GAMMA Investing LLC Has $170,000 Stock Holdings in BankUnited, Inc. $BKU

GAMMA Investing LLC lessened its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 8.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 4,764 shares of the financial services provider’s stock after selling 426 shares during the period. GAMMA Investing LLC’s holdings in BankUnited were worth $170,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BKU. Wellington Management Group LLP raised its holdings in BankUnited by 893.2% in the 1st quarter. Wellington Management Group LLP now owns 1,150,879 shares of the financial services provider’s stock valued at $39,636,000 after acquiring an additional 1,035,002 shares in the last quarter. Boston Partners acquired a new position in shares of BankUnited in the 1st quarter worth approximately $26,299,000. Kodai Capital Management LP acquired a new position in shares of BankUnited in the 1st quarter worth approximately $16,986,000. Nuveen LLC acquired a new stake in BankUnited during the 1st quarter valued at $16,338,000. Finally, Cramer Rosenthal Mcglynn LLC increased its holdings in BankUnited by 64.9% during the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 806,468 shares of the financial services provider’s stock valued at $27,775,000 after purchasing an additional 317,532 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Insider Buying and Selling at BankUnited

In other BankUnited news, Director Douglas J. Pauls sold 3,500 shares of BankUnited stock in a transaction dated Friday, July 25th. The stock was sold at an average price of $38.79, for a total value of $135,765.00. Following the sale, the director owned 43,205 shares of the company’s stock, valued at $1,675,921.95. This trade represents a 7.49% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jay D. Richards sold 3,942 shares of BankUnited stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $38.81, for a total value of $152,989.02. Following the completion of the sale, the insider directly owned 39,193 shares in the company, valued at $1,521,080.33. This represents a 9.14% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.15% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Hovde Group raised their price target on BankUnited from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Thursday, July 24th. Cantor Fitzgerald assumed coverage on BankUnited in a report on Wednesday, September 10th. They set an “overweight” rating and a $44.00 price target for the company. Wells Fargo & Company raised their price target on BankUnited from $42.00 to $45.00 and gave the company an “overweight” rating in a report on Thursday, July 24th. Wall Street Zen raised BankUnited from a “sell” rating to a “hold” rating in a report on Saturday, July 26th. Finally, Citigroup increased their price objective on BankUnited from $36.00 to $38.00 and gave the company a “neutral” rating in a research report on Wednesday, July 2nd. Four analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $41.91.

BankUnited Stock Performance

Shares of BankUnited stock opened at $38.15 on Tuesday. The company has a market capitalization of $2.87 billion, a PE ratio of 11.19 and a beta of 1.29. BankUnited, Inc. has a 12 month low of $28.21 and a 12 month high of $44.45. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.76. The stock’s fifty day simple moving average is $38.00 and its 200 day simple moving average is $35.59.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.79 by $0.12. The business had revenue of $273.93 million for the quarter, compared to the consensus estimate of $267.17 million. BankUnited had a return on equity of 9.00% and a net margin of 13.19%.During the same quarter last year, the business posted $0.72 EPS. On average, research analysts predict that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 10th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Friday, October 10th. BankUnited’s dividend payout ratio (DPR) is presently 36.36%.

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.