Graham Capital Management L.P. Grows Stock Holdings in BankUnited, Inc. (NYSE:BKU)

Graham Capital Management L.P. boosted its holdings in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 378.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,039 shares of the financial services provider's stock after acquiring an additional 42,740 shares during the period. Graham Capital Management L.P. owned about 0.07% of BankUnited worth $2,063,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the business. Nomura Asset Management Co. Ltd. lifted its stake in shares of BankUnited by 42.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,380 shares of the financial services provider's stock worth $53,000 after purchasing an additional 410 shares during the last quarter. Summit Investment Advisors Inc. grew its position in shares of BankUnited by 6.8% in the 4th quarter. Summit Investment Advisors Inc. now owns 7,802 shares of the financial services provider's stock worth $298,000 after buying an additional 495 shares during the last quarter. Blue Trust Inc. raised its stake in shares of BankUnited by 182.3% during the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider's stock worth $31,000 after acquiring an additional 547 shares in the last quarter. Atria Investments Inc lifted its position in BankUnited by 7.2% during the fourth quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider's stock valued at $314,000 after acquiring an additional 555 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in BankUnited by 4.1% in the fourth quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider's stock valued at $579,000 after acquiring an additional 593 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company's stock.

Insider Activity at BankUnited

In other BankUnited news, Director Sanjiv Sobti bought 1,000 shares of the stock in a transaction on Thursday, March 13th. The shares were bought at an average price 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. This trade represents a 4.81% increase in their position. The transaction was disclosed in a legal 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 stock was sold at an average price of $35.18, for a total transaction of $113,772.12. Following the sale, the insider now directly owns 12,250 shares of the company's stock, valued at $430,955. The trade was a 20.89% decrease in their position. The disclosure for this sale can be found here. 1.15% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BKU. Piper Sandler upgraded BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price objective for the company in a report on Tuesday, March 11th. StockNews.com downgraded BankUnited from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Hovde Group decreased their price objective on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a research report on Tuesday, March 25th. 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. Finally, Wells Fargo & Company decreased their price target on shares of BankUnited from $50.00 to $42.00 and set an "overweight" rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $40.55.

BankUnited Price Performance

Shares of BankUnited stock traded up $0.30 during trading hours on Thursday, reaching $36.25. The stock had a trading volume of 664,726 shares, compared to its average volume of 794,602. The stock's 50 day moving average is $32.96 and its 200 day moving average is $37.13. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. BankUnited, Inc. has a twelve month low of $26.78 and a twelve month high of $44.45. The firm has a market capitalization of $2.73 billion, a PE ratio of 11.77 and a beta of 1.29.

BankUnited (NYSE:BKU - Get Free Report) last announced its earnings results on Monday, April 28th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.74 by $0.04. The firm had revenue of $255.41 million for the quarter, compared to analyst estimates of $264.35 million. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter last year, the firm posted $0.64 EPS. Equities analysts expect that BankUnited, Inc. will post 3.13 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend was Friday, April 11th. This is an increase from BankUnited's previous quarterly dividend of $0.29. BankUnited's dividend payout ratio is 38.51%.

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.