Jackson Creek Investment Advisors LLC Acquires New Position in BankUnited, Inc. (NYSE:BKU)

Jackson Creek Investment Advisors LLC acquired a new position in shares of BankUnited, Inc. (NYSE:BKU - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 40,268 shares of the financial services provider's stock, valued at approximately $1,306,000. BankUnited makes up 0.5% of Jackson Creek Investment Advisors LLC's investment portfolio, making the stock its 25th largest holding. Jackson Creek Investment Advisors LLC owned 0.05% of BankUnited at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Jennison Associates LLC lifted its stake in BankUnited by 54.3% in the 4th quarter. Jennison Associates LLC now owns 1,459,268 shares of the financial services provider's stock valued at $47,324,000 after purchasing an additional 513,342 shares during the last quarter. FMR LLC lifted its position in shares of BankUnited by 23.2% in the third quarter. FMR LLC now owns 1,539,176 shares of the financial services provider's stock valued at $34,939,000 after buying an additional 290,232 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of BankUnited by 482.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 285,754 shares of the financial services provider's stock worth $6,487,000 after acquiring an additional 236,706 shares during the period. Knights of Columbus Asset Advisors LLC acquired a new position in shares of BankUnited during the 4th quarter worth approximately $5,657,000. Finally, Schonfeld Strategic Advisors LLC raised its stake in BankUnited by 84.6% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 262,741 shares of the financial services provider's stock valued at $5,964,000 after acquiring an additional 120,441 shares during the period. Institutional investors and hedge funds own 99.70% of the company's stock.

Insider Transactions at BankUnited

In related news, insider Kevin A. Malcolm sold 2,285 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $27.18, for a total value of $62,106.30. Following the completion of the transaction, the insider now owns 11,750 shares of the company's stock, valued at approximately $319,365. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 1.19% of the company's stock.

BankUnited Price Performance

NYSE BKU traded down $0.64 during midday trading on Tuesday, hitting $26.71. The company had a trading volume of 684,589 shares, compared to its average volume of 884,829. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.48. BankUnited, Inc. has a twelve month low of $15.83 and a twelve month high of $34.22. The company has a market capitalization of $2.00 billion, a PE ratio of 11.51 and a beta of 1.36. The firm has a 50-day moving average price of $26.86 and a 200-day moving average price of $27.30.

BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. The firm had revenue of $508.35 million for the quarter, compared to the consensus estimate of $239.84 million. During the same period in the prior year, the company posted $0.70 earnings per share. As a group, analysts anticipate that BankUnited, Inc. will post 2.73 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 12th will be paid a dividend of $0.29 per share. This is an increase from BankUnited's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Thursday, April 11th. This represents a $1.16 annualized dividend and a yield of 4.34%. BankUnited's payout ratio is presently 50.00%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of BankUnited from $26.00 to $28.00 and gave the company an "equal weight" rating in a report on Monday, January 29th. Keefe, Bruyette & Woods cut their price objective on shares of BankUnited from $33.00 to $31.00 and set a "market perform" rating for the company in a research report on Thursday, April 18th. Royal Bank of Canada reduced their price objective on BankUnited from $33.00 to $29.00 and set a "sector perform" rating for the company in a report on Tuesday, April 9th. Barclays began coverage on BankUnited in a report on Friday, March 8th. They set an "equal weight" rating and a $29.00 price target for the company. Finally, Wedbush decreased their price objective on BankUnited from $34.00 to $31.00 and set a "neutral" rating on the stock in a report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.50.

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.