Two Sigma Advisers LP Raises Position in BankUnited, Inc. (NYSE:BKU)

Two Sigma Advisers LP lifted its stake in shares of BankUnited, Inc. (NYSE:BKU) by 39.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,316 shares of the financial services provider’s stock after purchasing an additional 4,600 shares during the period. Two Sigma Advisers LP’s holdings in BankUnited were worth $623,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Blue Trust Inc. increased its stake in shares of BankUnited by 182.3% during the 4th 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. Nomura Asset Management Co. Ltd. increased its stake in shares of BankUnited by 42.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 410 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in BankUnited in the 4th quarter worth approximately $73,000. Smartleaf Asset Management LLC boosted its holdings in BankUnited by 270.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider’s stock worth $74,000 after buying an additional 1,407 shares during the period. Finally, KBC Group NV boosted its holdings 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. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Insider Activity

In other BankUnited news, Director Sanjiv Sobti purchased 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average price of $32.07 per share, with a total value of $64,140.00. Following the completion of the purchase, the director now directly owns 20,782 shares of the company’s stock, valued at $666,478.74. The trade was a 10.65% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Leslie Lunak sold 22,776 shares of the firm’s stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $33.56, for a total value of $764,362.56. Following the completion of the sale, the chief financial officer now directly owns 59,899 shares of the company’s stock, valued at $2,010,210.44. The trade was a 27.55% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.15% of the company’s stock.

Analyst Upgrades and Downgrades

BKU has been the subject of several analyst reports. Piper Sandler raised shares of BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price objective for the company in a report on Tuesday, March 11th. The Goldman Sachs Group reduced their target price on BankUnited from $38.00 to $34.00 and set a “sell” rating for the company in a research report on Wednesday, April 30th. Barclays decreased their price objective on shares of BankUnited from $44.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. Hovde Group decreased their price objective on shares of BankUnited from $46.00 to $44.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 25th. Finally, Wall Street Zen cut shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $40.42.

BankUnited Stock Performance

NYSE BKU opened at $34.35 on Wednesday. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of 11.15 and a beta of 1.29. The company has a 50-day simple moving average of $33.13 and a two-hundred day simple moving average of $36.83. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. BankUnited, Inc. has a 12-month low of $26.78 and a 12-month high of $44.45.

BankUnited (NYSE:BKU) last issued its earnings results 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 company 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 prior year, the business posted $0.64 EPS. On average, equities analysts forecast that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date was Friday, April 11th. This is a positive change from BankUnited’s previous quarterly dividend of $0.29. BankUnited’s dividend payout ratio is 38.51%.

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.