BankUnited, Inc. (NYSE:BKU) Stock Position Raised by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. raised its stake in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 14.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,000 shares of the financial services provider's stock after purchasing an additional 10,500 shares during the period. Hussman Strategic Advisors Inc. owned 0.11% of BankUnited worth $2,893,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. boosted 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 purchasing an additional 410 shares during the last quarter. Versant Capital Management Inc increased 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 acquiring an additional 1,175 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of BankUnited in the fourth quarter worth $73,000. Xponance Inc. acquired a new stake in shares of BankUnited in the fourth quarter worth $207,000. Finally, Marshall Wace LLP acquired a new stake in shares of BankUnited in the fourth quarter worth $216,000. Institutional investors and hedge funds own 99.70% of the company's stock.

BankUnited Stock Performance

NYSE:BKU traded up $0.48 during midday trading on Monday, reaching $38.47. 83,877 shares of the company traded hands, compared to its average volume of 787,873. BankUnited, Inc. has a twelve month low of $28.21 and a twelve month high of $44.45. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 11.95 and a beta of 1.29. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.84 and a quick ratio of 0.84. The company has a fifty day moving average price of $35.51 and a 200 day moving average price of $35.74.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.04. BankUnited had a return on equity of 8.66% and a net margin of 12.26%. The business had revenue of $255.41 million during the quarter, compared to analyst estimates of $264.35 million. During the same quarter in the previous year, the firm posted $0.64 EPS. On average, analysts expect that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 11th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, July 11th. This represents a $1.24 dividend on an annualized basis and a yield of 3.22%. BankUnited's dividend payout ratio is currently 38.51%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BKU shares. Keefe, Bruyette & Woods dropped their price objective on shares of BankUnited from $40.00 to $38.00 and set a "market perform" rating for the company in a research report on Wednesday, April 30th. The Goldman Sachs Group dropped their price objective on shares of BankUnited from $38.00 to $34.00 and set a "sell" rating for the company in a research report on Wednesday, April 30th. Jefferies Financial Group initiated coverage on shares of BankUnited in a research report on Wednesday, May 21st. They set a "hold" rating and a $39.00 target price on the stock. 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. Finally, Royal Bank Of Canada decreased their price target on shares of BankUnited from $42.00 to $40.00 and set a "sector perform" rating for the company in a research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, BankUnited has a consensus rating of "Hold" and an average target price of $40.58.

Insider Activity at BankUnited

In other BankUnited news, Director John N. Digiacomo sold 1,000 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $34.43, for a total value of $34,430.00. Following the completion of the sale, the director directly owned 14,516 shares in the company, valued at $499,785.88. This represents a 6.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Leslie Lunak sold 22,776 shares of the company'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 value of $764,362.56. Following the completion of the sale, the chief financial officer owned 59,899 shares of the company's stock, valued at $2,010,210.44. This trade represents a 27.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.

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.