BankUnited, Inc. (NYSE:BKU) Shares Sold by Semanteon Capital Management LP

Semanteon Capital Management LP reduced its holdings in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 43.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,448 shares of the financial services provider's stock after selling 16,620 shares during the period. Semanteon Capital Management LP's holdings in BankUnited were worth $782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. increased its position in BankUnited by 8.2% during the 2nd quarter. Assenagon Asset Management S.A. now owns 632,632 shares of the financial services provider's stock valued at $18,517,000 after buying an additional 48,059 shares in the last quarter. Empowered Funds LLC increased its position in BankUnited by 38.9% during the 1st quarter. Empowered Funds LLC now owns 226,937 shares of the financial services provider's stock valued at $6,354,000 after buying an additional 63,520 shares in the last quarter. Vanguard Group Inc. increased its position in BankUnited by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 9,202,637 shares of the financial services provider's stock valued at $298,442,000 after buying an additional 332,567 shares in the last quarter. Entropy Technologies LP acquired a new position in BankUnited during the 1st quarter valued at about $1,463,000. Finally, Quadrature Capital Ltd grew its stake in BankUnited by 145.8% during the 1st quarter. Quadrature Capital Ltd now owns 48,984 shares of the financial services provider's stock valued at $1,370,000 after purchasing an additional 29,058 shares during the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director William S. Rubenstein sold 7,864 shares of the company's stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $38.57, for a total value of $303,314.48. Following the completion of the transaction, the director now owns 10,282 shares of the company's stock, valued at approximately $396,576.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.19% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have weighed in on BKU shares. Wedbush boosted their price target on BankUnited from $39.00 to $40.00 and gave the company a "neutral" rating in a research note on Tuesday, September 24th. Wells Fargo & Company boosted their price target on BankUnited from $35.00 to $38.00 and gave the company an "equal weight" rating in a research note on Tuesday, October 1st. Royal Bank of Canada reiterated a "sector perform" rating and set a $37.00 price target on shares of BankUnited in a research note on Wednesday, October 23rd. JPMorgan Chase & Co. boosted their price target on BankUnited from $34.50 to $41.00 and gave the company a "neutral" rating in a research note on Tuesday, July 23rd. Finally, Hovde Group boosted their price target on BankUnited from $33.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, July 19th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $36.40.

BankUnited Stock Performance

Shares of BKU traded up $1.25 during mid-day trading on Monday, reaching $35.84. The company had a trading volume of 935,331 shares, compared to its average volume of 815,782. BankUnited, Inc. has a 52-week low of $21.29 and a 52-week high of $39.51. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $2.68 billion, a P/E ratio of 15.45 and a beta of 1.33. The stock has a 50 day moving average of $36.39 and a two-hundred day moving average of $32.56.

BankUnited (NYSE:BKU - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.07. The firm had revenue of $515.24 million for the quarter, compared to the consensus estimate of $258.65 million. BankUnited had a return on equity of 7.76% and a net margin of 8.41%. During the same quarter in the prior year, the business earned $0.63 earnings per share. On average, analysts expect that BankUnited, Inc. will post 2.86 earnings per share for the current year.

BankUnited Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 11th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.16 dividend on an annualized basis and a yield of 3.24%. BankUnited's payout ratio is 50.00%.

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.