Capitolis Liquid Global Markets LLC Buys Shares of 121,800 BankUnited, Inc. $BKU

by · The Markets Daily

Capitolis Liquid Global Markets LLC bought a new position in BankUnited, Inc. (NYSE:BKU – Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 121,800 shares of the financial services provider’s stock, valued at approximately $4,648,000.

Several other hedge funds also recently modified their holdings of the business. Strs Ohio bought a new position in shares of BankUnited during the 1st quarter valued at $28,000. Salomon & Ludwin LLC bought a new stake in BankUnited in the third quarter worth $34,000. Hantz Financial Services Inc. increased its position in BankUnited by 202.0% during the third quarter. Hantz Financial Services Inc. now owns 1,217 shares of the financial services provider’s stock worth $46,000 after buying an additional 814 shares during the last quarter. Covestor Ltd increased its position in BankUnited by 7,588.9% during the third quarter. Covestor Ltd now owns 1,384 shares of the financial services provider’s stock worth $53,000 after buying an additional 1,366 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in BankUnited by 4,293.5% during the third quarter. Jones Financial Companies Lllp now owns 1,362 shares of the financial services provider’s stock valued at $53,000 after buying an additional 1,331 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Trading Down 1.0%

Shares of NYSE:BKU opened at $42.75 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.82 and a current ratio of 0.82. The stock’s 50-day moving average is $47.40 and its 200-day moving average is $43.14. The company has a market cap of $3.15 billion, a P/E ratio of 12.08 and a beta of 1.29. BankUnited, Inc. has a 52-week low of $28.21 and a 52-week high of $52.11.

BankUnited (NYSE:BKU – Get Free Report) last posted its quarterly earnings data on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.09. BankUnited had a return on equity of 9.09% and a net margin of 14.14%.The business had revenue of $260.80 million during the quarter, compared to analysts’ expectations of $279.76 million. During the same quarter in the previous year, the firm earned $0.91 EPS. Equities research analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 9th were issued a dividend of $0.31 per share. The ex-dividend date was Friday, January 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.9%. BankUnited’s payout ratio is 35.03%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Barclays boosted their price target on BankUnited from $47.00 to $55.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 22nd. Piper Sandler raised their price objective on BankUnited from $42.00 to $52.00 and gave the company a “neutral” rating in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods boosted their target price on BankUnited from $42.00 to $55.00 and gave the stock a “market perform” rating in a report on Thursday, January 22nd. Cantor Fitzgerald upped their target price on BankUnited from $51.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 3rd. Finally, The Goldman Sachs Group reiterated a “sell” rating on shares of BankUnited in a report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.55.

View Our Latest Research Report on BKU

Insider Transactions at BankUnited

In other news, insider Kevin A. Malcolm sold 3,447 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $47.11, for a total value of $162,388.17. Following the sale, the insider owned 11,500 shares in the company, valued at approximately $541,765. This trade represents a 23.06% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Sanjiv Sobti sold 5,000 shares of the business’s stock in a transaction on Monday, February 9th. The stock was sold at an average price of $50.88, for a total transaction of $254,400.00. Following the transaction, the director directly owned 18,816 shares in the company, valued at $957,358.08. This trade represents a 20.99% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 11,953 shares of company stock worth $591,492 over the last three months. 1.15% of the stock is currently owned by insiders.

About BankUnited

(Free Report)

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.

Featured Stories

Want to see what other hedge funds are holding BKU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BankUnited, Inc. (NYSE:BKU – Free Report).