Wealthfront Advisers LLC Makes New Investment in BankUnited, Inc. (NYSE:BKU)

Wealthfront Advisers LLC purchased a new stake in shares of BankUnited, Inc. (NYSE:BKU - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 96,097 shares of the financial services provider's stock, valued at approximately $3,668,000. Wealthfront Advisers LLC owned 0.13% of BankUnited at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of BKU. Wolverine Asset Management LLC lifted its position in shares of BankUnited by 25.8% during the 3rd quarter. Wolverine Asset Management LLC now owns 11,061 shares of the financial services provider's stock valued at $403,000 after acquiring an additional 2,267 shares during the period. Versor Investments LP purchased a new position in shares of BankUnited during the 3rd quarter worth approximately $302,000. GSA Capital Partners LLP purchased a new position in shares of BankUnited during the 3rd quarter worth approximately $257,000. Aigen Investment Management LP purchased a new position in shares of BankUnited during the 3rd quarter worth approximately $257,000. Finally, Quest Partners LLC purchased a new position in shares of BankUnited during the 3rd quarter worth approximately $825,000. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have commented on BKU shares. 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 note on Tuesday, December 10th. StockNews.com raised shares of BankUnited from a "hold" rating to a "buy" rating in a research note on Monday. Piper Sandler raised shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 target price for the company in a research note on Tuesday. Royal Bank of Canada lifted their target price on shares of BankUnited from $42.00 to $43.00 and gave the stock a "sector perform" rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lifted their target price on shares of BankUnited from $48.00 to $50.00 and gave the stock an "overweight" rating in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $43.18.

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Insiders Place Their Bets

In related news, Director Sanjiv Sobti bought 2,000 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $32.07 per share, with a total value of $64,140.00. Following the transaction, the director now owns 20,782 shares of the company's stock, valued at approximately $666,478.74. This trade represents a 10.65 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kevin A. Malcolm sold 3,234 shares of the business's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total transaction of $113,772.12. Following the completion of the sale, the insider now directly owns 12,250 shares of the company's stock, valued at $430,955. The trade was a 20.89 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by company insiders.

BankUnited Stock Up 4.5 %

Shares of NYSE:BKU traded up $1.49 during midday trading on Friday, hitting $34.46. 989,462 shares of the company's stock traded hands, compared to its average volume of 711,848. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The company has a market cap of $2.58 billion, a PE ratio of 11.19 and a beta of 1.40. The firm's fifty day moving average price is $38.51 and its two-hundred day moving average price is $38.20. BankUnited, Inc. has a twelve month low of $24.34 and a twelve month high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same quarter last year, the business posted $0.26 EPS. On average, equities research analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.37%. BankUnited's dividend payout ratio is currently 37.66%.

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.