EntryPoint Capital LLC Acquires New Shares in BankUnited, Inc. (NYSE:BKU)

EntryPoint Capital LLC acquired a new position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,591 shares of the financial services provider's stock, valued at approximately $328,000.

Several other hedge funds have also modified their holdings of BKU. Blue Trust Inc. lifted its stake in BankUnited by 182.3% in the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock worth $31,000 after acquiring an additional 547 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of BankUnited by 270.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 1,407 shares in the last quarter. R Squared Ltd acquired a new stake in shares of BankUnited in the 4th quarter valued at $113,000. KBC Group NV lifted its position in shares of BankUnited by 87.8% during the 4th quarter. KBC Group NV now owns 4,028 shares of the financial services provider's stock worth $154,000 after purchasing an additional 1,883 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of BankUnited by 9.2% during the fourth quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider's stock worth $193,000 after purchasing an additional 426 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Stock Performance

Shares of NYSE:BKU traded down $0.43 on Tuesday, reaching $34.01. The company's stock had a trading volume of 925,372 shares, compared to its average volume of 763,457. BankUnited, Inc. has a 52-week low of $24.34 and a 52-week high of $44.45. The stock has a market capitalization of $2.54 billion, a P/E ratio of 11.04 and a beta of 1.40. The stock's 50-day moving average is $37.46 and its two-hundred day moving average is $38.01. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 EPS 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 prior year, the firm posted $0.26 earnings per share. As a group, sell-side analysts forecast that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, April 11th. This is an increase from BankUnited's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 3.65%. BankUnited's dividend payout ratio (DPR) is currently 40.26%.

Insider Activity at BankUnited

In other news, Director Sanjiv Sobti purchased 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $32.83 per share, with a total value of $32,830.00. Following the completion of the acquisition, the director now directly owns 21,782 shares of the company's stock, valued at approximately $715,103.06. This trade represents a 4.81 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Kevin A. Malcolm sold 3,234 shares of BankUnited stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total value of $113,772.12. Following the completion of the sale, the insider now directly owns 12,250 shares in the company, valued at $430,955. This represents a 20.89 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have weighed in on BKU shares. Royal Bank of Canada raised their price target on BankUnited from $42.00 to $43.00 and gave the company a "sector perform" rating in a research note on Thursday, January 23rd. Hovde Group decreased their target price on BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a research note on Tuesday, March 25th. Piper Sandler raised BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price target for the company in a report on Tuesday, March 11th. Barclays cut their price objective on shares of BankUnited from $45.00 to $44.00 and set an "equal weight" rating on the stock in a report on Friday, December 20th. Finally, StockNews.com cut shares of BankUnited from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $43.45.

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.