Caxton Associates LP Acquires 40,557 Shares of BankUnited, Inc. (NYSE:BKU)

Caxton Associates LP boosted its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 202.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 60,570 shares of the financial services provider’s stock after purchasing an additional 40,557 shares during the quarter. Caxton Associates LP’s holdings in BankUnited were worth $1,696,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Empowered Funds LLC raised its stake in BankUnited by 38.9% during the 1st quarter. Empowered Funds LLC now owns 226,937 shares of the financial services provider’s stock valued at $6,354,000 after purchasing an additional 63,520 shares during the period. Quest Partners LLC bought a new stake in BankUnited in the 4th quarter worth approximately $1,329,000. Rafferty Asset Management LLC increased its stake in BankUnited by 41.8% in the 4th quarter. Rafferty Asset Management LLC now owns 179,146 shares of the financial services provider’s stock worth $5,810,000 after acquiring an additional 52,788 shares during the last quarter. Vanguard Group Inc. increased its stake in BankUnited by 3.7% in the 4th quarter. Vanguard Group Inc. now owns 9,202,637 shares of the financial services provider’s stock worth $298,442,000 after acquiring an additional 332,567 shares during the last quarter. Finally, Seven Eight Capital LP bought a new stake in BankUnited in the 4th quarter worth approximately $1,331,000. Institutional investors own 99.70% of the company’s stock.

Insider Transactions at BankUnited

In other news, insider Jay D. Richards sold 10,143 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $36.61, for a total transaction of $371,335.23. Following the transaction, the insider now owns 37,187 shares of the company’s stock, valued at approximately $1,361,416.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Jay D. Richards sold 10,143 shares of the stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $36.61, for a total transaction of $371,335.23. Following the transaction, the insider now owns 37,187 shares of the company’s stock, valued at approximately $1,361,416.07. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John N. Digiacomo sold 1,500 shares of the stock in a transaction on Tuesday, May 21st. The stock was sold at an average price of $29.28, for a total value of $43,920.00. Following the transaction, the director now directly owns 13,482 shares in the company, valued at approximately $394,752.96. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,143 shares of company stock valued at $543,005. 1.19% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wedbush lifted their price objective on BankUnited from $30.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, July 19th. Hovde Group lifted their price objective on BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Royal Bank of Canada boosted their target price on BankUnited from $29.00 to $31.00 and gave the company a “sector perform” rating in a research report on Tuesday, July 9th. Barclays boosted their target price on BankUnited from $30.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, July 22nd. Finally, Wells Fargo & Company boosted their target price on BankUnited from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, July 22nd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $34.40.

BankUnited Trading Up 0.6 %

BKU traded up $0.24 during trading hours on Tuesday, reaching $38.36. 214,373 shares of the company’s stock traded hands, compared to its average volume of 838,836. The firm has a 50-day moving average price of $30.35 and a 200 day moving average price of $28.53. BankUnited, Inc. has a 52-week low of $20.84 and a 52-week high of $39.22. The company has a quick ratio of 0.88, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The firm has a market capitalization of $2.87 billion, a PE ratio of 16.43 and a beta of 1.35.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Thursday, July 18th. The financial services provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.07. BankUnited had a return on equity of 7.76% and a net margin of 8.41%. The company had revenue of $250.20 million during the quarter, compared to analysts’ expectations of $243.65 million. During the same quarter in the previous year, the business earned $0.78 EPS. BankUnited’s revenue was up 4.5% compared to the same quarter last year. As a group, sell-side analysts predict that BankUnited, Inc. will post 2.83 EPS for the current fiscal year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 12th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.02%. The ex-dividend date is Friday, July 12th. BankUnited’s dividend payout ratio is 50.00%.

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.