Ieq Capital LLC Purchases Shares of 33,811 BankUnited, Inc. (NYSE:BKU)

Ieq Capital LLC acquired a new position in shares of BankUnited, Inc. (NYSE:BKU) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 33,811 shares of the financial services provider’s stock, valued at approximately $1,291,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Alpha DNA Investment Management LLC acquired a new position in shares of BankUnited during the 3rd quarter worth approximately $443,000. SG Americas Securities LLC grew its stake in shares of 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 buying an additional 22,981 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in BankUnited by 211.5% during the third quarter. BNP Paribas Financial Markets now owns 59,594 shares of the financial services provider’s stock worth $2,172,000 after buying an additional 40,461 shares during the last quarter. MML Investors Services LLC bought a new stake in BankUnited during the third quarter worth $347,000. Finally, LMR Partners LLP acquired a new stake in BankUnited in the third quarter valued at $557,000. Institutional investors own 99.70% of the company’s stock.

Analysts Set New Price Targets

BKU has been the topic of a number of research analyst reports. Compass Point upped their target price on shares of BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Keefe, Bruyette & Woods upped their price objective on BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a research note on Wednesday, December 4th. Barclays reduced their target price on BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Royal Bank of Canada increased their price target on BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. Finally, Wells Fargo & Company lifted their price objective on shares of BankUnited from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $43.40.

BankUnited Price Performance

NYSE:BKU opened at $37.36 on Tuesday. 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 firm has a market cap of $2.79 billion, a price-to-earnings ratio of 12.13 and a beta of 1.37. BankUnited, Inc. has a 52 week low of $24.34 and a 52 week high of $44.45. The firm’s 50-day simple moving average is $39.41 and its 200 day simple moving average is $38.35.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates 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. As a group, sell-side analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.10%. BankUnited’s payout ratio is 37.66%.

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.