Neo Ivy Capital Management Has $1.98 Million Position in BankUnited, Inc. (NYSE:BKU)

Neo Ivy Capital Management reduced its holdings in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 42.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,264 shares of the financial services provider's stock after selling 40,848 shares during the period. Neo Ivy Capital Management owned about 0.07% of BankUnited worth $1,978,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BKU. CWM LLC grew its holdings in BankUnited by 307.6% during the 2nd quarter. CWM LLC now owns 1,928 shares of the financial services provider's stock worth $56,000 after acquiring an additional 1,455 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in BankUnited during the 2nd quarter worth $74,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in BankUnited during the 2nd quarter worth $169,000. GAMMA Investing LLC boosted its stake in BankUnited by 17.4% during the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider's stock worth $169,000 after purchasing an additional 686 shares during the period. Finally, Picton Mahoney Asset Management acquired a new stake in BankUnited during the 2nd quarter worth $175,000. 99.70% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at BankUnited

In other news, insider Jay D. Richards sold 2,500 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total value of $102,950.00. Following the transaction, the insider now owns 34,687 shares in the company, valued at $1,428,410.66. This represents a 6.72 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Thomas M. Cornish sold 10,778 shares of the company's stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.11, for a total value 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. This represents 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on BKU shares. Wedbush upped their price objective on shares of BankUnited from $39.00 to $40.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 24th. Citigroup cut their target price 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. Compass Point lifted their target price on shares of BankUnited from $42.00 to $49.00 and gave the stock a "buy" rating in a research report on Tuesday. Royal Bank of Canada restated a "sector perform" rating and set a $37.00 target price on shares of BankUnited in a research report on Wednesday, October 23rd. Finally, Wells Fargo & Company upgraded shares of BankUnited from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $38.00 to $48.00 in a research report on Wednesday, November 13th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $41.45.

BankUnited Stock Up 1.0 %

BKU traded up $0.42 during trading on Wednesday, hitting $41.60. The company had a trading volume of 126,703 shares, compared to its average volume of 804,385. The company has a market cap of $3.11 billion, a PE ratio of 16.88 and a beta of 1.36. The business has a 50-day moving average of $38.46 and a 200-day moving average of $35.22. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88. BankUnited, Inc. has a 1-year low of $24.34 and a 1-year high of $44.45.

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. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. The firm had revenue of $515.24 million for the quarter, compared to analysts' expectations of $258.65 million. During the same period in the prior year, the company posted $0.63 earnings per share. As a group, analysts forecast that BankUnited, Inc. will post 2.89 earnings per share for the current year.

BankUnited Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders 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 dividend yield of 2.79%. BankUnited's dividend payout ratio is currently 47.54%.

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.