BankUnited, Inc. (NYSE:BKU) Shares Purchased by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP raised its holdings in BankUnited, Inc. (NYSE:BKU) by 32.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,651 shares of the financial services provider’s stock after purchasing an additional 3,622 shares during the period. Advantage Alpha Capital Partners LP’s holdings in BankUnited were worth $534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in BKU. CWM LLC increased its stake in shares of BankUnited by 307.6% in the second quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,455 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in BankUnited during the 2nd quarter worth $74,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BankUnited in the 2nd quarter worth about $169,000. GAMMA Investing LLC raised its stake in shares of BankUnited by 17.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 686 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new position in shares of BankUnited during the second quarter worth about $175,000. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at BankUnited

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.11, for a total value of $421,527.58. Following the completion of the sale, the chief operating officer now directly owns 100,000 shares in the company, valued at $3,911,000. This represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Jay D. Richards sold 2,500 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total value of $102,950.00. Following the transaction, the insider now directly owns 34,687 shares of the company’s stock, valued at approximately $1,428,410.66. The trade was a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.

BankUnited Trading Down 1.2 %

Shares of NYSE:BKU opened at $42.68 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The company’s 50-day moving average price is $37.26 and its 200 day moving average price is $34.25. The company has a market cap of $3.19 billion, a PE ratio of 17.49 and a beta of 1.33. BankUnited, Inc. has a fifty-two week low of $24.34 and a fifty-two week high of $44.45.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. The company had revenue of $515.24 million for the quarter, compared to analysts’ expectations of $258.65 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. Sell-side analysts anticipate that BankUnited, Inc. will post 2.89 earnings per share for the current year.

BankUnited Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.16 dividend on an annualized basis and a yield of 2.72%. BankUnited’s dividend payout ratio (DPR) is presently 47.54%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BKU. Barclays boosted their price objective on BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.00 price target on shares of BankUnited in a report on Wednesday, October 23rd. Wells Fargo & Company upgraded BankUnited from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $38.00 to $48.00 in a research note on Wednesday, November 13th. The Goldman Sachs Group boosted their target price on shares of BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a research note on Tuesday. Finally, Wedbush lifted their price target on shares of BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $38.70.

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.