27,040 Shares in BankUnited, Inc. (NYSE:BKU) Purchased by Cubist Systematic Strategies LLC

Cubist Systematic Strategies LLC purchased a new position in BankUnited, Inc. (NYSE:BKU - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 27,040 shares of the financial services provider's stock, valued at approximately $1,032,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of BankUnited by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider's stock worth $366,392,000 after purchasing an additional 181,493 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in BankUnited by 12.9% in the fourth quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider's stock worth $107,696,000 after acquiring an additional 322,368 shares in the last quarter. Royce & Associates LP grew its stake in shares of BankUnited by 3.3% during the fourth quarter. Royce & Associates LP now owns 1,149,827 shares of the financial services provider's stock worth $43,889,000 after acquiring an additional 36,328 shares during the last quarter. Balyasny Asset Management L.P. acquired a new position in shares of BankUnited during the fourth quarter valued at about $34,525,000. Finally, Northern Trust Corp increased its holdings in shares of BankUnited by 17.0% during the fourth quarter. Northern Trust Corp now owns 875,450 shares of the financial services provider's stock valued at $33,416,000 after acquiring an additional 127,159 shares in the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, insider Kevin A. Malcolm sold 3,234 shares of BankUnited stock in a transaction 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 owns 12,250 shares of the company's stock, valued at approximately $430,955. This trade represents a 20.89% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Leslie Lunak sold 22,776 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $33.56, for a total transaction of $764,362.56. Following the completion of the sale, the chief financial officer now directly owns 59,899 shares of the company's stock, valued at approximately $2,010,210.44. The trade was a 27.55% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.15% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Hovde Group lowered their target price on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a research note on Tuesday, March 25th. Royal Bank of Canada dropped their price objective on shares of BankUnited from $42.00 to $40.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. The Goldman Sachs Group reduced their target price on BankUnited from $38.00 to $34.00 and set a "sell" rating for the company in a research note on Wednesday, April 30th. Barclays dropped their price target on BankUnited from $44.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods dropped their target price on BankUnited from $40.00 to $38.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $40.55.

BankUnited Stock Performance

BKU stock traded down $0.23 during trading on Monday, hitting $36.10. 760,835 shares of the company traded hands, compared to its average volume of 795,443. BankUnited, Inc. has a 1 year low of $26.78 and a 1 year high of $44.45. The company has a market cap of $2.72 billion, a PE ratio of 11.72 and a beta of 1.29. The stock's 50-day simple moving average is $33.20 and its 200 day simple moving average is $37.16. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88.

BankUnited (NYSE:BKU - Get Free Report) last posted its earnings results on Monday, April 28th. The financial services provider reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.04. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. The firm had revenue of $255.41 million during the quarter, compared to analyst estimates of $264.35 million. During the same period in the previous year, the firm earned $0.64 EPS. On average, equities analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were issued a $0.31 dividend. This is a boost from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.24 dividend on an annualized basis and a yield of 3.43%. BankUnited's payout ratio is presently 38.51%.

About BankUnited

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.