Point72 Asset Management L.P. Buys Shares of 180,867 BankUnited, Inc. (NYSE:BKU)

Point72 Asset Management L.P. bought a new stake in shares of BankUnited, Inc. (NYSE:BKU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 180,867 shares of the financial services provider's stock, valued at approximately $6,904,000. Point72 Asset Management L.P. owned 0.24% of BankUnited as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Blue Trust Inc. grew its position in shares of BankUnited by 182.3% in the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock worth $31,000 after buying an additional 547 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position 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 buying an additional 410 shares during the last quarter. Smartleaf Asset Management LLC grew its position 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 buying an additional 1,407 shares during the last quarter. R Squared Ltd purchased a new stake in BankUnited during the 4th quarter worth approximately $113,000. Finally, KBC Group NV grew its position in BankUnited by 87.8% during the 4th quarter. KBC Group NV now owns 4,028 shares of the financial services provider's stock worth $154,000 after purchasing an additional 1,883 shares during the last quarter. Hedge funds and other institutional investors own 99.70% of the company's stock.

BankUnited Stock Performance

NYSE:BKU opened at $36.10 on Tuesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The company has a fifty day moving average of $33.20 and a two-hundred day moving average of $37.16. The stock has a market capitalization of $2.72 billion, a PE ratio of 11.72 and a beta of 1.29. BankUnited, Inc. has a fifty-two week low of $26.78 and a fifty-two week 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, beating analysts' consensus estimates of $0.74 by $0.04. The business had revenue of $255.41 million during the quarter, compared to analysts' expectations 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 prior year, the business earned $0.64 earnings per share. As a group, research analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.43%. This is a boost from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, April 11th. BankUnited's dividend payout ratio is 38.51%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BKU. The Goldman Sachs Group dropped their target price on shares of BankUnited from $38.00 to $34.00 and set a "sell" rating on the stock in a research report on Wednesday, April 30th. Barclays dropped their price objective on shares of BankUnited from $44.00 to $38.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Royal Bank of Canada dropped their price objective on shares of BankUnited from $42.00 to $40.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. Piper Sandler raised shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price target on the stock in a report on Tuesday, March 11th. Finally, Wells Fargo & Company lowered their price target on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $40.55.

Insider Activity

In related news, CFO Leslie Lunak sold 22,776 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were 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 now directly owns 59,899 shares in the company, valued at approximately $2,010,210.44. This trade represents a 27.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kevin A. Malcolm sold 3,234 shares of the firm's stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total transaction of $113,772.12. Following the sale, the insider now owns 12,250 shares of the company's stock, valued at approximately $430,955. The trade was a 20.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.15% of the company's stock.

About BankUnited

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.

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