AlphaQuest LLC Acquires 76,520 Shares of BankUnited, Inc. $BKU

AlphaQuest LLC boosted its position in shares of BankUnited, Inc. (NYSE:BKU) by 180.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,868 shares of the financial services provider’s stock after purchasing an additional 76,520 shares during the period. BankUnited comprises 0.3% of AlphaQuest LLC’s holdings, making the stock its 20th biggest holding. AlphaQuest LLC owned approximately 0.16% of BankUnited worth $4,536,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Bayforest Capital Ltd increased its stake in BankUnited by 32.3% in the 2nd quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock worth $40,000 after buying an additional 271 shares during the period. Maryland State Retirement & Pension System grew its stake in BankUnited by 1.4% in the 2nd quarter. Maryland State Retirement & Pension System now owns 22,104 shares of the financial services provider’s stock worth $787,000 after acquiring an additional 304 shares in the last quarter. Yousif Capital Management LLC boosted its holdings in shares of BankUnited by 1.2% in the second quarter. Yousif Capital Management LLC now owns 27,917 shares of the financial services provider’s stock valued at $994,000 after purchasing an additional 337 shares during the period. GAMMA Investing LLC lifted its holdings in shares of BankUnited by 7.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,132 shares of the financial services provider’s stock worth $196,000 after buying an additional 368 shares during the period. Finally, Amalgamated Bank grew its holdings in BankUnited by 1.8% during the 3rd quarter. Amalgamated Bank now owns 21,812 shares of the financial services provider’s stock worth $832,000 after acquiring an additional 393 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BKU. Weiss Ratings reiterated a “buy (b-)” rating on shares of BankUnited in a research note on Wednesday, January 21st. The Goldman Sachs Group lifted their target price on BankUnited from $43.00 to $49.00 and gave the company a “sell” rating in a research note on Thursday, January 22nd. Jefferies Financial Group raised their price target on shares of BankUnited from $55.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, January 21st. Citigroup boosted their price objective on shares of BankUnited from $49.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, January 23rd. Finally, Piper Sandler boosted their target price on shares of BankUnited from $42.00 to $52.00 and gave the stock a “neutral” rating in a research report on Thursday, January 22nd. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell 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 $52.91.

BankUnited Price Performance

NYSE:BKU opened at $47.59 on Friday. The firm’s fifty day moving average is $45.41 and its two-hundred day moving average is $40.81. The firm has a market cap of $3.58 billion, a price-to-earnings ratio of 13.44 and a beta of 1.30. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.83 and a current ratio of 0.82. BankUnited, Inc. has a one year low of $28.21 and a one year high of $52.11.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. The business had revenue of $288.20 million during the quarter, compared to analysts’ expectations of $279.76 million. BankUnited had a return on equity of 9.09% and a net margin of 14.14%.During the same quarter in the previous year, the firm posted $0.91 EPS. Research analysts expect that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

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

About BankUnited

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.