New Age Alpha Advisors LLC Invests $412,000 in BankUnited, Inc. (NYSE:BKU)

New Age Alpha Advisors 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 10,800 shares of the financial services provider's stock, valued at approximately $412,000.

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of BankUnited by 12.9% in the fourth quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider's stock valued at $107,696,000 after purchasing an additional 322,368 shares during the period. Vanguard Group Inc. boosted its holdings in BankUnited by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider's stock valued at $366,392,000 after purchasing an additional 181,493 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of BankUnited in the 3rd quarter valued at approximately $5,302,000. Jane Street Group LLC increased its holdings in shares of BankUnited by 194.1% during the 3rd quarter. Jane Street Group LLC now owns 193,062 shares of the financial services provider's stock worth $7,035,000 after buying an additional 127,415 shares during the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in shares of BankUnited during the 4th quarter valued at approximately $3,668,000. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BKU has been the subject of several recent analyst reports. Hovde Group cut 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 objective for the company in a research report on Tuesday, March 11th. Wells Fargo & Company upped their target price on shares of BankUnited from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Thursday, January 23rd. Royal Bank of Canada lifted their price target on shares of BankUnited from $42.00 to $43.00 and gave the company a "sector perform" rating in a research report on Thursday, January 23rd. Finally, Compass Point upped their price objective on shares of BankUnited from $42.00 to $49.00 and gave the stock a "buy" rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, BankUnited presently has a consensus rating of "Hold" and an average price target of $43.45.

Insider Activity at BankUnited

In other BankUnited news, insider Kevin A. Malcolm sold 3,234 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total value of $113,772.12. Following the sale, the insider now directly owns 12,250 shares in the company, valued at $430,955. This trade represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Sanjiv Sobti purchased 1,000 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were acquired 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 in the company, valued at $715,103.06. The trade was a 4.81 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.19% of the stock is owned by corporate insiders.

BankUnited Stock Down 3.8 %

BKU stock traded down $1.17 during midday trading on Friday, hitting $29.69. The company's stock had a trading volume of 1,622,468 shares, compared to its average volume of 769,510. The firm has a 50-day simple moving average of $36.95 and a 200-day simple moving average of $37.91. The firm has a market capitalization of $2.22 billion, a P/E ratio of 9.64 and a beta of 1.20. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. BankUnited, Inc. has a 52-week low of $24.34 and a 52-week high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 period last year, the firm earned $0.26 earnings per share. As a group, equities analysts forecast that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 11th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 4.18%. This is a positive change from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, April 11th. BankUnited's dividend payout ratio is presently 40.26%.

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.