AXQ Capital LP Sells 16,694 Shares of BankUnited, Inc. $BKU

AXQ Capital LP cut its position in BankUnited, Inc. (NYSE:BKU) by 68.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 7,831 shares of the financial services provider’s stock after selling 16,694 shares during the quarter. AXQ Capital LP’s holdings in BankUnited were worth $299,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Strs Ohio purchased a new position in shares of BankUnited in the 1st quarter worth approximately $28,000. Salomon & Ludwin LLC acquired a new stake in BankUnited in the third quarter valued at approximately $34,000. Hantz Financial Services Inc. boosted its stake in BankUnited by 202.0% in the third quarter. Hantz Financial Services Inc. now owns 1,217 shares of the financial services provider’s stock valued at $46,000 after acquiring an additional 814 shares in the last quarter. Covestor Ltd grew its holdings in BankUnited by 7,588.9% in the third quarter. Covestor Ltd now owns 1,384 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,366 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in shares of BankUnited by 4,293.5% during the third quarter. Jones Financial Companies Lllp now owns 1,362 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,331 shares in the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Hovde Group reissued an “outperform” rating and issued a $51.00 price objective on shares of BankUnited in a research report on Monday, December 8th. The Goldman Sachs Group reiterated a “sell” rating on shares of BankUnited in a research note on Monday, February 2nd. Royal Bank Of Canada raised their price target on BankUnited from $48.00 to $53.00 and gave the stock a “sector perform” rating in a report on Thursday, January 22nd. Raymond James Financial set a $55.00 price target on BankUnited in a research note on Wednesday, January 21st. Finally, Barclays upped their price objective on shares of BankUnited from $47.00 to $55.00 and gave the company an “equal weight” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $52.45.

Insider Transactions at BankUnited

In other BankUnited news, insider Jay D. Richards sold 3,506 shares of the business’s stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $49.83, for a total value of $174,703.98. Following the completion of the transaction, the insider directly owned 35,687 shares of the company’s stock, valued at approximately $1,778,283.21. The trade was a 8.95% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Sanjiv Sobti sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, February 9th. The stock was sold at an average price of $50.88, for a total transaction of $254,400.00. Following the sale, the director directly owned 18,816 shares in the company, valued at $957,358.08. The trade was a 20.99% decrease in their position. The SEC filing for this sale provides additional information. 1.15% of the stock is owned by corporate insiders.

BankUnited Stock Performance

BKU opened at $48.59 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.51. BankUnited, Inc. has a 12-month low of $28.21 and a 12-month high of $52.11. The firm has a 50 day moving average of $47.24 and a two-hundred day moving average of $42.43. The firm has a market capitalization of $3.65 billion, a PE ratio of 13.73 and a beta of 1.31.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. The firm had revenue of $288.20 million for the quarter, compared to analyst estimates of $279.76 million. BankUnited had a net margin of 14.14% and a return on equity of 9.09%. During the same quarter in the prior year, the business earned $0.91 earnings per share. On average, analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 9th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, January 9th. BankUnited’s payout ratio is 35.03%.

BankUnited Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.