Two Sigma Investments LP Has $3.94 Million Stock Holdings in BankUnited, Inc. (NYSE:BKU)

Two Sigma Investments LP lowered its holdings in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 19.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,161 shares of the financial services provider's stock after selling 24,132 shares during the period. Two Sigma Investments LP owned about 0.14% of BankUnited worth $3,938,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Blue Trust Inc. boosted its stake 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 valued at $31,000 after purchasing an additional 547 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake 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 valued at $53,000 after purchasing an additional 410 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of BankUnited in the 4th quarter valued at $73,000. Smartleaf Asset Management LLC boosted its stake 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 valued at $74,000 after purchasing an additional 1,407 shares in the last quarter. Finally, R Squared Ltd acquired a new stake in shares of BankUnited in the 4th quarter valued at $113,000. Institutional investors and hedge funds own 99.70% of the company's stock.

BankUnited Trading Down 0.9%

NYSE:BKU traded down $0.29 on Monday, hitting $33.69. 696,451 shares of the stock were exchanged, compared to its average volume of 800,671. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 10.94 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 quick ratio of 0.88 and a current ratio of 0.86. The company's 50-day moving average price is $33.15 and its 200 day moving average price is $36.85.

BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings data on Monday, April 28th. The financial services provider reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.04. The firm had revenue of $255.41 million during the quarter, compared to analysts' expectations 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 posted $0.64 EPS. On average, equities research analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The company also recently disclosed 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 is a boost from BankUnited's previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a yield of 3.68%. The ex-dividend date was Friday, April 11th. BankUnited's payout ratio is currently 38.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on BKU shares. Hovde Group reduced their target price on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Barclays reduced their target price on shares of BankUnited from $44.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Piper Sandler upgraded shares of BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 target price on the stock in a research note on Tuesday, March 11th. Royal Bank of Canada reduced their price target on shares of BankUnited from $42.00 to $40.00 and set a "sector perform" rating on the stock in a research report on Tuesday, April 29th. Finally, Wall Street Zen downgraded shares of BankUnited from a "buy" rating to a "hold" rating in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $40.42.

Insiders Place Their Bets

In related news, Director Sanjiv Sobti purchased 1,000 shares of the stock in a transaction dated Thursday, March 13th. The stock was bought at an average cost of $32.83 per share, with a total value of $32,830.00. Following the purchase, the director now directly owns 21,782 shares in the company, valued at $715,103.06. The trade was a 4.81% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Leslie Lunak sold 22,776 shares of the company's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $33.56, for a total value of $764,362.56. Following the completion of the sale, the chief financial officer now directly owns 59,899 shares of the company's stock, valued at approximately $2,010,210.44. This trade represents a 27.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 27,010 shares of company stock valued at $912,565. 1.15% of the stock is currently owned by 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.