Inceptionr LLC Purchases 4,997 Shares of BankUnited, Inc. (NYSE:BKU)

Inceptionr LLC increased its position in BankUnited, Inc. (NYSE:BKU) by 58.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,474 shares of the financial services provider’s stock after buying an additional 4,997 shares during the period. Inceptionr LLC’s holdings in BankUnited were worth $514,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of BKU. Wolverine Asset Management LLC boosted its holdings in BankUnited by 25.8% in the 3rd quarter. Wolverine Asset Management LLC now owns 11,061 shares of the financial services provider’s stock worth $403,000 after buying an additional 2,267 shares during the period. Versor Investments LP bought a new position in BankUnited in the 3rd quarter worth $302,000. GSA Capital Partners LLP bought a new position in BankUnited in the 3rd quarter worth $257,000. Aigen Investment Management LP bought a new position in BankUnited in the 3rd quarter worth $257,000. Finally, Quest Partners LLC bought a new position in BankUnited in the 3rd quarter worth $825,000. Institutional investors own 99.70% of the company’s stock.

BankUnited Stock Down 2.6 %

Shares of NYSE BKU opened at $32.98 on Friday. The firm’s 50-day moving average price is $38.96 and its 200-day moving average price is $38.34. 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 capitalization of $2.47 billion, a price-to-earnings ratio of 10.71 and a beta of 1.40. BankUnited, Inc. has a 12-month low of $24.34 and a 12-month high of $44.45.

BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) 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 in the previous 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 Dividend Announcement

The firm 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. This represents a $1.16 annualized dividend and a dividend yield of 3.52%. The ex-dividend date was Friday, January 10th. BankUnited’s dividend payout ratio is 37.66%.

Insider Activity

In related news, insider Kevin A. Malcolm sold 3,234 shares of the stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total value of $113,772.12. Following the sale, the insider now directly owns 12,250 shares of the company’s stock, valued at $430,955. This represents a 20.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.19% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently weighed in on BKU. Royal Bank of Canada upped their target price on shares of BankUnited from $42.00 to $43.00 and gave the stock a “sector perform” rating in a report on Thursday, January 23rd. Barclays decreased their price target on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. The Goldman Sachs Group boosted their price target on shares of BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a research note on Tuesday, November 26th. Compass Point boosted their price target 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. Finally, Keefe, Bruyette & Woods boosted their price target on shares of BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. 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 company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $43.40.

About BankUnited

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.