Alyeska Investment Group L.P. Makes New Investment in BankUnited, Inc. (NYSE:BKU)

Alyeska Investment Group L.P. purchased a new stake in shares of BankUnited, Inc. (NYSE:BKU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 266,247 shares of the financial services provider’s stock, valued at approximately $10,163,000.

Several other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its position in BankUnited by 12.9% in the 4th quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider’s stock worth $107,696,000 after purchasing an additional 322,368 shares during the last quarter. Bank of Montreal Can boosted its position in shares of BankUnited by 4.1% during the fourth quarter. Bank of Montreal Can now owns 15,163 shares of the financial services provider’s stock worth $579,000 after buying an additional 593 shares during the period. Principal Financial Group Inc. grew its holdings in BankUnited by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider’s stock worth $13,836,000 after buying an additional 10,064 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in BankUnited during the 4th quarter valued at $766,000. Finally, Vanguard Group Inc. boosted its position in BankUnited by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider’s stock worth $366,392,000 after acquiring an additional 181,493 shares during the period. Institutional investors own 99.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reduced their price objective on shares of BankUnited from $40.00 to $38.00 and set a “market perform” rating for the company in a report on Wednesday, April 30th. The Goldman Sachs Group dropped their price objective on BankUnited from $38.00 to $34.00 and set a “sell” rating on the stock in a research note on Wednesday, April 30th. Barclays decreased their target price on BankUnited from $44.00 to $38.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Royal Bank of Canada dropped their price target on shares of BankUnited from $42.00 to $40.00 and set a “sector perform” rating on the stock in a research report on Tuesday, April 29th. Finally, Wells Fargo & Company reduced their price objective on shares of BankUnited from $50.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, April 9th. 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 company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $40.55.

BankUnited Trading Down 0.3 %

BankUnited stock opened at $33.69 on Tuesday. BankUnited, Inc. has a 52 week low of $26.78 and a 52 week high of $44.45. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The firm has a market capitalization of $2.54 billion, a price-to-earnings ratio of 10.94 and a beta of 1.20. The company has a 50 day moving average price of $33.09 and a 200 day moving average price of $37.18.

BankUnited (NYSE:BKU) last issued its earnings results on Monday, April 28th. The financial services provider reported $0.78 EPS for the quarter, topping the consensus estimate of $0.74 by $0.04. The business 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 quarter last year, the firm posted $0.64 earnings per share. Research analysts forecast that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.68%. This is a positive change from BankUnited’s previous quarterly dividend of $0.29. The ex-dividend date was Friday, April 11th. BankUnited’s dividend payout ratio is 38.51%.

Insider Activity at BankUnited

In related news, 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 value of $113,772.12. Following the completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Sanjiv Sobti acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average cost of $32.07 per share, for a total transaction of $64,140.00. Following the transaction, the director now owns 20,782 shares of the company’s stock, valued at approximately $666,478.74. This represents a 10.65 % increase in their position. The disclosure for this purchase can be found here. 1.15% of the stock is currently owned by insiders.

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.