R Squared Ltd Invests $113,000 in BankUnited, Inc. (NYSE:BKU)

R Squared Ltd bought a new position in BankUnited, Inc. (NYSE:BKU) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 2,960 shares of the financial services provider’s stock, valued at approximately $113,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Blue Trust Inc. increased its holdings in shares of BankUnited by 182.3% in the fourth quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 547 shares during the last quarter. KBC Group NV increased its stake in BankUnited by 87.8% in the 4th quarter. KBC Group NV now owns 4,028 shares of the financial services provider’s stock worth $154,000 after buying an additional 1,883 shares during the period. CWM LLC raised its stake in shares of BankUnited by 118.3% during the third quarter. CWM LLC now owns 4,208 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 2,280 shares in the last quarter. GAMMA Investing LLC grew its stake in BankUnited by 17.4% in the third quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 686 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in BankUnited during the 3rd quarter worth $181,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Insider Transactions at BankUnited

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

BankUnited Stock Up 2.2 %

BankUnited stock opened at $41.69 on Friday. The business has a fifty day moving average price of $39.92 and a 200-day moving average price of $37.86. BankUnited, Inc. has a 1-year low of $24.34 and a 1-year high of $44.45. The stock has a market capitalization of $3.12 billion, a price-to-earnings ratio of 13.54 and a beta of 1.38. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same period in the prior year, the firm earned $0.26 earnings per share. Equities research analysts forecast that BankUnited, Inc. will post 3 EPS for the current fiscal year.

BankUnited Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 10th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.78%. BankUnited’s dividend payout ratio is currently 37.66%.

Analyst Ratings Changes

Several equities research analysts have weighed in on BKU shares. Royal Bank of Canada upped their target price on BankUnited from $42.00 to $43.00 and gave the stock a “sector perform” rating in a report on Thursday, January 23rd. Compass Point increased their target price on shares of BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Barclays lowered 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 price objective on shares of BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a research note on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods boosted their price objective 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 assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $43.40.

BankUnited Company 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.