12,156 Shares in BankUnited, Inc. (NYSE:BKU) Bought by Alpha DNA Investment Management LLC

Alpha DNA Investment Management LLC acquired a new position in shares of BankUnited, Inc. (NYSE:BKU) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,156 shares of the financial services provider’s stock, valued at approximately $443,000.

A number of other large investors have also recently made changes to their positions in the business. Algert Global LLC lifted its stake in BankUnited by 23.7% during the 3rd quarter. Algert Global LLC now owns 308,212 shares of the financial services provider’s stock valued at $11,231,000 after acquiring an additional 59,029 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of BankUnited in the third quarter valued at about $434,000. Intech Investment Management LLC lifted its position in shares of BankUnited by 70.0% during the third quarter. Intech Investment Management LLC now owns 29,879 shares of the financial services provider’s stock valued at $1,089,000 after purchasing an additional 12,301 shares in the last quarter. Pathstone Holdings LLC boosted its holdings in BankUnited by 18.2% during the third quarter. Pathstone Holdings LLC now owns 58,619 shares of the financial services provider’s stock worth $2,136,000 after purchasing an additional 9,010 shares during the last quarter. Finally, LMR Partners LLP purchased a new position in BankUnited during the third quarter worth about $557,000. 99.70% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Jay D. Richards sold 2,500 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total transaction of $102,950.00. Following the transaction, the insider now owns 34,687 shares of the company’s stock, valued at approximately $1,428,410.66. This trade represents a 6.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Thomas M. Cornish sold 10,778 shares of the business’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 100,000 shares of the company’s stock, valued at $3,911,000. This represents a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is owned by company insiders.

BankUnited Trading Up 2.2 %

Shares of BKU stock opened at $42.72 on Monday. BankUnited, Inc. has a 52-week low of $24.34 and a 52-week high of $42.83. The business’s fifty day moving average is $37.12 and its 200 day moving average is $34.15. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.88 and a current ratio of 0.88. The company has a market capitalization of $3.19 billion, a PE ratio of 17.51 and a beta of 1.33.

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

BankUnited Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 11th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date was Friday, October 11th. BankUnited’s dividend payout ratio is currently 47.54%.

Wall Street Analyst Weigh In

Several research firms have commented on BKU. Royal Bank of Canada reissued a “sector perform” rating and set a $37.00 target price on shares of BankUnited in a research report on Wednesday, October 23rd. Citigroup decreased their price target on BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Wedbush boosted their price objective on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Barclays raised their target price on BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Finally, Wells Fargo & Company raised shares of BankUnited from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $38.00 to $48.00 in a report on Wednesday, November 13th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, BankUnited presently has an average rating of “Hold” and an average target price of $37.40.

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.