Aigen Investment Management LP Invests $231,000 in BankUnited, Inc. $BKU

Key Points

• Aigen Investment Management LP acquired a new position in BankUnited, purchasing 6,704 shares valued at approximately $231,000.
• BankUnited has seen significant activity from institutional investors, with 99.70% of its stock currently owned by them, including notable increases by CWM LLC and Bank of New York Mellon Corp.
• The company recently reported earnings that beat analysts’ expectations, with $0.91 earnings per share for the quarter, and has announced a quarterly dividend of $0.31 per share.

Aigen Investment Management LP purchased a new stake in BankUnited, Inc. (NYSE:BKU - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,704 shares of the financial services provider's stock, valued at approximately $231,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Versant Capital Management Inc lifted its position in shares of BankUnited by 165.5% in the first quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider's stock worth $65,000 after purchasing an additional 1,175 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BankUnited in the fourth quarter worth $73,000. Headlands Technologies LLC lifted its position in shares of BankUnited by 697.4% in the first quarter. Headlands Technologies LLC now owns 2,464 shares of the financial services provider's stock worth $85,000 after purchasing an additional 2,155 shares in the last quarter. Marshall Wace LLP acquired a new position in BankUnited during the fourth quarter worth $216,000. Finally, GTS Securities LLC bought a new stake in BankUnited during the fourth quarter worth $261,000. Institutional investors own 99.70% of the company's stock.

BankUnited Stock Performance

NYSE:BKU traded down $0.24 during mid-day trading on Monday, reaching $37.25. 238,129 shares of the company's stock were exchanged, compared to its average volume of 826,285. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.84 and a current ratio of 0.84. BankUnited, Inc. has a one year low of $28.21 and a one year high of $44.45. The firm has a market capitalization of $2.80 billion, a PE ratio of 10.92 and a beta of 1.32. The business's fifty day simple moving average is $36.44 and its two-hundred day simple moving average is $35.43.

BankUnited (NYSE:BKU - Get Free Report) last released its earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.79 by $0.12. BankUnited had a net margin of 13.19% and a return on equity of 9.00%. The firm had revenue of $273.93 million for the quarter, compared to analyst estimates of $267.17 million. During the same period last year, the firm earned $0.72 EPS. Analysts anticipate that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Friday, July 11th. BankUnited's dividend payout ratio (DPR) is presently 36.36%.

Insider Activity

In other news, Director John N. Digiacomo sold 1,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $34.43, for a total value of $34,430.00. Following the sale, the director directly owned 14,516 shares in the company, valued at approximately $499,785.88. This trade represents a 6.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jay D. Richards sold 3,942 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $38.81, for a total transaction of $152,989.02. Following the completion of the sale, the insider owned 39,193 shares in the company, valued at approximately $1,521,080.33. The trade was a 9.14% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,442 shares of company stock worth $323,184. Corporate insiders own 1.15% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BKU. Wall Street Zen raised shares of BankUnited from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of BankUnited in a research report on Thursday, July 24th. The Goldman Sachs Group dropped their price target on shares of BankUnited from $38.00 to $34.00 and set a "sell" rating on the stock in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods upped their price target on shares of BankUnited from $38.00 to $42.00 and gave the stock a "market perform" rating in a research report on Monday, July 28th. Finally, Citigroup upped their price target on shares of BankUnited from $36.00 to $38.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, BankUnited presently has an average rating of "Hold" and a consensus price target of $41.55.

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.