Tudor Investment Corp ET AL Purchases Shares of 72,214 BankUnited, Inc. (NYSE:BKU)

Tudor Investment Corp ET AL purchased a new stake in BankUnited, Inc. (NYSE:BKU - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 72,214 shares of the financial services provider's stock, valued at approximately $2,756,000. Tudor Investment Corp ET AL owned approximately 0.10% of BankUnited as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its position in shares of BankUnited by 48.3% during the third quarter. Barclays PLC now owns 183,240 shares of the financial services provider's stock worth $6,677,000 after purchasing an additional 59,644 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of BankUnited by 5.3% in the third quarter. Franklin Resources Inc. now owns 56,974 shares of the financial services provider's stock valued at $2,097,000 after acquiring an additional 2,856 shares during the period. GAMMA Investing LLC grew its position in shares of BankUnited by 9.2% during the fourth quarter. GAMMA Investing LLC now owns 5,063 shares of the financial services provider's stock worth $193,000 after acquiring an additional 426 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of BankUnited by 1.6% in the 4th quarter. Nordea Investment Management AB now owns 103,208 shares of the financial services provider's stock valued at $3,950,000 after acquiring an additional 1,595 shares during the period. Finally, Harbour Capital Advisors LLC purchased a new stake in BankUnited in the 4th quarter valued at $292,000. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at BankUnited

In other news, Director Sanjiv Sobti bought 1,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average price of $32.83 per share, with a total value of $32,830.00. Following the purchase, the director now owns 21,782 shares of the company's stock, valued at $715,103.06. This trade represents a 4.81 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kevin A. Malcolm sold 3,234 shares of BankUnited stock in a transaction dated 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 owns 12,250 shares of the company's stock, valued at approximately $430,955. This trade represents 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 currently owned by insiders.

BankUnited Price Performance

BankUnited stock traded down $0.11 during mid-day trading on Monday, reaching $33.69. The company had a trading volume of 489,038 shares, compared to its average volume of 787,071. The stock's 50-day simple moving average is $33.09 and its 200-day simple moving average is $37.18. The company has a market capitalization of $2.54 billion, a P/E ratio of 10.94 and a beta of 1.20. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.86 and a quick ratio of 0.88. BankUnited, Inc. has a 1 year low of $26.78 and a 1 year high of $44.45.

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

BankUnited Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 3.68%. This is a boost from BankUnited's previous quarterly dividend of $0.29. The ex-dividend date was Friday, April 11th. BankUnited's dividend payout ratio is presently 38.51%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on BKU shares. Keefe, Bruyette & Woods lowered their price target 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 target price on BankUnited from $50.00 to $42.00 and set an "overweight" rating on the stock in a report on Wednesday, April 9th. The Goldman Sachs Group cut their price target on BankUnited from $38.00 to $34.00 and set a "sell" rating for the company in a research note on Wednesday, April 30th. Hovde Group dropped their price objective on shares of BankUnited from $46.00 to $44.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 25th. Finally, Barclays reduced 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 note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price 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.