BankUnited, Inc. (NYSE:BKU) Position Raised by Jane Street Group LLC

Jane Street Group LLC lifted its stake in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 194.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,062 shares of the financial services provider's stock after acquiring an additional 127,415 shares during the period. Jane Street Group LLC owned 0.26% of BankUnited worth $7,035,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BKU. Wellington Management Group LLP purchased a new stake in BankUnited during the third quarter valued at about $5,302,000. Jacobs Levy Equity Management Inc. grew its holdings 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 purchasing an additional 39,797 shares during the period. Centiva Capital LP increased its position in BankUnited by 23.3% during the 3rd quarter. Centiva Capital LP now owns 24,887 shares of the financial services provider's stock worth $907,000 after purchasing an additional 4,704 shares in the last quarter. Basswood Capital Management L.L.C. purchased a new position in BankUnited in the third quarter valued at approximately $17,745,000. Finally, Paloma Partners Management Co acquired a new position in BankUnited during the third quarter valued at approximately $274,000. 99.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Royal Bank of Canada reissued a "sector perform" rating and issued a $37.00 target price on shares of BankUnited in a research note on Wednesday, October 23rd. Compass Point boosted their price objective on BankUnited from $42.00 to $49.00 and gave the stock a "buy" rating in a research note on Tuesday, December 10th. Barclays increased their target price on BankUnited from $39.00 to $45.00 and gave the company an "equal weight" rating in a research note on Thursday, December 5th. Citigroup reduced their price target on BankUnited from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 11th. Finally, Wedbush upped their price target on BankUnited from $39.00 to $40.00 and gave the stock a "neutral" rating in a report on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, BankUnited has a consensus rating of "Hold" and an average target price of $41.45.

Insider Buying and Selling at BankUnited

In other BankUnited news, insider Jay D. Richards sold 2,500 shares of the stock in a transaction 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 directly owns 34,687 shares of the company's stock, valued at approximately $1,428,410.66. This represents a 6.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Thomas M. Cornish sold 10,778 shares of BankUnited stock in a transaction dated 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 transaction, the chief operating officer now directly owns 100,000 shares of the company's stock, valued at $3,911,000. This trade represents a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by insiders.

BankUnited Stock Down 0.3 %

Shares of BankUnited stock traded down $0.12 on Friday, hitting $40.55. 510,434 shares of the company's stock traded hands, compared to its average volume of 803,515. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The firm's 50-day moving average is $38.80 and its 200 day moving average is $35.49. The stock has a market cap of $3.03 billion, a P/E ratio of 16.62 and a beta of 1.36. BankUnited, Inc. has a 52-week low of $24.34 and a 52-week high of $44.45.

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

BankUnited Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.86%. The ex-dividend date was Friday, October 11th. BankUnited's dividend payout ratio is currently 47.54%.

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.