Y Intercept Hong Kong Ltd cut its stake in BankUnited, Inc. (NYSE:BKU - Free Report) by 81.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,569 shares of the financial services provider's stock after selling 28,038 shares during the period. Y Intercept Hong Kong Ltd's holdings in BankUnited were worth $251,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alpha DNA Investment Management LLC purchased a new position in BankUnited in the third quarter valued at $443,000. Principal Financial Group Inc. boosted its holdings in BankUnited by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider's stock valued at $13,836,000 after purchasing an additional 10,064 shares during the period. SG Americas Securities LLC boosted its holdings in BankUnited by 462.0% in the fourth quarter. SG Americas Securities LLC now owns 27,955 shares of the financial services provider's stock valued at $1,067,000 after purchasing an additional 22,981 shares during the period. BNP Paribas Financial Markets boosted its holdings in BankUnited by 211.5% in the third quarter. BNP Paribas Financial Markets now owns 59,594 shares of the financial services provider's stock valued at $2,172,000 after purchasing an additional 40,461 shares during the period. Finally, MML Investors Services LLC purchased a new position in BankUnited in the third quarter valued at $347,000. 99.70% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research firms recently issued reports on BKU. Compass Point lifted their target price on BankUnited from $42.00 to $49.00 and gave the company a "buy" rating in a report on Tuesday, December 10th. Royal Bank of Canada lifted their price target on BankUnited from $42.00 to $43.00 and gave the stock a "sector perform" rating in a report on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on BankUnited from $36.00 to $42.00 and gave the stock a "sell" rating in a report on Tuesday, November 26th. Keefe, Bruyette & Woods lifted their price target on BankUnited from $38.00 to $45.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Finally, Barclays decreased their price target on BankUnited from $45.00 to $44.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $43.40.
Read Our Latest Report on BKU
Insider Activity at BankUnited
In related news, 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 value of $113,772.12. Following the transaction, the insider now owns 12,250 shares in the company, valued at $430,955. The trade was a 20.89 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.19% of the stock is currently owned by insiders.
BankUnited Stock Performance
Shares of BankUnited stock traded down $0.87 on Friday, hitting $32.98. The stock had a trading volume of 1,317,182 shares, compared to its average volume of 756,409. BankUnited, Inc. has a 52-week low of $24.34 and a 52-week high of $44.45. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 10.71 and a beta of 1.40. The company's 50 day moving average price is $39.07 and its 200 day moving average price is $38.35.
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 return on equity of 8.48% and a net margin of 11.48%. During the same period in the prior year, the company posted $0.26 earnings per share. On average, research analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current year.
BankUnited Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 10th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Friday, January 10th. BankUnited's dividend payout ratio (DPR) is presently 37.66%.
About BankUnited
(
Free Report)
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.
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