21,336 Shares in BankUnited, Inc. (NYSE:BKU) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in BankUnited, Inc. (NYSE:BKU) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 21,336 shares of the financial services provider’s stock, valued at approximately $777,000.

Several other large investors have also recently bought and sold shares of BKU. Alpha DNA Investment Management LLC acquired a new position in BankUnited during the 3rd quarter worth about $443,000. Algert Global LLC lifted its stake in shares of BankUnited by 23.7% in the third quarter. Algert Global LLC now owns 308,212 shares of the financial services provider’s stock worth $11,231,000 after acquiring an additional 59,029 shares during the period. Cerity Partners LLC acquired a new stake in BankUnited during the 3rd quarter valued at approximately $434,000. Intech Investment Management LLC increased its position in BankUnited by 70.0% during the 3rd quarter. Intech Investment Management LLC now owns 29,879 shares of the financial services provider’s stock valued at $1,089,000 after purchasing an additional 12,301 shares during the period. Finally, Pathstone Holdings LLC raised its holdings in BankUnited by 18.2% during the 3rd quarter. Pathstone Holdings LLC now owns 58,619 shares of the financial services provider’s stock worth $2,136,000 after purchasing an additional 9,010 shares during the last quarter. 99.70% of the stock is currently owned by institutional investors.

Insider Activity at BankUnited

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.00 price objective on shares of BankUnited in a research note on Wednesday, October 23rd. Citigroup dropped their price target on BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Wedbush upped their price objective on shares of BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Wells Fargo & Company upgraded BankUnited from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $38.00 to $48.00 in a research note on Wednesday, November 13th. Finally, Barclays upped their price target on BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, BankUnited currently has a consensus rating of “Hold” and an average target price of $38.70.

BankUnited Stock Performance

Shares of BKU opened at $42.36 on Thursday. The firm has a market capitalization of $3.17 billion, a P/E ratio of 17.36 and a beta of 1.33. BankUnited, Inc. has a 52 week low of $24.34 and a 52 week high of $44.45. The stock has a 50 day moving average price of $37.37 and a two-hundred day moving average price of $34.34. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.88 and a current ratio of 0.88.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. The business had revenue of $515.24 million during the quarter, compared to the consensus estimate of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same quarter in the prior year, the company posted $0.63 earnings per share. Equities analysts forecast that BankUnited, Inc. will post 2.89 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 11th were issued a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.16 annualized dividend and a dividend yield of 2.74%. BankUnited’s dividend payout ratio is currently 47.54%.

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.