Neo Ivy Capital Management Sells 41,355 Shares of BankUnited, Inc. (NYSE:BKU)

Neo Ivy Capital Management lowered its stake in BankUnited, Inc. (NYSE:BKU - Free Report) by 76.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,909 shares of the financial services provider's stock after selling 41,355 shares during the period. Neo Ivy Capital Management's holdings in BankUnited were worth $492,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted 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 valued at $31,000 after purchasing an additional 547 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in shares of BankUnited by 42.3% in the 4th 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BankUnited in the 4th quarter worth approximately $73,000. Smartleaf Asset Management LLC raised its holdings in shares of BankUnited by 270.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider's stock worth $74,000 after purchasing an additional 1,407 shares in the last quarter. Finally, R Squared Ltd bought a new stake in shares of BankUnited in the 4th quarter worth approximately $113,000. Institutional investors own 99.70% of the company's stock.

Insiders Place Their Bets

In other BankUnited news, insider Kevin A. Malcolm sold 3,234 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total transaction of $113,772.12. Following the transaction, the insider now owns 12,250 shares in the company, valued at approximately $430,955. This represents a 20.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Leslie Lunak sold 22,776 shares of the company's stock in a transaction 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 transaction, the chief financial officer now owns 59,899 shares in the company, valued at approximately $2,010,210.44. The trade was a 27.55% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.15% of the company's stock.

BankUnited Stock Down 0.1%

BKU traded down $0.03 during trading on Thursday, reaching $34.05. 119,224 shares of the stock were exchanged, compared to its average volume of 796,203. The stock has a market cap of $2.56 billion, a P/E ratio of 11.05 and a beta of 1.29. BankUnited, Inc. has a twelve month low of $26.78 and a twelve month high of $44.45. The stock's 50 day moving average price is $33.25 and its two-hundred day moving average price is $37.03. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86.

BankUnited (NYSE:BKU - Get Free Report) last issued its earnings results on Monday, April 28th. The financial services provider reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.74 by $0.04. The business had revenue of $255.41 million for the quarter, compared to the consensus estimate 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 company earned $0.64 earnings per share. Equities analysts expect that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.64%. This is a positive change from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date was Friday, April 11th. BankUnited's payout ratio is presently 38.51%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on BKU. Jefferies Financial Group began coverage on shares of BankUnited in a report on Wednesday, May 21st. They set a "hold" rating and a $39.00 price target on the stock. The Goldman Sachs Group decreased their target price on shares of BankUnited from $38.00 to $34.00 and set a "sell" rating for the company in a research report on Wednesday, April 30th. Hovde Group decreased their target price on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. Wall Street Zen downgraded shares of BankUnited from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Finally, Keefe, Bruyette & Woods decreased their price objective 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 research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $40.42.

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.