Schonfeld Strategic Advisors LLC Acquires New Holdings in BankUnited, Inc. (NYSE:BKU)

Schonfeld Strategic Advisors LLC purchased a new stake in shares of BankUnited, Inc. (NYSE:BKU - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 60,640 shares of the financial services provider's stock, valued at approximately $2,315,000. Schonfeld Strategic Advisors LLC owned approximately 0.08% of BankUnited at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Cramer Rosenthal Mcglynn LLC acquired a new position in shares of BankUnited in the fourth quarter worth approximately $18,663,000. JPMorgan Chase & Co. grew its holdings in shares of BankUnited by 12.9% during the fourth quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider's stock valued at $107,696,000 after buying an additional 322,368 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of BankUnited by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider's stock valued at $366,392,000 after purchasing an additional 181,493 shares in the last quarter. Barclays PLC lifted its stake in BankUnited by 74.1% during the 4th quarter. Barclays PLC now owns 318,958 shares of the financial services provider's stock valued at $12,174,000 after acquiring an additional 135,718 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of BankUnited by 17.0% during the fourth quarter. Northern Trust Corp now owns 875,450 shares of the financial services provider's stock valued at $33,416,000 after purchasing an additional 127,159 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors and hedge funds.

BankUnited Trading Up 1.9 %

Shares of BKU opened at $33.84 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $2.55 billion, a P/E ratio of 10.99 and a beta of 1.20. BankUnited, Inc. has a twelve month low of $26.78 and a twelve month high of $44.45. The firm has a fifty day simple moving average of $33.16 and a two-hundred day simple moving average of $37.20.

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

BankUnited Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 30th. Shareholders of record on Friday, April 11th were issued a dividend of $0.31 per share. This is an increase from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Friday, April 11th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.66%. BankUnited's dividend payout ratio is 38.51%.

Insiders Place Their Bets

In other news, Director Sanjiv Sobti bought 1,000 shares of the firm's stock in a transaction on Thursday, March 13th. The stock was acquired at an average cost of $32.83 per share, with a total value of $32,830.00. Following the completion of the acquisition, the director now owns 21,782 shares of the company's stock, valued at approximately $715,103.06. This represents a 4.81 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kevin A. Malcolm sold 3,234 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the insider now 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. 1.15% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

BKU has been the topic of several research analyst reports. Hovde Group cut their price objective on BankUnited from $46.00 to $44.00 and set an "outperform" rating on the stock in a research report on Tuesday, March 25th. Keefe, Bruyette & Woods dropped their price objective on BankUnited from $40.00 to $38.00 and set a "market perform" rating on the stock in a report on Wednesday, April 30th. Wells Fargo & Company dropped their price objective on BankUnited from $50.00 to $42.00 and set an "overweight" rating for the company in a research note on Wednesday, April 9th. Barclays dropped their target price on shares of BankUnited from $44.00 to $38.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, Royal Bank of Canada cut their price objective on BankUnited from $42.00 to $40.00 and set a "sector perform" rating for the company in a report on Tuesday, April 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, BankUnited has a consensus rating of "Hold" and a consensus price target of $40.55.

BankUnited 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.

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