Dynamic Technology Lab Private Ltd Acquires Shares of 21,336 BankUnited, Inc. (NYSE:BKU)

Dynamic Technology Lab Private Ltd bought a new position in BankUnited, Inc. (NYSE:BKU - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 21,336 shares of the financial services provider's stock, valued at approximately $777,000.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in BankUnited by 3.1% during the first quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider's stock valued at $265,542,000 after acquiring an additional 280,993 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in shares of BankUnited by 3.9% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 76,760 shares of the financial services provider's stock valued at $2,147,000 after purchasing an additional 2,899 shares in the last quarter. CWM LLC grew its position in shares of BankUnited by 307.6% during the 2nd quarter. CWM LLC now owns 1,928 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 1,455 shares in the last quarter. Linden Thomas Advisory Services LLC increased its holdings in shares of BankUnited by 1.6% in the second quarter. Linden Thomas Advisory Services LLC now owns 58,053 shares of the financial services provider's stock worth $1,699,000 after purchasing an additional 938 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of BankUnited by 8.2% in the second quarter. Assenagon Asset Management S.A. now owns 632,632 shares of the financial services provider's stock worth $18,517,000 after buying an additional 48,059 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company's stock.

Wall Street Analysts Forecast Growth

BKU has been the subject of several recent analyst reports. The Goldman Sachs Group boosted their target price on BankUnited from $36.00 to $42.00 and gave the stock a "sell" rating in a research report on Tuesday. Wedbush boosted their price objective on 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 restated a "sector perform" rating and issued a $37.00 price objective on shares of BankUnited in a research report on Wednesday, October 23rd. Wells Fargo & Company upgraded shares of BankUnited from an "equal weight" rating to an "overweight" rating and lifted their target price for the company from $38.00 to $48.00 in a research report on Wednesday, November 13th. Finally, Barclays increased their price target on shares of BankUnited from $35.00 to $39.00 and gave the stock an "equal weight" rating in a report on Friday, September 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $38.70.

Insiders Place Their Bets

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 completion of the sale, the insider now owns 34,687 shares of the company's stock, valued at $1,428,410.66. This represents a 6.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Thomas M. Cornish sold 10,778 shares of the business's 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 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 Trading Down 0.7 %

Shares of BankUnited stock traded down $0.32 during trading on Thursday, reaching $42.36. The company's stock had a trading volume of 487,692 shares, compared to its average volume of 817,782. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. BankUnited, Inc. has a 52-week low of $24.34 and a 52-week high of $44.45. The firm's 50-day moving average is $37.48 and its two-hundred day moving average is $34.40. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 17.36 and a beta of 1.33.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The business 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 in the prior year, the business posted $0.63 earnings per share. On average, sell-side analysts anticipate that BankUnited, Inc. will post 2.89 earnings per share for the current year.

BankUnited Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.16 annualized dividend and a yield of 2.74%. BankUnited's payout ratio is 47.54%.

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.