BankUnited, Inc. (NYSE:BKU) Position Increased by EMC Capital Management

EMC Capital Management raised its stake in BankUnited, Inc. (NYSE:BKU) by 162.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,915 shares of the financial services provider’s stock after buying an additional 6,139 shares during the period. EMC Capital Management’s holdings in BankUnited were worth $378,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Basswood Capital Management L.L.C. acquired a new stake in shares of BankUnited during the third quarter worth $17,745,000. Assenagon Asset Management S.A. raised its holdings in BankUnited by 37.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 868,806 shares of the financial services provider’s stock worth $31,659,000 after buying an additional 236,174 shares during the period. Wellington Management Group LLP purchased a new stake in BankUnited during the third quarter valued at about $5,302,000. Jane Street Group LLC boosted its holdings in shares of BankUnited by 194.1% in the third 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 period. Finally, FMR LLC boosted its holdings in shares of BankUnited by 40.0% in the third quarter. FMR LLC now owns 275,556 shares of the financial services provider’s stock worth $10,041,000 after buying an additional 78,753 shares during the period. Institutional investors and hedge funds own 99.70% of the company’s stock.

Insider Buying and Selling at BankUnited

In related news, insider Jay D. Richards sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total transaction of $102,950.00. Following the completion of the sale, the insider now directly owns 34,687 shares of the company’s stock, valued at approximately $1,428,410.66. This represents a 6.72 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Thomas M. Cornish sold 10,778 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.11, for a total transaction of $421,527.58. Following the completion of the transaction, the chief operating officer now owns 100,000 shares in the company, valued at $3,911,000. The trade was a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.

BankUnited Trading Up 1.5 %

Shares of NYSE BKU opened at $41.43 on Thursday. The business has a 50 day simple moving average of $39.93 and a 200 day simple moving average of $37.83. BankUnited, Inc. has a 52 week low of $24.34 and a 52 week high of $44.45. The stock has a market cap of $3.10 billion, a price-to-earnings ratio of 13.45 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping 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 period in the prior year, the business earned $0.26 earnings per share. On average, research analysts predict that BankUnited, Inc. will post 3 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.80%. The ex-dividend date is Friday, January 10th. BankUnited’s payout ratio is 37.66%.

Wall Street Analysts Forecast Growth

BKU has been the subject of several research analyst reports. Barclays reduced their price target on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Wells Fargo & Company increased their target price on BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Compass Point lifted their price target 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 increased their price objective on BankUnited from $42.00 to $43.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group lifted their target price on BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, BankUnited presently has an average rating of “Hold” and a consensus price target of $43.40.

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.