Voloridge Investment Management LLC Purchases 45,648 Shares of BankUnited, Inc. (NYSE:BKU)

Voloridge Investment Management LLC increased its holdings in BankUnited, Inc. (NYSE:BKU - Free Report) by 14.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 351,108 shares of the financial services provider's stock after buying an additional 45,648 shares during the period. Voloridge Investment Management LLC owned 0.47% of BankUnited worth $13,402,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of BankUnited by 12.9% in the fourth quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider's stock worth $107,696,000 after purchasing an additional 322,368 shares during the last quarter. Bank of Montreal Can raised its holdings in BankUnited by 4.1% in the 4th quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider's stock worth $579,000 after acquiring an additional 593 shares during the last quarter. Principal Financial Group Inc. raised its stake in BankUnited by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider's stock valued at $13,836,000 after buying an additional 10,064 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of BankUnited during the 4th quarter valued at $766,000. Finally, Vanguard Group Inc. grew its position in shares of BankUnited by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider's stock valued at $366,392,000 after acquiring an additional 181,493 shares during the period. Hedge funds and other institutional investors own 99.70% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BKU. Royal Bank of Canada decreased 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 note on Tuesday, April 29th. 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 research note on Tuesday, April 8th. The Goldman Sachs Group lowered their target price on shares of BankUnited from $38.00 to $34.00 and set a "sell" rating for the company in a research note on Wednesday, April 30th. Hovde Group reduced their target price on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. 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 research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, BankUnited currently has an average rating of "Hold" and an average price target of $40.42.

Insider Buying and Selling at BankUnited

In other news, 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 $430,955. This trade represents a 20.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Leslie Lunak sold 22,776 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 59,899 shares of the company's stock, valued at approximately $2,010,210.44. This represents a 27.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.15% of the company's stock.

BankUnited Stock Performance

BankUnited stock traded down $0.01 during trading hours on Thursday, reaching $34.06. 98,692 shares of the company were exchanged, compared to its average volume of 796,145. The firm has a market cap of $2.56 billion, a price-to-earnings ratio of 11.04 and a beta of 1.29. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. The stock has a 50-day moving average of $33.25 and a 200 day moving average of $37.03. BankUnited, Inc. has a 12 month low of $26.78 and a 12 month 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. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. The business had revenue of $255.41 million during the quarter, compared to analyst estimates of $264.35 million. During the same period in the prior year, the company posted $0.64 earnings per share. As a group, research analysts anticipate that BankUnited, Inc. will post 3.13 earnings per share 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 given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, April 11th. This is an increase from BankUnited's previous quarterly dividend of $0.29. This represents a $1.24 dividend on an annualized basis and a yield of 3.64%. BankUnited's dividend payout ratio is presently 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.