Jacobs Levy Equity Management Inc. Purchases 39,797 Shares of BankUnited, Inc. (NYSE:BKU)

Jacobs Levy Equity Management Inc. raised its holdings in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 663,084 shares of the financial services provider's stock after acquiring an additional 39,797 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 0.89% of BankUnited worth $24,163,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BKU. CWM LLC raised its stake in 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 acquiring an additional 1,455 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of BankUnited in the 2nd quarter worth $74,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BankUnited in the 2nd quarter worth $169,000. GAMMA Investing LLC raised its stake in shares of BankUnited by 17.4% in the 3rd 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 in the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in shares of BankUnited in the 2nd quarter worth $175,000. Institutional investors own 99.70% of the company's stock.

BankUnited Stock Up 0.0 %

BKU stock traded up $0.02 during mid-day trading on Wednesday, hitting $41.15. The stock had a trading volume of 106,830 shares, compared to its average volume of 810,419. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. BankUnited, Inc. has a 1-year low of $24.34 and a 1-year high of $44.45. The company has a fifty day moving average of $37.88 and a 200 day moving average of $34.77. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 16.85 and a beta of 1.36.

BankUnited (NYSE:BKU - Get Free Report) last issued its earnings results 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. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. The company had revenue of $515.24 million for the quarter, compared to analyst estimates of $258.65 million. During the same period in the prior year, the firm posted $0.63 EPS. On average, equities analysts expect that BankUnited, Inc. will post 2.89 EPS for the current fiscal year.

BankUnited Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 11th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, October 11th. This represents a $1.16 annualized dividend and a dividend yield of 2.82%. BankUnited's dividend payout ratio (DPR) is presently 47.54%.

Insider Transactions at BankUnited

In related news, COO Thomas M. Cornish sold 10,778 shares of the stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.11, for a total transaction of $421,527.58. Following the completion of the sale, the chief operating officer now owns 100,000 shares in the company, valued at $3,911,000. This represents a 9.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jay D. Richards sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total value of $102,950.00. Following the sale, the insider now owns 34,687 shares of the company's stock, valued at approximately $1,428,410.66. The trade was a 6.72 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Royal Bank of Canada reissued a "sector perform" rating and issued a $37.00 price objective on shares of BankUnited in a research note on Wednesday, October 23rd. Keefe, Bruyette & Woods boosted their price objective on BankUnited from $38.00 to $45.00 and gave the stock a "market perform" rating in a research note on Wednesday. Wedbush boosted their price objective on BankUnited from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Tuesday, September 24th. Citigroup decreased their target price on BankUnited from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Wednesday, September 11th. Finally, Barclays lifted their target price on 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 issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $40.10.

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.