Assenagon Asset Management S.A. Boosts Holdings in BankUnited, Inc. (NYSE:BKU)

Assenagon Asset Management S.A. increased its holdings in BankUnited, Inc. (NYSE:BKU) by 37.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 868,806 shares of the financial services provider’s stock after purchasing an additional 236,174 shares during the period. Assenagon Asset Management S.A. owned approximately 1.16% of BankUnited worth $31,659,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. WINTON GROUP Ltd boosted its position in BankUnited by 0.9% during the second quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider’s stock valued at $1,012,000 after buying an additional 303 shares during the period. Arizona State Retirement System grew its position in BankUnited by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock worth $609,000 after acquiring an additional 379 shares during the last quarter. Natixis Advisors LLC grew its position in BankUnited by 1.0% during the 2nd quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock worth $1,405,000 after acquiring an additional 497 shares during the last quarter. GAMMA Investing LLC increased its stake in BankUnited by 17.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 686 shares during the period. Finally, Louisiana State Employees Retirement System lifted its position in BankUnited by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the financial services provider’s stock valued at $1,101,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 99.70% of the company’s stock.

Insider Activity

In related news, Director William S. Rubenstein sold 7,864 shares of the stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total transaction of $303,314.48. Following the sale, the director now directly owns 10,282 shares of the company’s stock, valued at approximately $396,576.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.19% of the company’s stock.

Wall Street Analyst Weigh In

BKU has been the topic of a number of analyst reports. Hovde Group boosted their price objective on shares of BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $37.00 price target on shares of BankUnited in a research report on Wednesday. Wells Fargo & Company lifted their price objective on BankUnited from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. upped their target price on BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Finally, Citigroup cut their price target 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. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $36.40.

BankUnited Stock Down 2.3 %

Shares of BankUnited stock opened at $34.61 on Friday. BankUnited, Inc. has a 1 year low of $21.13 and a 1 year high of $39.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.87. The company has a 50-day moving average of $36.41 and a 200 day moving average of $32.41. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of 14.92 and a beta of 1.33.

BankUnited (NYSE:BKU) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm had revenue of $515.24 million during the quarter, compared to analyst estimates of $258.65 million. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. During the same period last year, the business earned $0.63 earnings per share. As a group, sell-side analysts anticipate that BankUnited, Inc. will post 2.86 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 11th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.35%. BankUnited’s dividend payout ratio is currently 50.00%.

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.