Tudor Investment Corp ET AL Takes Position in BankUnited, Inc. $BKU

Tudor Investment Corp ET AL acquired a new stake in BankUnited, Inc. (NYSE:BKU) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 199,131 shares of the financial services provider’s stock, valued at approximately $7,599,000.

A number of other institutional investors also recently modified their holdings of BKU. Royal Bank of Canada boosted its stake in shares of BankUnited by 15.3% in the 1st quarter. Royal Bank of Canada now owns 18,092 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 2,394 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of BankUnited by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,380 shares of the financial services provider’s stock valued at $1,528,000 after purchasing an additional 1,934 shares during the last quarter. Jane Street Group LLC bought a new stake in shares of BankUnited in the 1st quarter valued at $9,100,000. Strs Ohio bought a new stake in shares of BankUnited in the 1st quarter valued at $28,000. Finally, Invesco Ltd. boosted its stake in shares of BankUnited by 1.2% in the 2nd quarter. Invesco Ltd. now owns 570,879 shares of the financial services provider’s stock valued at $20,318,000 after purchasing an additional 6,815 shares during the last quarter. 99.70% of the stock is owned by institutional investors.

BankUnited Stock Down 0.7%

Shares of NYSE BKU opened at $45.71 on Wednesday. The firm has a market cap of $3.37 billion, a PE ratio of 12.91 and a beta of 1.26. BankUnited, Inc. has a 12-month low of $28.49 and a 12-month high of $52.11. The company’s fifty day simple moving average is $46.71 and its 200 day simple moving average is $43.82. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.51.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. The business had revenue of $260.80 million for the quarter, compared to analyst estimates of $279.76 million. BankUnited had a net margin of 14.14% and a return on equity of 9.09%. During the same period in the prior year, the firm earned $0.91 earnings per share. As a group, sell-side analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, April 10th will be issued a dividend of $0.33 per share. The ex-dividend date is Friday, April 10th. This is a positive change from BankUnited’s previous quarterly dividend of $0.31. This represents a $1.32 annualized dividend and a yield of 2.9%. BankUnited’s dividend payout ratio is currently 35.03%.

Insiders Place Their Bets

In other BankUnited news, insider Kevin A. Malcolm sold 3,447 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $47.11, for a total transaction of $162,388.17. Following the transaction, the insider owned 11,500 shares in the company, valued at approximately $541,765. This represents a 23.06% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Jay D. Richards sold 3,506 shares of the company’s stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $49.83, for a total transaction of $174,703.98. Following the transaction, the insider owned 35,687 shares in the company, valued at approximately $1,778,283.21. The trade was a 8.95% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 11,953 shares of company stock worth $591,492. Insiders own 1.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. The Goldman Sachs Group reissued a “sell” rating on shares of BankUnited in a research note on Monday, February 2nd. Weiss Ratings raised shares of BankUnited from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, April 1st. Raymond James Financial set a $55.00 target price on shares of BankUnited in a research note on Wednesday, January 21st. Cantor Fitzgerald increased their target price on shares of BankUnited from $51.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Piper Sandler increased their target price on shares of BankUnited from $42.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, BankUnited has a consensus rating of “Moderate Buy” and a consensus price target of $53.82.

BankUnited Company Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.