SG Americas Securities LLC Sells 40,294 Shares of BankUnited, Inc. (NYSE:BKU)

SG Americas Securities LLC reduced its stake in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 85.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,727 shares of the financial services provider's stock after selling 40,294 shares during the period. SG Americas Securities LLC's holdings in BankUnited were worth $218,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nordea Investment Management AB increased its holdings in shares of BankUnited by 24.6% in the 4th quarter. Nordea Investment Management AB now owns 124,072 shares of the financial services provider's stock valued at $4,042,000 after acquiring an additional 24,498 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of BankUnited during the 3rd quarter valued at about $1,163,000. Aurora Investment Counsel grew its position in shares of BankUnited by 7.5% during the 3rd quarter. Aurora Investment Counsel now owns 48,583 shares of the financial services provider's stock valued at $1,103,000 after buying an additional 3,394 shares during the last quarter. Graham Capital Management L.P. raised its stake in BankUnited by 272.2% during the third quarter. Graham Capital Management L.P. now owns 132,681 shares of the financial services provider's stock worth $3,012,000 after acquiring an additional 97,034 shares during the period. Finally, Comerica Bank bought a new position in BankUnited in the third quarter worth about $819,000. Institutional investors own 99.70% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BKU. UBS Group cut BankUnited from a "neutral" rating to a "sell" rating and set a $29.00 price target on the stock. in a research report on Monday, January 8th. Citigroup reduced their price target on shares of BankUnited from $34.00 to $33.00 and set a "neutral" rating for the company in a report on Monday, January 29th. Wells Fargo & Company upped their price target on shares of BankUnited from $26.00 to $28.00 and gave the stock an "equal weight" rating in a research report on Monday, January 29th. Barclays initiated coverage on shares of BankUnited in a research report on Friday, March 8th. They issued an "equal weight" rating and a $29.00 price objective on the stock. Finally, JPMorgan Chase & Co. decreased their target price on shares of BankUnited from $35.00 to $33.00 and set a "neutral" rating for the company in a research report on Thursday, April 4th. Three investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $30.44.

Insider Activity at BankUnited

In other BankUnited news, insider Kevin A. Malcolm sold 2,285 shares of the business's stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $27.18, for a total transaction of $62,106.30. Following the sale, the insider now owns 11,750 shares in the company, valued at approximately $319,365. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.09% of the stock is currently owned by corporate insiders.

BankUnited Price Performance

NYSE BKU traded down $0.34 on Friday, reaching $25.25. 550,449 shares of the stock traded hands, compared to its average volume of 716,939. BankUnited, Inc. has a 12 month low of $15.83 and a 12 month high of $34.22. The company has a market cap of $1.89 billion, a price-to-earnings ratio of 10.61 and a beta of 1.36. The firm's fifty day simple moving average is $26.83 and its 200 day simple moving average is $26.92. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.98.

BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.42). BankUnited had a net margin of 9.19% and a return on equity of 8.38%. The business had revenue of $500.30 million for the quarter, compared to the consensus estimate of $244.11 million. During the same quarter last year, the business posted $0.82 EPS. As a group, research analysts predict that BankUnited, Inc. will post 2.65 EPS for the current fiscal year.

BankUnited Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Stockholders of record on Friday, April 12th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.59%. This is an increase from BankUnited's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, April 11th. BankUnited's dividend payout ratio is currently 48.74%.

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.