XTX Topco Ltd Takes $379,000 Position in BankUnited, Inc. (NYSE:BKU)

Key Points

• XTX Topco Ltd made a new investment of approximately $379,000 in BankUnited, acquiring 10,998 shares in the first quarter.
• BankUnited reported $0.91 earnings per share (EPS) for the last quarter, exceeding analysts' expectations, and had a revenue of $273.93 million.
• The company declared a quarterly dividend of $0.31 per share, which translates to an annualized yield of 3.4%.

XTX Topco Ltd bought a new position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,998 shares of the financial services provider's stock, valued at approximately $379,000.

Several other large investors also recently bought and sold shares of BKU. Versant Capital Management Inc boosted its position in BankUnited by 165.5% during the 1st quarter. Versant Capital Management Inc now owns 1,885 shares of the financial services provider's stock valued at $65,000 after acquiring an additional 1,175 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in BankUnited during the fourth quarter worth $73,000. Marshall Wace LLP acquired a new stake in BankUnited during the fourth quarter worth $216,000. GTS Securities LLC purchased a new position in shares of BankUnited during the fourth quarter worth $261,000. Finally, James Investment Research Inc. acquired a new position in shares of BankUnited in the first quarter worth $245,000. Institutional investors own 99.70% of the company's stock.

Insider Transactions at BankUnited

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BKU. Barclays raised their price objective on shares of BankUnited from $41.00 to $43.00 and gave the company an "equal weight" rating in a report on Thursday, July 24th. Wall Street Zen raised shares of BankUnited from a "sell" rating to a "hold" rating in a research report on Saturday, July 26th. Wells Fargo & Company boosted their price target on shares of BankUnited from $42.00 to $45.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Royal Bank Of Canada reaffirmed a "sector perform" rating on shares of BankUnited in a report on Thursday, July 24th. Finally, Citigroup upped their target price on shares of BankUnited from $36.00 to $38.00 and gave the company a "neutral" rating in a report on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $41.55.

BankUnited Trading Up 1.0%

NYSE BKU traded up $0.38 during trading hours on Wednesday, hitting $37.61. 119,173 shares of the company's stock were exchanged, compared to its average volume of 824,985. The business's 50 day moving average is $36.19 and its 200-day moving average is $35.53. BankUnited, Inc. has a 12-month low of $28.21 and a 12-month high of $44.45. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market capitalization of $2.83 billion, a P/E ratio of 11.04 and a beta of 1.32.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The financial services provider reported $0.91 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.12. The company had revenue of $273.93 million during the quarter, compared to analysts' expectations of $267.17 million. BankUnited had a net margin of 13.19% and a return on equity of 9.00%. During the same period in the prior year, the company posted $0.72 EPS. As a group, analysts anticipate that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 31st. Stockholders of record on Friday, July 11th were given a dividend of $0.31 per share. 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 is currently 36.36%.

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.