Dynamic Technology Lab Private Ltd Takes $750,000 Position in BankUnited, Inc. $BKU

Key Points

• Dynamic Technology Lab Private Ltd invested approximately $750,000 in BankUnited, acquiring 21,765 shares during the first quarter.
• BankUnited recently announced a quarterly dividend of $0.31, which provides a 3.2% dividend yield, with a payout ratio of 36.36%.
• Various analysts have adjusted their price targets for BankUnited, with Wells Fargo & Company raising their target from $42.00 to $45.00 and assigning an "overweight" rating.

Dynamic Technology Lab Private Ltd purchased a new position in BankUnited, Inc. (NYSE:BKU - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 21,765 shares of the financial services provider's stock, valued at approximately $750,000.

A number of other large investors have also recently made changes to their positions in BKU. Brooklyn Investment Group grew its holdings in BankUnited by 14,050.0% during the first quarter. Brooklyn Investment Group now owns 849 shares of the financial services provider's stock worth $29,000 after buying an additional 843 shares in the last quarter. Versant Capital Management Inc raised its position in 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 during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in BankUnited in the fourth quarter valued at approximately $73,000. Headlands Technologies LLC grew its stake in shares of BankUnited by 697.4% during the 1st quarter. Headlands Technologies LLC now owns 2,464 shares of the financial services provider's stock worth $85,000 after acquiring an additional 2,155 shares during the period. Finally, Quarry LP boosted its position in BankUnited by 9,157.5% during the first quarter. Quarry LP now owns 3,703 shares of the financial services provider's stock worth $128,000 after purchasing an additional 3,663 shares during the period. 99.70% of the stock is owned by institutional investors.

BankUnited Stock Down 0.8%

Shares of BankUnited stock opened at $38.67 on Tuesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.76. BankUnited, Inc. has a 12-month low of $28.21 and a 12-month high of $44.45. The company has a market cap of $2.91 billion, a P/E ratio of 11.34 and a beta of 1.29. The company's fifty day simple moving average is $37.70 and its two-hundred day simple moving average is $35.22.

BankUnited (NYSE:BKU - Get Free Report) last announced its earnings results on Wednesday, July 23rd. The financial services provider reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates 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 quarter in the previous year, the firm posted $0.72 EPS. Research analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were given a $0.31 dividend. The ex-dividend date of this dividend was Friday, July 11th. This represents a $1.24 annualized dividend and a dividend yield of 3.2%. BankUnited's dividend payout ratio is currently 36.36%.

Analysts Set New Price Targets

BKU has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on shares of BankUnited from $42.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Barclays increased their price objective on BankUnited from $41.00 to $43.00 and gave the company an "equal weight" rating in a research report on Thursday, July 24th. Royal Bank Of Canada reiterated a "sector perform" rating on shares of BankUnited in a research report on Thursday, July 24th. Jefferies Financial Group began coverage on BankUnited in a research report on Wednesday, May 21st. They issued a "hold" rating and a $39.00 price objective for the company. Finally, Hovde Group upped their price target on shares of BankUnited from $43.00 to $44.00 and gave the company an "outperform" rating in a report on Thursday, July 24th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $41.55.

Insider Activity at BankUnited

In other news, insider Jay D. Richards sold 3,942 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $38.81, for a total value of $152,989.02. Following the completion of the transaction, the insider owned 39,193 shares in the company, valued at $1,521,080.33. This trade represents a 9.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Douglas J. Pauls sold 3,500 shares of BankUnited stock in a transaction that occurred on Friday, July 25th. The shares were sold at an average price of $38.79, for a total value of $135,765.00. Following the sale, the director owned 43,205 shares in the company, valued at $1,675,921.95. This represents a 7.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by corporate insiders.

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.

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