D. E. Shaw & Co. Inc. Has $2.28 Million Holdings in BankUnited, Inc. (NYSE:BKU)

D. E. Shaw & Co. Inc. cut its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 74.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,840 shares of the financial services provider’s stock after selling 176,470 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.08% of BankUnited worth $2,284,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Nomura Asset Management Co. Ltd. raised its stake in shares of BankUnited by 42.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 410 shares in the last quarter. Summit Investment Advisors Inc. raised its stake in shares of BankUnited by 6.8% in the fourth quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider’s stock valued at $298,000 after purchasing an additional 495 shares in the last quarter. Blue Trust Inc. raised its stake 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 valued at $31,000 after purchasing an additional 547 shares in the last quarter. Atria Investments Inc grew its position in BankUnited by 7.2% in the fourth quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider’s stock valued at $314,000 after acquiring an additional 555 shares during the period. Finally, Bank of Montreal Can grew its position in BankUnited by 4.1% in the fourth quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider’s stock valued at $579,000 after acquiring an additional 593 shares during the period. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Kevin A. Malcolm sold 3,234 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total value of $113,772.12. Following the transaction, the insider now directly owns 12,250 shares of the company’s stock, valued at $430,955. The trade was a 20.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Leslie Lunak sold 22,776 shares of the business’s stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $33.56, for a total value of $764,362.56. Following the completion of the transaction, the chief financial officer now directly owns 59,899 shares in the company, valued at $2,010,210.44. This represents a 27.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company’s stock.

BankUnited Stock Performance

Shares of NYSE BKU opened at $35.85 on Wednesday. The company has a market capitalization of $2.70 billion, a P/E ratio of 11.64 and a beta of 1.29. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. The stock has a 50 day moving average of $33.25 and a 200-day moving average of $37.16. BankUnited, Inc. has a 12 month low of $26.78 and a 12 month high of $44.45.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. The firm had revenue of $255.41 million during the quarter, compared to analysts’ expectations of $264.35 million. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same period in the previous year, the firm earned $0.64 EPS. As a group, equities research analysts predict that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were paid a $0.31 dividend. This is a positive change from BankUnited’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, April 11th. This represents a $1.24 annualized dividend and a dividend yield of 3.46%. BankUnited’s dividend payout ratio (DPR) is presently 38.51%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Piper Sandler upgraded BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price target on the stock in a research report on Tuesday, March 11th. Wells Fargo & Company lowered their price target on BankUnited from $50.00 to $42.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 9th. Barclays reduced their price objective on BankUnited from $44.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Tuesday, April 8th. The Goldman Sachs Group reduced their price objective on BankUnited from $38.00 to $34.00 and set a “sell” rating on the stock in a research note on Wednesday, April 30th. Finally, Hovde Group reduced their price objective on BankUnited from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.55.

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.