BankUnited, Inc. (NYSE:BKU) Stake Boosted by Hussman Strategic Advisors Inc.

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

Other large investors have also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. lifted its stake in BankUnited by 42.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock worth $53,000 after purchasing an additional 410 shares during the last quarter. Versant Capital Management Inc lifted its stake in BankUnited by 165.5% during 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 during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new position in BankUnited during the fourth quarter worth $73,000. Xponance Inc. bought a new position in BankUnited during the fourth quarter worth $207,000. Finally, Marshall Wace LLP bought a new stake in BankUnited in the fourth quarter valued at $216,000. 99.70% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on BKU shares. Barclays raised their target price on BankUnited from $38.00 to $41.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Keefe, Bruyette & Woods cut their target price on BankUnited from $40.00 to $38.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group cut their target price on BankUnited from $38.00 to $34.00 and set a "sell" rating on the stock in a research note on Wednesday, April 30th. Hovde Group cut their target price on BankUnited from $46.00 to $44.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company cut their target price on BankUnited from $50.00 to $42.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $40.58.

Insider Transactions at BankUnited

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

BankUnited Stock Performance

Shares of NYSE BKU traded down $0.15 during midday trading on Friday, reaching $37.78. 54,727 shares of the company traded hands, compared to its average volume of 824,046. BankUnited, Inc. has a 52 week low of $28.21 and a 52 week high of $44.45. The stock has a 50-day moving average price of $35.42 and a 200 day moving average price of $35.78. 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 market cap of $2.84 billion, a price-to-earnings ratio of 11.75 and a beta of 1.29.

BankUnited (NYSE:BKU - Get Free Report) last released its earnings results on Monday, April 28th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. The firm had revenue of $255.41 million for the quarter, compared to analyst estimates of $264.35 million. BankUnited had a return on equity of 8.66% and a net margin of 12.26%. During the same period in the previous year, the company earned $0.64 earnings per share. Sell-side analysts anticipate that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Friday, July 11th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Friday, July 11th. BankUnited's payout ratio is currently 38.51%.

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.

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