Atria Investments Inc Sells 1,545 Shares of BankUnited, Inc. (NYSE:BKU)

Atria Investments Inc decreased its holdings in BankUnited, Inc. (NYSE:BKU) by 16.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,675 shares of the financial services provider’s stock after selling 1,545 shares during the quarter. Atria Investments Inc’s holdings in BankUnited were worth $280,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. WINTON GROUP Ltd raised its stake in shares of BankUnited by 0.9% in the second quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider’s stock worth $1,012,000 after purchasing an additional 303 shares during the last quarter. Arizona State Retirement System boosted its holdings in BankUnited by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock worth $609,000 after acquiring an additional 379 shares during the last quarter. Natixis Advisors LLC boosted its holdings in BankUnited by 1.0% during the 2nd quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock worth $1,405,000 after acquiring an additional 497 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of BankUnited by 17.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock worth $169,000 after acquiring an additional 686 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of 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 valued at $1,101,000 after purchasing an additional 800 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Insider Activity at BankUnited

In other BankUnited news, insider Jay D. Richards sold 2,500 shares of the business’s 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 in the company, valued at $1,428,410.66. The trade was a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $421,527.58. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

BankUnited Stock Up 2.2 %

BankUnited stock opened at $42.72 on Friday. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 17.47 and a beta of 1.33. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. BankUnited, Inc. has a 12 month low of $24.34 and a 12 month high of $42.83. The stock has a fifty day simple moving average of $36.99 and a two-hundred day simple moving average of $33.97.

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

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend was Friday, October 11th. BankUnited’s dividend payout ratio (DPR) 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.