Quadrature Capital Ltd Decreases Stock Holdings in BankUnited, Inc. (NYSE:BKU)

Quadrature Capital Ltd lowered its stake in shares of BankUnited, Inc. (NYSE:BKU) by 55.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,841 shares of the financial services provider’s stock after selling 14,863 shares during the quarter. Quadrature Capital Ltd’s holdings in BankUnited were worth $431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WINTON GROUP Ltd boosted its holdings in shares of BankUnited by 0.9% in the 2nd quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider’s stock valued at $1,012,000 after buying an additional 303 shares in the last quarter. Arizona State Retirement System lifted its position in BankUnited by 1.9% during the second quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock valued at $609,000 after acquiring an additional 379 shares during the last quarter. Natixis Advisors LLC boosted its stake in BankUnited by 1.0% in the second quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock valued at $1,405,000 after acquiring an additional 497 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in BankUnited by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the financial services provider’s stock worth $1,101,000 after purchasing an additional 800 shares during the last quarter. 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 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 transaction, the chief operating officer now owns 100,000 shares in the company, valued at approximately $3,911,000. This represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jay D. Richards sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total value of $102,950.00. Following the completion of the sale, the insider now owns 34,687 shares of the company’s stock, 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. Corporate insiders own 1.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Barclays increased their price objective on BankUnited from $39.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. 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. Wells Fargo & Company upgraded shares of BankUnited from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $38.00 to $48.00 in a research note on Wednesday, November 13th. Royal Bank of Canada restated a “sector perform” rating and set a $37.00 price target on shares of BankUnited in a research note on Wednesday, October 23rd. Finally, Keefe, Bruyette & Woods lifted 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. 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. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $40.70.

BankUnited Stock Down 0.5 %

NYSE:BKU opened at $41.48 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88. The company’s fifty day moving average price is $38.34 and its 200-day moving average price is $35.13. BankUnited, Inc. has a 1-year low of $24.34 and a 1-year high of $44.45. The firm has a market capitalization of $3.10 billion, a P/E ratio of 17.00 and a beta of 1.36.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $515.24 million during the quarter, compared to analyst estimates of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same quarter last year, the business posted $0.63 EPS. As a group, equities research analysts anticipate that BankUnited, Inc. will post 2.89 EPS for the current year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were given a $0.29 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.16 annualized dividend and a yield of 2.80%. BankUnited’s dividend payout ratio is presently 47.54%.

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.