Cwm LLC Has $257,000 Holdings in BankUnited, Inc. (NYSE:BKU)

Cwm LLC grew its position in shares of BankUnited, Inc. (NYSE:BKU) by 31.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,464 shares of the financial services provider’s stock after buying an additional 1,798 shares during the quarter. Cwm LLC’s holdings in BankUnited were worth $257,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Nomura Asset Management Co. Ltd. boosted its holdings in shares of BankUnited by 42.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 410 shares in the last quarter. Versant Capital Management Inc raised its position in BankUnited by 165.5% in the 1st quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 1,175 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in BankUnited in the 4th quarter valued at $73,000. Xponance Inc. acquired a new position in BankUnited in the fourth quarter worth $207,000. Finally, Marshall Wace LLP bought a new stake in shares of BankUnited during the fourth quarter worth $216,000. Institutional investors and hedge funds own 99.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Citigroup raised their target price on BankUnited from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Wednesday, July 2nd. Hovde Group raised their price objective on shares of BankUnited from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Thursday. Piper Sandler reiterated a “neutral” rating and set a $43.00 target price (up from $41.00) on shares of BankUnited in a research report on Thursday. Royal Bank Of Canada decreased their price target on shares of BankUnited from $42.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Tuesday, April 29th. Finally, The Goldman Sachs Group dropped their price objective on shares of BankUnited from $38.00 to $34.00 and set a “sell” rating for the company in a research report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, BankUnited has a consensus rating of “Hold” and an average price target of $41.18.

Insider Activity

In other news, CFO Leslie Lunak sold 22,776 shares of the company’s stock in a transaction dated 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 directly owned 59,899 shares of the company’s stock, valued at $2,010,210.44. This represents a 27.55% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John N. Digiacomo sold 1,000 shares of the stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $34.43, for a total transaction of $34,430.00. Following the completion of the sale, the director owned 14,516 shares in the company, valued at $499,785.88. This represents a 6.44% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by insiders.

BankUnited Price Performance

BKU opened at $38.47 on Friday. The company has a fifty day moving average price of $35.77 and a two-hundred day moving average price of $35.77. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.84 and a current ratio of 0.84. BankUnited, Inc. has a 52 week low of $28.21 and a 52 week high of $44.45. The firm has a market capitalization of $2.89 billion, a PE ratio of 11.28 and a beta of 1.29.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.12. BankUnited had a return on equity of 9.00% and a net margin of 13.19%. The business had revenue of $273.93 million for the quarter, compared to analyst estimates of $267.17 million. During the same period last year, the company earned $0.72 EPS. As a group, analysts anticipate that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 11th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, July 11th. BankUnited’s dividend payout ratio (DPR) is currently 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.