Aigen Investment Management LP Invests $257,000 in BankUnited, Inc. (NYSE:BKU)

Aigen Investment Management LP purchased a new stake in BankUnited, Inc. (NYSE:BKU) during the third quarter, according to its most recent filing with the SEC. The firm purchased 7,045 shares of the financial services provider’s stock, valued at approximately $257,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Inspire Investing LLC raised its holdings in BankUnited by 6.8% in the first quarter. Inspire Investing LLC now owns 12,632 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 807 shares during the period. Headlands Technologies LLC acquired a new stake in BankUnited during the 1st quarter worth $57,000. Russell Investments Group Ltd. lifted its holdings in BankUnited by 0.8% during the first quarter. Russell Investments Group Ltd. now owns 112,849 shares of the financial services provider’s stock worth $3,160,000 after acquiring an additional 906 shares in the last quarter. ProShare Advisors LLC grew its stake in BankUnited by 7.4% in the first quarter. ProShare Advisors LLC now owns 15,002 shares of the financial services provider’s stock valued at $420,000 after acquiring an additional 1,031 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of BankUnited by 48.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 31,481 shares of the financial services provider’s stock worth $881,000 after acquiring an additional 10,240 shares in the last quarter. Institutional investors own 99.70% of the company’s stock.

Insider Buying and Selling

In other news, COO Thomas M. Cornish sold 10,778 shares of BankUnited stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.11, for a total value of $421,527.58. Following the completion of the transaction, the chief operating officer now owns 100,000 shares of the company’s stock, valued at $3,911,000. This trade represents a 9.73 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 1.19% of the stock is owned by corporate insiders.

BankUnited Trading Up 0.1 %

BankUnited stock opened at $40.71 on Friday. The company has a market cap of $3.04 billion, a price-to-earnings ratio of 16.68 and a beta of 1.33. The firm has a 50-day moving average of $36.51 and a 200-day moving average of $33.60. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88. BankUnited, Inc. has a one year low of $24.34 and a one year high of $41.65.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm had revenue of $515.24 million during the quarter, compared to analysts’ expectations of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same period in the prior year, the firm posted $0.63 earnings per share. On average, equities analysts expect that BankUnited, Inc. will post 2.85 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were paid a $0.29 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.16 annualized dividend and a dividend yield of 2.85%. BankUnited’s dividend payout ratio is presently 47.54%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on BKU shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $37.00 price objective on shares of BankUnited in a report on Wednesday, October 23rd. JPMorgan Chase & Co. lifted their price target on shares of BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Hovde Group upped their price target on shares of BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Barclays raised their price objective on shares of BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Finally, Wells Fargo & Company raised shares of BankUnited from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $38.00 to $48.00 in a research note on Wednesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $37.40.

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.