Wealthfront Advisers LLC Invests $3.67 Million in BankUnited, Inc. (NYSE:BKU)

Wealthfront Advisers LLC acquired a new stake in shares of BankUnited, Inc. (NYSE:BKUFree Report) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 96,097 shares of the financial services provider’s stock, valued at approximately $3,668,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Alpha DNA Investment Management LLC purchased a new position in BankUnited in the 3rd quarter valued at about $443,000. Principal Financial Group Inc. raised its position 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 buying an additional 10,064 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of BankUnited during the fourth quarter valued at approximately $766,000. SG Americas Securities LLC boosted its position in BankUnited by 462.0% during the fourth quarter. SG Americas Securities LLC now owns 27,955 shares of the financial services provider’s stock worth $1,067,000 after acquiring an additional 22,981 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in BankUnited by 211.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 59,594 shares of the financial services provider’s stock worth $2,172,000 after acquiring an additional 40,461 shares during the period. Hedge funds and other institutional investors own 99.70% of the company’s stock.

BankUnited Trading Down 1.1 %

NYSE:BKU opened at $32.99 on Friday. BankUnited, Inc. has a one year low of $24.34 and a one year high of $44.45. The business’s 50-day simple moving average is $38.61 and its 200 day simple moving average is $38.24. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of 10.71 and a beta of 1.40.

BankUnited (NYSE:BKUGet Free Report) last released its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter in the previous year, the company posted $0.26 earnings per share. As a group, sell-side analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Friday, January 10th. BankUnited’s payout ratio is currently 37.66%.

Insider Activity

In other news, Director Sanjiv Sobti bought 2,000 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was bought at an average price of $32.07 per share, for a total transaction of $64,140.00. Following the transaction, the director now owns 20,782 shares in the company, valued at $666,478.74. The trade was a 10.65 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kevin A. Malcolm sold 3,234 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total value of $113,772.12. Following the sale, the insider now directly owns 12,250 shares in the company, valued at approximately $430,955. This represents a 20.89 % 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.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Compass Point increased their price target on BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. Keefe, Bruyette & Woods increased their target price on BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. Wells Fargo & Company raised their price target on BankUnited from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday, January 23rd. Royal Bank of Canada upped their price objective on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group raised their target price on shares of BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, BankUnited currently has an average rating of “Hold” and an average target price of $43.18.

Get Our Latest Stock Report on BKU

BankUnited Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding BKU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BankUnited, Inc. (NYSE:BKUFree Report).

Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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