GAMMA Investing LLC Grows Position in BankUnited, Inc. (NYSE:BKU)

GAMMA Investing LLC grew its position in shares of BankUnited, Inc. (NYSE:BKU) by 9.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 5,063 shares of the financial services provider’s stock after buying an additional 426 shares during the period. GAMMA Investing LLC’s holdings in BankUnited were worth $193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in BKU. Millennium Management LLC raised its position in shares of BankUnited by 49.2% in the second quarter. Millennium Management LLC now owns 2,247,271 shares of the financial services provider’s stock worth $65,778,000 after acquiring an additional 740,896 shares during the period. Bank of Montreal Can raised its holdings in BankUnited by 3,901.0% in the 2nd quarter. Bank of Montreal Can now owns 574,068 shares of the financial services provider’s stock worth $16,803,000 after purchasing an additional 559,720 shares during the period. Basswood Capital Management L.L.C. purchased a new position in BankUnited during the third quarter worth approximately $17,745,000. Point72 Asset Management L.P. grew its holdings in BankUnited by 741.7% in the second quarter. Point72 Asset Management L.P. now owns 397,271 shares of the financial services provider’s stock valued at $11,628,000 after purchasing an additional 350,071 shares during the period. Finally, Federated Hermes Inc. increased its position in shares of BankUnited by 3,658.4% in the second quarter. Federated Hermes Inc. now owns 325,812 shares of the financial services provider’s stock valued at $9,537,000 after buying an additional 317,143 shares in the last quarter. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.11, for a total value of $421,527.58. Following the sale, the chief operating officer now owns 100,000 shares of the company’s stock, valued at $3,911,000. The trade was a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Jay D. Richards sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total value of $102,950.00. Following the transaction, the insider now owns 34,687 shares of the company’s stock, valued at approximately $1,428,410.66. This represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Wedbush increased their target price on BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. Citigroup decreased their price objective on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. The Goldman Sachs Group upped their price target on shares of BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. Compass Point lifted their price objective on BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Keefe, Bruyette & Woods raised their target price on BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $42.60.

BankUnited Stock Up 0.6 %

Shares of NYSE:BKU opened at $38.54 on Thursday. BankUnited, Inc. has a 52-week low of $24.34 and a 52-week high of $44.45. The stock has a market cap of $2.88 billion, a P/E ratio of 15.80 and a beta of 1.38. The business has a fifty day moving average of $39.75 and a two-hundred day moving average of $36.76. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28.

BankUnited (NYSE:BKU) last issued its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. The company had revenue of $515.24 million for the quarter, compared to the consensus estimate of $258.65 million. During the same period in the previous year, the firm earned $0.63 earnings per share. On average, research analysts expect that BankUnited, Inc. will post 2.89 earnings per share for the current year.

BankUnited Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.16 annualized dividend and a yield of 3.01%. BankUnited’s payout ratio is 47.54%.

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.