15,272 Shares in BankUnited, Inc. (NYSE:BKU) Bought by LMR Partners LLP

LMR Partners LLP bought a new stake in BankUnited, Inc. (NYSE:BKU - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 15,272 shares of the financial services provider's stock, valued at approximately $557,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in BKU. CWM LLC grew its position in shares of BankUnited by 307.6% in the 2nd quarter. CWM LLC now owns 1,928 shares of the financial services provider's stock valued at $56,000 after buying an additional 1,455 shares during the last quarter. Meeder Asset Management Inc. bought a new position in BankUnited during the 2nd quarter worth approximately $74,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BankUnited in the 2nd quarter worth approximately $169,000. GAMMA Investing LLC boosted 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 valued at $169,000 after purchasing an additional 686 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new stake in shares of BankUnited during the second quarter worth $175,000. Institutional investors own 99.70% of the company's stock.

Wall Street Analyst Weigh In

BKU has been the topic of a number of research analyst reports. Barclays upped their price target on shares of BankUnited from $35.00 to $39.00 and gave the company an "equal weight" rating in a research report on Friday, September 27th. Wedbush upped their target price on BankUnited from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Tuesday, September 24th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $37.00 target price on shares of BankUnited in a report on Wednesday, October 23rd. Citigroup reduced their price objective on shares of BankUnited from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company upgraded shares of BankUnited from an "equal weight" rating to an "overweight" rating and boosted their target price for the company from $38.00 to $48.00 in a research report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $37.40.

BankUnited Stock Down 1.1 %

NYSE BKU traded down $0.47 on Wednesday, reaching $41.00. The company had a trading volume of 1,051,495 shares, compared to its average volume of 821,508. 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 stock has a market capitalization of $3.06 billion, a P/E ratio of 16.80 and a beta of 1.33. The company's fifty day moving average is $36.84 and its 200 day moving average is $33.91. BankUnited, Inc. has a 52-week low of $24.34 and a 52-week high of $41.72.

BankUnited (NYSE:BKU - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. The firm had revenue of $515.24 million for the quarter, compared to analysts' expectations of $258.65 million. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. During the same quarter last year, the firm earned $0.63 EPS. Sell-side analysts anticipate that BankUnited, Inc. will post 2.84 earnings per share for the current fiscal 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 paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend was Friday, October 11th. BankUnited's dividend payout ratio is currently 47.54%.

Insider Activity at BankUnited

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $39.11, for a total transaction of $421,527.58. Following the sale, the chief operating officer now owns 100,000 shares in the company, valued at $3,911,000. This trade represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jay D. Richards sold 2,500 shares of BankUnited stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total transaction of $102,950.00. Following the transaction, the insider now directly owns 34,687 shares in the company, valued at $1,428,410.66. This trade represents a 6.72 % 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 corporate insiders.

BankUnited 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.