EMC Capital Management Grows Position in BankUnited, Inc. (NYSE:BKU)

EMC Capital Management grew its position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 162.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,915 shares of the financial services provider's stock after purchasing an additional 6,139 shares during the period. EMC Capital Management's holdings in BankUnited were worth $378,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its holdings in shares of BankUnited by 19.6% during the 2nd quarter. AQR Capital Management LLC now owns 169,471 shares of the financial services provider's stock valued at $4,960,000 after purchasing an additional 27,721 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in BankUnited by 7.2% during the second quarter. The Manufacturers Life Insurance Company now owns 41,438 shares of the financial services provider's stock valued at $1,213,000 after buying an additional 2,778 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BankUnited during the second quarter valued at about $169,000. SG Americas Securities LLC purchased a new position in shares of BankUnited in the third quarter worth about $181,000. Finally, GAMMA Investing LLC increased its holdings in shares of BankUnited by 17.4% in the third quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider's stock worth $169,000 after buying an additional 686 shares during the period. Institutional investors own 99.70% of the company's stock.

Insider Buying and Selling at BankUnited

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of the firm's stock in a transaction that occurred on 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 owns 100,000 shares of the company's stock, valued at approximately $3,911,000. This trade represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay D. Richards sold 2,500 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total value of $102,950.00. Following the completion of the sale, the insider now directly owns 34,687 shares in the company, valued at approximately $1,428,410.66. This represents a 6.72 % 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.

BankUnited Trading Down 3.1 %

Shares of BKU traded down $1.27 during trading hours on Monday, reaching $39.84. 236,579 shares of the company traded hands, compared to its average volume of 815,934. BankUnited, Inc. has a 12 month low of $24.34 and a 12 month high of $44.45. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. The company's fifty day moving average price is $39.89 and its two-hundred day moving average price is $37.96. The company has a market capitalization of $2.98 billion, a price-to-earnings ratio of 12.97 and a beta of 1.37.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter in the previous year, the business posted $0.26 EPS. Equities research analysts predict that BankUnited, Inc. will post 3.01 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a yield of 2.91%. BankUnited's dividend payout ratio (DPR) is 37.66%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on BKU shares. Wells Fargo & Company increased their target price on BankUnited from $48.00 to $50.00 and gave the company an "overweight" rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their target price on shares of BankUnited from $36.00 to $42.00 and gave the stock a "sell" rating in a report on Tuesday, November 26th. Barclays lowered their price target on shares of BankUnited from $45.00 to $44.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. Royal Bank of Canada raised their price target on shares of BankUnited from $42.00 to $43.00 and gave the stock a "sector perform" rating in a report on Thursday, January 23rd. Finally, Compass Point upped their price objective on shares of BankUnited from $42.00 to $49.00 and gave the company a "buy" rating in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, BankUnited has a consensus rating of "Hold" and an average target price of $43.40.

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.