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

Neo Ivy Capital Management lessened its holdings in BankUnited, Inc. (NYSE:BKU - Free Report) by 76.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 reporting period.

Other large investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its holdings in BankUnited by 42.3% during 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 during the last quarter. Summit Investment Advisors Inc. raised its holdings in BankUnited by 6.8% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider's stock worth $298,000 after purchasing an additional 495 shares during the last quarter. Blue Trust Inc. raised its holdings 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 purchasing an additional 547 shares during the last quarter. Atria Investments Inc raised its holdings in BankUnited by 7.2% during the 4th quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider's stock worth $314,000 after purchasing an additional 555 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in BankUnited by 4.1% during the 4th quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider's stock worth $579,000 after purchasing an additional 593 shares during the last quarter. Institutional investors own 99.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on BKU shares. Jefferies Financial Group started coverage on shares of BankUnited in a report on Wednesday, May 21st. They set a "hold" rating and a $39.00 price target for the company. Hovde Group reduced their price objective 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. Barclays reduced their price objective on shares of BankUnited from $44.00 to $38.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. 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 research report on Wednesday, April 30th. Finally, 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 research report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $40.42.

BankUnited Stock Performance

Shares of NYSE BKU traded up $0.42 during mid-day trading on Tuesday, reaching $34.96. 817,308 shares of the company's stock were exchanged, compared to its average volume of 797,556. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 11.35 and a beta of 1.29. BankUnited, Inc. has a 52 week low of $26.78 and a 52 week high of $44.45. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. The firm has a 50-day moving average price of $33.25 and a two-hundred day moving average price of $37.07.

BankUnited (NYSE:BKU - Get Free Report) last released its 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 return on equity of 8.48% and a net margin of 11.48%. The company had revenue of $255.41 million for the quarter, compared to analysts' expectations of $264.35 million. During the same period in the previous year, the business posted $0.64 EPS. Analysts predict that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were paid a $0.31 dividend. This is a boost from BankUnited's previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date of this dividend was Friday, April 11th. BankUnited's payout ratio is currently 38.51%.

Insider Activity at BankUnited

In other news, CFO Leslie Lunak sold 22,776 shares of the business's stock in a transaction dated 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 owns 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sanjiv Sobti bought 1,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was purchased at an average cost of $32.83 per share, with a total value of $32,830.00. Following the purchase, the director now owns 21,782 shares of the company's stock, valued at $715,103.06. This represents a 4.81% increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.15% of the stock is currently owned by company 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.