Interval Partners LP Invests $3.51 Million in BankUnited, Inc. (NYSE:BKU)

Interval Partners LP purchased a new stake in BankUnited, Inc. (NYSE:BKU - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 91,874 shares of the financial services provider's stock, valued at approximately $3,507,000. Interval Partners LP owned 0.12% of BankUnited as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Nomura Asset Management Co. Ltd. raised its stake in 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 buying an additional 410 shares during the period. Summit Investment Advisors Inc. raised its stake in BankUnited by 6.8% during 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 period. Blue Trust Inc. raised its stake in 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 buying an additional 547 shares during the period. Atria Investments Inc raised its stake in BankUnited by 7.2% during the 4th quarter. Atria Investments Inc now owns 8,230 shares of the financial services provider's stock worth $314,000 after buying an additional 555 shares during the period. Finally, Bank of Montreal Can increased its holdings in BankUnited by 4.1% during the 4th quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider's stock worth $579,000 after purchasing an additional 593 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company's stock.

Insider Activity

In other BankUnited news, CFO Leslie Lunak sold 22,776 shares of the firm's stock in a transaction 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 directly owns 59,899 shares of the company's stock, valued at $2,010,210.44. This trade represents a 27.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Kevin A. Malcolm sold 3,234 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $35.18, for a total transaction of $113,772.12. Following the completion of the transaction, the insider now directly owns 12,250 shares of the company's stock, valued at approximately $430,955. The trade was a 20.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.15% of the company's stock.

BankUnited Stock Up 0.2%

Shares of NYSE BKU traded up $0.08 during trading on Friday, hitting $36.37. 355,555 shares of the company traded hands, compared to its average volume of 793,607. The business's fifty day moving average is $33.06 and its 200 day moving average is $37.13. BankUnited, Inc. has a fifty-two week low of $26.78 and a fifty-two week high of $44.45. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 11.82 and a beta of 1.29. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86.

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

BankUnited Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were given a dividend of $0.31 per share. 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 dividend yield of 3.41%. The ex-dividend date of this dividend was Friday, April 11th. BankUnited's dividend payout ratio is currently 38.51%.

Analyst Upgrades and Downgrades

BKU has been the subject of a number of research reports. StockNews.com cut BankUnited from a "buy" rating to a "hold" rating in a report on Tuesday, March 18th. Barclays lowered their target price on BankUnited from $44.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Piper Sandler upgraded BankUnited from a "neutral" rating to an "overweight" rating and set a $41.00 price target for the company in a report on Tuesday, March 11th. Hovde Group reduced their price objective on BankUnited from $46.00 to $44.00 and set an "outperform" rating for the company in a report on Tuesday, March 25th. Finally, The Goldman Sachs Group dropped their price target on shares of BankUnited from $38.00 to $34.00 and set a "sell" rating for the company in a research report on Wednesday, April 30th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, BankUnited has a consensus rating of "Hold" and an average target price of $40.55.

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.