WINTON GROUP Ltd Buys 303 Shares of BankUnited, Inc. (NYSE:BKU)

WINTON GROUP Ltd lifted its stake in shares of BankUnited, Inc. (NYSE:BKU) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,582 shares of the financial services provider’s stock after purchasing an additional 303 shares during the quarter. WINTON GROUP Ltd’s holdings in BankUnited were worth $1,012,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. CWM LLC lifted its stake in BankUnited by 307.6% in the 2nd quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 1,455 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of BankUnited in the first quarter worth $57,000. Meeder Asset Management Inc. bought a new stake in BankUnited during the second quarter valued at $74,000. Picton Mahoney Asset Management purchased a new position in BankUnited during the second quarter worth about $175,000. Finally, Neo Ivy Capital Management bought a new position in BankUnited in the 4th quarter worth about $238,000. 99.70% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on BKU shares. Wells Fargo & Company lifted their price target on BankUnited from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Monday, July 22nd. Royal Bank of Canada boosted their price target on shares of BankUnited from $29.00 to $31.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 9th. Hovde Group increased their price target on shares of BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. JPMorgan Chase & Co. lifted their price objective on shares of BankUnited from $34.50 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Finally, Barclays increased their target price on BankUnited from $30.00 to $35.00 and gave the company an “equal weight” rating in a research note on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $35.00.

BankUnited Stock Performance

NYSE BKU opened at $36.39 on Tuesday. The company has a 50-day simple moving average of $35.88 and a two-hundred day simple moving average of $30.60. BankUnited, Inc. has a 12-month low of $20.84 and a 12-month high of $39.51. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of 15.69 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.22.

BankUnited (NYSE:BKU) last issued its earnings results on Thursday, July 18th. The financial services provider reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.07. The company had revenue of $250.20 million during the quarter, compared to analysts’ expectations of $243.65 million. BankUnited had a return on equity of 7.76% and a net margin of 8.41%. BankUnited’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.78 EPS. On average, equities analysts forecast that BankUnited, Inc. will post 2.88 EPS for the current year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Investors of record on Friday, July 12th were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.19%. The ex-dividend date was Friday, July 12th. BankUnited’s payout ratio is 50.00%.

Insider Buying and Selling at BankUnited

In other BankUnited news, Director Douglas J. Pauls sold 3,500 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $36.50, for a total value of $127,750.00. Following the transaction, the director now owns 43,654 shares in the company, valued at $1,593,371. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Douglas J. Pauls sold 3,500 shares of BankUnited stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $36.50, for a total value of $127,750.00. Following the sale, the director now directly owns 43,654 shares in the company, valued at approximately $1,593,371. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William S. Rubenstein sold 7,864 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total value of $303,314.48. Following the transaction, the director now directly owns 10,282 shares in the company, valued at $396,576.74. The disclosure for this sale can be found here. Insiders sold 21,507 shares of company stock valued at $802,400 in the last quarter. Company insiders own 1.19% of the company’s stock.

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.