Point72 Asset Management L.P. Makes New Investment in BankUnited, Inc. (NYSE:BKU)

Point72 Asset Management L.P. bought a new stake in BankUnited, Inc. (NYSE:BKU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of BKU. Blue Trust Inc. increased its holdings in shares of BankUnited by 182.3% in the fourth 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. increased its holdings in shares of BankUnited by 42.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock valued at $53,000 after purchasing an additional 410 shares during the period. Smartleaf Asset Management LLC increased its holdings in shares of BankUnited by 270.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,927 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 1,407 shares during the period. R Squared Ltd acquired a new position in shares of BankUnited in the fourth quarter valued at approximately $113,000. Finally, KBC Group NV increased its holdings in shares of 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 purchasing an additional 1,883 shares during the period. Institutional investors and hedge funds own 99.70% of the company's stock.

Insider Activity

In related news, Director Sanjiv Sobti acquired 1,000 shares of BankUnited stock in a transaction dated Thursday, March 13th. The shares were acquired at an average cost of $32.83 per share, for a total transaction of $32,830.00. Following the completion of the transaction, the director now directly owns 21,782 shares of the company's stock, valued at $715,103.06. The trade was a 4.81% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, 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 value of $113,772.12. Following the completion of the sale, the insider now owns 12,250 shares in the company, valued at $430,955. This represents 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.

Analyst Ratings Changes

BKU has been the topic of a number of recent research reports. Royal Bank of Canada dropped their target price on BankUnited from $42.00 to $40.00 and set a "sector perform" rating on the stock in a report on Tuesday, April 29th. Wells Fargo & Company dropped their price objective on BankUnited from $50.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. Jefferies Financial Group started coverage on BankUnited in a report on Wednesday. They set a "hold" rating and a $39.00 price objective on the stock. Barclays dropped their price objective on BankUnited from $44.00 to $38.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Finally, The Goldman Sachs Group dropped their price objective on BankUnited from $38.00 to $34.00 and set a "sell" rating on the stock in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $40.42.

BankUnited Price Performance

BKU traded up $0.12 during trading on Friday, reaching $34.55. 548,596 shares of the stock were exchanged, compared to its average volume of 797,477. The business's 50 day moving average price is $33.26 and its two-hundred day moving average price is $37.10. 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 company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 11.22 and a beta of 1.29. 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 posted 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. The company had revenue of $255.41 million for the quarter, compared to the consensus estimate of $264.35 million. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same period in the previous year, the business earned $0.64 earnings per share. As a group, equities research analysts anticipate that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were given a $0.31 dividend. This is an increase from BankUnited's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 3.59%. The ex-dividend date was Friday, April 11th. BankUnited's dividend payout ratio is currently 38.51%.

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.