Quantbot Technologies LP Makes New Investment in BankUnited, Inc. (NYSE:BKU)

Quantbot Technologies LP bought a new position in shares of BankUnited, Inc. (NYSE:BKU) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 55,640 shares of the financial services provider’s stock, valued at approximately $2,124,000. Quantbot Technologies LP owned 0.07% of BankUnited as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Alpha DNA Investment Management LLC acquired a new stake in BankUnited during the 3rd quarter worth approximately $443,000. Principal Financial Group Inc. raised its holdings in shares of BankUnited by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider’s stock valued at $13,836,000 after purchasing an additional 10,064 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of BankUnited in the fourth quarter valued at approximately $766,000. SG Americas Securities LLC raised its holdings in shares of BankUnited by 462.0% in the fourth quarter. SG Americas Securities LLC now owns 27,955 shares of the financial services provider’s stock valued at $1,067,000 after purchasing an additional 22,981 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of BankUnited by 211.5% in the third quarter. BNP Paribas Financial Markets now owns 59,594 shares of the financial services provider’s stock valued at $2,172,000 after purchasing an additional 40,461 shares during the last quarter. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on BKU. Royal Bank of Canada lifted their price objective on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods lifted their price objective on shares of BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Wells Fargo & Company lifted their price objective on shares of BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. Barclays decreased their target price on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Finally, Compass Point raised their target price on shares of BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.18.

Insiders Place Their Bets

In other BankUnited news, Director Sanjiv Sobti bought 1,000 shares of BankUnited stock in a transaction dated Thursday, March 13th. The stock was bought at an average price of $32.83 per share, with a total value of $32,830.00. Following the completion of the transaction, the director now owns 21,782 shares in the company, valued at $715,103.06. The trade was a 4.81 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Kevin A. Malcolm sold 3,234 shares of the business’s stock in a transaction dated Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total transaction of $113,772.12. Following the completion of the sale, the insider now directly owns 12,250 shares of the company’s stock, valued at approximately $430,955. The trade was a 20.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.

BankUnited Trading Down 0.2 %

BKU stock opened at $34.59 on Monday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. The company has a fifty day moving average price of $38.06 and a two-hundred day moving average price of $38.05. BankUnited, Inc. has a one year low of $24.34 and a one year high of $44.45. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of 11.23 and a beta of 1.40.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same quarter in the previous year, the business earned $0.26 earnings per share. Equities analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a yield of 3.35%. BankUnited’s dividend payout ratio (DPR) is 37.66%.

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.