Neo Ivy Capital Management Lowers Stake in BankUnited, Inc. (NYSE:BKU)

Neo Ivy Capital Management decreased its holdings in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 76.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,909 shares of the financial services provider's stock after selling 41,355 shares during the quarter. Neo Ivy Capital Management's holdings in BankUnited were worth $492,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of BankUnited by 48.3% during the 3rd quarter. Barclays PLC now owns 183,240 shares of the financial services provider's stock worth $6,677,000 after buying an additional 59,644 shares during the last quarter. SG Americas Securities LLC raised its stake in BankUnited by 462.0% during the 4th quarter. SG Americas Securities LLC now owns 27,955 shares of the financial services provider's stock worth $1,067,000 after acquiring an additional 22,981 shares in the last quarter. Blue Trust Inc. raised its stake in BankUnited by 182.3% during the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock worth $31,000 after acquiring an additional 547 shares in the last quarter. KBC Group NV lifted its position in BankUnited by 87.8% in the fourth quarter. KBC Group NV now owns 4,028 shares of the financial services provider's stock valued at $154,000 after acquiring an additional 1,883 shares during the last quarter. Finally, R Squared Ltd acquired a new position in BankUnited in the fourth quarter valued at $113,000. 99.70% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at BankUnited

In related news, CFO Leslie Lunak sold 22,776 shares of BankUnited 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 transaction, the chief financial officer now directly owns 59,899 shares in the company, valued at $2,010,210.44. The trade was a 27.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Sanjiv Sobti bought 2,000 shares of the stock in a transaction on Tuesday, March 11th. The shares were bought at an average price of $32.07 per share, for a total transaction of $64,140.00. Following the acquisition, the director now owns 20,782 shares in the company, valued at $666,478.74. The trade was a 10.65% increase in their position. The disclosure for this purchase can be found here. 1.15% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Piper Sandler upgraded BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 target price on the stock in a research report on Tuesday, March 11th. Keefe, Bruyette & Woods dropped their price target 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. Barclays reduced their price objective on BankUnited from $44.00 to $38.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada decreased their price objective on BankUnited from $42.00 to $40.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. Finally, Wall Street Zen cut shares of BankUnited from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. One research 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, the stock presently has an average rating of "Hold" and an average target price of $40.42.

BankUnited Price Performance

Shares of BKU traded down $0.91 during mid-day trading on Wednesday, hitting $34.08. The company's stock had a trading volume of 822,723 shares, compared to its average volume of 797,657. The firm has a 50-day simple moving average of $33.26 and a 200 day simple moving average of $37.05. The firm has a market capitalization of $2.56 billion, a P/E ratio of 11.06 and a beta of 1.29. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. BankUnited, Inc. has a 1-year low of $26.78 and a 1-year high of $44.45.

BankUnited (NYSE:BKU - Get Free Report) last issued its earnings results on Monday, April 28th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. The company had revenue of $255.41 million for the quarter, compared to analyst estimates of $264.35 million. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same period in the previous year, the firm earned $0.64 EPS. Analysts predict that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were given a dividend of $0.31 per share. This is a positive change from BankUnited's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 3.64%. The ex-dividend date was Friday, April 11th. BankUnited's dividend payout ratio is presently 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.