Brevan Howard Capital Management LP Sells 9,145 Shares of BankUnited, Inc. (NYSE:BKU)

Brevan Howard Capital Management LP reduced its position in BankUnited, Inc. (NYSE:BKU - Free Report) by 38.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,343 shares of the financial services provider's stock after selling 9,145 shares during the quarter. Brevan Howard Capital Management LP's holdings in BankUnited were worth $547,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Blue Trust Inc. boosted its position in BankUnited by 182.3% in the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock valued at $31,000 after buying an additional 547 shares during the period. Nomura Asset Management Co. Ltd. increased its holdings in shares of BankUnited by 42.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock valued at $53,000 after acquiring an additional 410 shares during the period. Smartleaf Asset Management LLC raised its position in shares of BankUnited by 270.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider's stock worth $74,000 after acquiring an additional 1,407 shares in the last quarter. R Squared Ltd purchased a new stake in shares of BankUnited during the 4th quarter worth $113,000. Finally, KBC Group NV boosted its position in BankUnited by 87.8% during the fourth quarter. KBC Group NV now owns 4,028 shares of the financial services provider's stock valued at $154,000 after purchasing an additional 1,883 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company's stock.

Insider Activity at BankUnited

In other BankUnited news, CFO Leslie Lunak sold 22,776 shares of the business's stock in a transaction that occurred 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 in the company, valued at approximately $2,010,210.44. The trade was a 27.55 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Sanjiv Sobti bought 2,000 shares of the firm's stock in a transaction dated Tuesday, March 11th. The stock was purchased 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 of the company's stock, valued at approximately $666,478.74. This represents a 10.65 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.15% of the stock is owned by company insiders.

BankUnited Stock Down 1.5 %

BKU stock opened at $33.88 on Friday. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. The firm's fifty day simple moving average is $32.85 and its 200-day simple moving average is $37.11. BankUnited, Inc. has a 12 month low of $26.78 and a 12 month high of $44.45. The company has a market capitalization of $2.55 billion, a P/E ratio of 11.00 and a beta of 1.29.

BankUnited (NYSE:BKU - Get Free Report) last released its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.04. The business had revenue of $255.41 million during the quarter, compared to analyst estimates of $264.35 million. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter last year, the business posted $0.64 EPS. As a group, equities research analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were paid a $0.31 dividend. This is a boost from BankUnited's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 3.66%. The ex-dividend date of this dividend was Friday, April 11th. BankUnited's payout ratio is currently 38.51%.

Analyst Ratings Changes

Several analysts have commented on BKU shares. Wells Fargo & Company decreased their price target on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating for the company in a research report on Wednesday, April 9th. Hovde Group cut their price target on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating on the stock in a report on Tuesday, March 25th. Piper Sandler upgraded BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price target for the company in a research note on Tuesday, March 11th. Royal Bank of Canada dropped their price target on BankUnited from $42.00 to $40.00 and set a "sector perform" rating on the stock in a research note on Tuesday, April 29th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of BankUnited from $40.00 to $38.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $40.55.

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.

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