.9% during the 4th quarter. Amundi now owns 37,752 shares of the financial services provider's stock valued at $1,456,000 after acquiring an additional 24,592 shares in the last quarter. Vestmark Advisory Solutions Inc. acquired a new stake in shares of BankUnited during the fourth quarter valued at about $321,000. Inceptionr LLC grew its holdings in shares of BankUnited by 58.9% during the fourth quarter. Inceptionr LLC now owns 13,474 shares of the financial services provider's stock worth $514,000 after purchasing an additional 4,997 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of BankUnited during the fourth quarter worth about $766,000. Finally, Atria Investments Inc increased its stake in shares of BankUnited by 7.2% in the fourth quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider's stock valued at $314,000 after buying an additional 555 shares during the period. Institutional investors and hedge funds own 99.70% of the company's stock.

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Wall Street Analysts Forecast Growth

BKU has been the topic of several recent research reports. The Goldman Sachs Group lifted their target price on BankUnited from $36.00 to $42.00 and gave the stock a "sell" rating in a report on Tuesday, November 26th. Compass Point boosted their price target on shares of BankUnited from $42.00 to $49.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. Wells Fargo & Company increased their price objective on shares of BankUnited from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Thursday, January 23rd. StockNews.com upgraded shares of BankUnited from a "hold" rating to a "buy" rating in a report on Monday. Finally, Keefe, Bruyette & Woods increased their price target on BankUnited from $38.00 to $45.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $43.18.

BankUnited Stock Down 1.1 %

Shares of NYSE:BKU traded down $0.36 during trading on Thursday, reaching $32.99. 853,364 shares of the stock were exchanged, compared to its average volume of 793,166. The stock has a fifty day moving average of $38.61 and a two-hundred day moving average of $38.24. BankUnited, Inc. has a 1-year low of $24.34 and a 1-year high of $44.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 10.71 and a beta of 1.40.

BankUnited (NYSE:BKU - Get Free Report) last issued its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the company earned $0.26 earnings per share. Research analysts anticipate that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a $0.29 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.52%. BankUnited's dividend payout ratio is presently 37.66%.

Insider Activity at BankUnited

In related news, insider Kevin A. Malcolm sold 3,234 shares of the firm's stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total transaction of $113,772.12. Following the transaction, the insider now directly owns 12,250 shares of the company's stock, valued at $430,955. This trade represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.19% of the stock is owned by insiders.

BankUnited 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.