Quadrature Capital Ltd Reduces Stock Position in BankUnited, Inc. (NYSE:BKU)

Quadrature Capital Ltd cut its holdings in BankUnited, Inc. (NYSE:BKU - Free Report) by 55.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,841 shares of the financial services provider's stock after selling 14,863 shares during the period. Quadrature Capital Ltd's holdings in BankUnited were worth $431,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of BKU. CWM LLC boosted its position in shares of BankUnited by 307.6% during the second quarter. CWM LLC now owns 1,928 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 1,455 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in BankUnited during the second quarter valued at $74,000. Point72 Asia Singapore Pte. Ltd. bought 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% during the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider's stock worth $169,000 after acquiring an additional 686 shares during the last quarter. Finally, Picton Mahoney Asset Management bought a new stake in BankUnited during the second quarter valued at about $175,000. Institutional investors own 99.70% of the company's stock.

BankUnited Stock Performance

Shares of BKU traded up $0.21 during trading hours on Tuesday, reaching $41.68. 166,016 shares of the company traded hands, compared to its average volume of 805,673. The business has a fifty day moving average price of $38.34 and a 200-day moving average price of $35.13. 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 $3.12 billion, a P/E ratio of 16.96 and a beta of 1.36. BankUnited, Inc. has a 12-month low of $24.34 and a 12-month high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm had revenue of $515.24 million during the quarter, compared to analyst estimates of $258.65 million. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. During the same period in the previous year, the firm earned $0.63 EPS. Equities analysts anticipate that BankUnited, Inc. will post 2.89 EPS for the current fiscal year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 11th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.78%. The ex-dividend date of this dividend was Friday, October 11th. BankUnited's payout ratio is 47.54%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BKU. Wells Fargo & Company raised shares of BankUnited from an "equal weight" rating to an "overweight" rating and upped their target price for the stock from $38.00 to $48.00 in a report on Wednesday, November 13th. Citigroup lowered their price objective on BankUnited from $42.00 to $39.00 and set a "neutral" rating for the company in a research note on Wednesday, September 11th. Compass Point increased their price objective on shares of BankUnited from $42.00 to $49.00 and gave the stock a "buy" rating in a research report on Tuesday. Barclays lifted their price objective on shares of BankUnited from $39.00 to $45.00 and gave the company an "equal weight" rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group increased their price target on BankUnited from $36.00 to $42.00 and gave the stock a "sell" rating in a research report on Tuesday, November 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $41.45.

Insider Activity at BankUnited

In other news, insider Jay D. Richards sold 2,500 shares of the firm's 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 completion of the transaction, the insider now owns 34,687 shares of the company's stock, valued at approximately $1,428,410.66. This trade represents a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Thomas M. Cornish sold 10,778 shares of the company's stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.11, for a total value of $421,527.58. Following the sale, the chief operating officer now directly 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.

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.