Wolverine Asset Management LLC Has $734,000 Stake in BankUnited, Inc. (NYSE:BKU)

Key Points

• Wolverine Asset Management LLC increased its stake in BankUnited, Inc. by 216.9%, owning a total of 21,326 shares worth approximately $734,000.
• Several hedge funds have acquired significant positions in BankUnited, contributing to 99.70% of the company's stock being owned by institutional investors.
• BankUnited recently reported earnings of $0.91 per share, exceeding analysts' estimates, and announced a quarterly dividend of $0.31 per share.

Wolverine Asset Management LLC raised its position in BankUnited, Inc. (NYSE:BKU - Free Report) by 216.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,326 shares of the financial services provider's stock after acquiring an additional 14,596 shares during the period. Wolverine Asset Management LLC's holdings in BankUnited were worth $734,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its stake in shares of BankUnited by 165.5% in the 1st quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider's stock valued at $65,000 after purchasing an additional 1,175 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of BankUnited in the 4th quarter valued at approximately $73,000. Headlands Technologies LLC grew its stake in shares of BankUnited by 697.4% in the 1st quarter. Headlands Technologies LLC now owns 2,464 shares of the financial services provider's stock valued at $85,000 after purchasing an additional 2,155 shares during the period. Marshall Wace LLP bought a new stake in shares of BankUnited in the 4th quarter valued at approximately $216,000. Finally, James Investment Research Inc. bought a new stake in shares of BankUnited in the 1st quarter valued at approximately $245,000. Institutional investors and hedge funds own 99.70% of the company's stock.

BankUnited Trading Down 0.2%

Shares of BKU stock traded down $0.09 during trading hours on Thursday, reaching $37.93. The company had a trading volume of 195,024 shares, compared to its average volume of 824,253. The firm has a market cap of $2.85 billion, a price-to-earnings ratio of 11.11 and a beta of 1.32. BankUnited, Inc. has a 1-year low of $28.21 and a 1-year high of $44.45. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.84 and a quick ratio of 0.84. The company has a 50 day moving average of $36.28 and a 200 day moving average of $35.55.

BankUnited (NYSE:BKU - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.79 by $0.12. The business had revenue of $273.93 million for the quarter, compared to the consensus estimate of $267.17 million. BankUnited had a return on equity of 9.00% and a net margin of 13.19%. During the same quarter last year, the business posted $0.72 EPS. On average, equities research analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were issued a $0.31 dividend. The ex-dividend date was Friday, July 11th. This represents a $1.24 annualized dividend and a dividend yield of 3.3%. BankUnited's dividend payout ratio (DPR) is presently 36.36%.

Analyst Ratings Changes

Several research firms have recently weighed in on BKU. Wall Street Zen upgraded BankUnited from a "sell" rating to a "hold" rating in a research note on Saturday, July 26th. Jefferies Financial Group initiated coverage on BankUnited in a research report on Wednesday, May 21st. They set a "hold" rating and a $39.00 price target on the stock. Piper Sandler restated a "neutral" rating and set a $43.00 price target (up from $41.00) on shares of BankUnited in a research report on Thursday, July 24th. Royal Bank Of Canada restated a "sector perform" rating on shares of BankUnited in a research report on Thursday, July 24th. Finally, Keefe, Bruyette & Woods increased their price target on BankUnited from $38.00 to $42.00 and gave the stock a "market perform" rating in a research report on Monday, July 28th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $41.55.

Insider Activity

In other news, Director John N. Digiacomo sold 1,000 shares of the firm's stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $34.43, for a total value of $34,430.00. Following the completion of the transaction, the director owned 14,516 shares in the company, valued at $499,785.88. This trade represents a 6.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Douglas J. Pauls sold 3,500 shares of the firm's stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $38.79, for a total value of $135,765.00. Following the completion of the transaction, the director owned 43,205 shares of the company's stock, valued at $1,675,921.95. The trade was a 7.49% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,442 shares of company stock worth $323,184 in the last quarter. Corporate insiders own 1.15% of the company's stock.

BankUnited 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.