Dynamic Technology Lab Private Ltd Takes $777,000 Position in BankUnited, Inc. (NYSE:BKU)

Dynamic Technology Lab Private Ltd purchased a new position in shares of BankUnited, Inc. (NYSE:BKU) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 21,336 shares of the financial services provider’s stock, valued at approximately $777,000.

Other institutional investors have also recently bought and sold shares of the company. CWM LLC lifted its position 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 valued at $56,000 after buying an additional 1,455 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in BankUnited during the 2nd quarter valued at $74,000. GAMMA Investing LLC boosted its position in BankUnited by 17.4% during the third quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 686 shares during the period. SG Americas Securities LLC acquired a new position in shares of BankUnited in the third quarter valued at $181,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BankUnited in the second quarter valued at about $169,000. Institutional investors and hedge funds own 99.70% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on BKU. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.00 target price on shares of BankUnited in a report on Wednesday, October 23rd. The Goldman Sachs Group upped their target price on BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday. Citigroup dropped their price target on BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, September 11th. Wells Fargo & Company upgraded BankUnited from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $38.00 to $48.00 in a research note on Wednesday, November 13th. Finally, Wedbush increased their price objective on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $38.70.

BankUnited Stock Down 0.7 %

BKU stock opened at $42.36 on Thursday. BankUnited, Inc. has a 52 week low of $24.34 and a 52 week high of $44.45. The business has a 50-day simple moving average of $37.37 and a 200 day simple moving average of $34.34. 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 has a market cap of $3.17 billion, a PE ratio of 17.36 and a beta of 1.33.

BankUnited (NYSE:BKU) last issued its 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 company had revenue of $515.24 million during the quarter, compared to analysts’ expectations of $258.65 million. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. During the same period in the previous year, the company earned $0.63 EPS. Sell-side analysts anticipate that BankUnited, Inc. will post 2.89 EPS for the current fiscal year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.74%. The ex-dividend date was Friday, October 11th. BankUnited’s payout ratio is presently 47.54%.

Insider Buying and Selling at BankUnited

In other BankUnited news, insider Jay D. Richards sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total transaction of $102,950.00. Following the completion of the transaction, the insider now 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Thomas M. Cornish sold 10,778 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.11, for a total transaction of $421,527.58. Following the completion of the sale, the chief operating officer now owns 100,000 shares in the company, valued at approximately $3,911,000. The trade was a 9.73 % 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 Company 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.