Jump Financial LLC Invests $1.40 Million in BankUnited, Inc. $BKU

Key Points

• Jump Financial LLC invested approximately $1.4 million in BankUnited, acquiring 40,600 shares, representing a 0.05% ownership stake in the company.
• BankUnited reported better-than-expected earnings per share of $0.91 for the last quarter, surpassing the consensus estimate of $0.79, along with a revenue of $273.93 million.
• The company recently declared a quarterly dividend of $0.31 per share, yielding 3.2%, with a dividend payout ratio of 36.36%.

Jump Financial LLC acquired a new position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 40,600 shares of the financial services provider's stock, valued at approximately $1,398,000. Jump Financial LLC owned about 0.05% of BankUnited at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC grew its holdings in BankUnited by 31.7% during the first quarter. CWM LLC now owns 7,464 shares of the financial services provider's stock valued at $257,000 after purchasing an additional 1,798 shares during the period. Principal Financial Group Inc. grew its holdings in BankUnited by 2.7% during the first quarter. Principal Financial Group Inc. now owns 372,237 shares of the financial services provider's stock valued at $12,820,000 after purchasing an additional 9,750 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in BankUnited during the first quarter valued at approximately $585,000. Bank of New York Mellon Corp grew its holdings in BankUnited by 36.8% during the first quarter. Bank of New York Mellon Corp now owns 1,059,697 shares of the financial services provider's stock valued at $36,496,000 after purchasing an additional 285,092 shares during the period. Finally, New York State Teachers Retirement System grew its holdings in BankUnited by 20.6% during the first quarter. New York State Teachers Retirement System now owns 31,614 shares of the financial services provider's stock valued at $1,089,000 after purchasing an additional 5,395 shares during the period. 99.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

BKU has been the subject of several research analyst reports. Barclays boosted 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. Citigroup boosted their price objective on BankUnited from $36.00 to $38.00 and gave the company a "neutral" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company boosted their price objective on BankUnited from $42.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of BankUnited in a research report on Thursday, July 24th. Finally, Jefferies Financial Group began coverage on BankUnited in a research report on Wednesday, May 21st. They set a "hold" rating and a $39.00 price target for the company. Three research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $41.55.

Insider Buying and Selling at BankUnited

In other BankUnited news, Director Douglas J. Pauls sold 3,500 shares of the stock in a transaction on Friday, July 25th. The stock was sold at an average price of $38.79, for a total transaction of $135,765.00. Following the transaction, the director owned 43,205 shares in the company, valued at $1,675,921.95. This trade represents a 7.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay D. Richards sold 3,942 shares of the stock in a transaction 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 transaction, the insider owned 39,193 shares in the company, valued at $1,521,080.33. The trade was a 9.14% decrease in their position. The disclosure for this sale can be found here. 1.15% of the stock is owned by company insiders.

BankUnited Stock Performance

BKU traded down $0.49 during trading hours on Tuesday, reaching $38.70. The company's stock had a trading volume of 190,499 shares, compared to its average volume of 809,328. BankUnited, Inc. has a 52 week low of $28.21 and a 52 week high of $44.45. The company's 50-day moving average is $37.34 and its 200-day moving average is $35.25. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $2.91 billion, a PE ratio of 11.34 and a beta of 1.29.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly 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 return on equity of 9.00% and a net margin of 13.19%.The business had revenue of $273.93 million for the quarter, compared to analysts' expectations of $267.17 million. During the same quarter in the prior year, the business earned $0.72 EPS. On average, equities analysts forecast that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Shareholders of record on Friday, July 11th were given a dividend of $0.31 per share. The ex-dividend date was Friday, July 11th. This represents a $1.24 annualized dividend and a yield of 3.2%. BankUnited's dividend payout ratio (DPR) is presently 36.36%.

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.