James Investment Research Inc. Purchases New Stake in BankUnited, Inc. (NYSE:BKU)

James Investment Research Inc. purchased a new stake in BankUnited, Inc. (NYSE:BKU - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,103 shares of the financial services provider's stock, valued at approximately $245,000.

Other hedge funds have also bought and sold shares of the company. Nomura Asset Management Co. Ltd. boosted its position 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 valued at $53,000 after acquiring an additional 410 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in BankUnited by 6.8% during the fourth quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider's stock valued at $298,000 after acquiring an additional 495 shares during the last quarter. Bank of Montreal Can boosted its position in BankUnited by 4.1% during the fourth quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider's stock valued at $579,000 after acquiring an additional 593 shares during the last quarter. Cerity Partners LLC boosted its position in BankUnited by 9.8% during the first quarter. Cerity Partners LLC now owns 8,117 shares of the financial services provider's stock valued at $280,000 after acquiring an additional 726 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in BankUnited by 14.9% during the fourth quarter. Tower Research Capital LLC TRC now owns 7,174 shares of the financial services provider's stock valued at $274,000 after acquiring an additional 932 shares during the last quarter. Institutional investors own 99.70% of the company's stock.

Wall Street Analyst Weigh In

BKU has been the subject of a number of research reports. Wells Fargo & Company reduced their price target on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. Jefferies Financial Group initiated coverage on shares of BankUnited in a report on Wednesday, May 21st. They issued a "hold" rating and a $39.00 price target for the company. Royal Bank Of Canada reduced their price target on shares of BankUnited from $42.00 to $40.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Citigroup raised their price target on shares of BankUnited from $36.00 to $38.00 and gave the stock a "neutral" rating in a report on Wednesday, July 2nd. Finally, Keefe, Bruyette & Woods reduced their price target on shares of BankUnited from $40.00 to $38.00 and set a "market perform" rating for the company in a report on Wednesday, April 30th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, BankUnited presently has an average rating of "Hold" and an average price target of $40.58.

BankUnited Price Performance

NYSE:BKU traded up $0.93 during mid-day trading on Thursday, hitting $37.93. 703,204 shares of the stock traded hands, compared to its average volume of 799,607. The business's 50-day moving average price is $35.42 and its 200 day moving average price is $35.78. The company has a market cap of $2.85 billion, a PE ratio of 11.78 and a beta of 1.29. BankUnited, Inc. has a 12-month low of $28.21 and a 12-month high of $44.45. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.83.

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

BankUnited Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 31st. Shareholders of record on Friday, July 11th will be paid a $0.31 dividend. The ex-dividend date is Friday, July 11th. This represents a $1.24 dividend on an annualized basis and a yield of 3.27%. BankUnited's dividend payout ratio is presently 38.51%.

Insider Buying and Selling

In other news, Director John N. Digiacomo sold 1,000 shares of the business'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 completion of the sale, the director directly owned 14,516 shares in the company, valued at approximately $499,785.88. The trade was a 6.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, 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 owned 59,899 shares of the company's stock, valued at approximately $2,010,210.44. The trade was 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 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.