Graham Capital Management L.P. Has $2.06 Million Stock Position in BankUnited, Inc. (NYSE:BKU)

Graham Capital Management L.P. lifted its stake in BankUnited, Inc. (NYSE:BKU) by 378.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 54,039 shares of the financial services provider’s stock after acquiring an additional 42,740 shares during the quarter. Graham Capital Management L.P. owned approximately 0.07% of BankUnited worth $2,063,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of BankUnited by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 9,598,953 shares of the financial services provider’s stock valued at $366,392,000 after acquiring an additional 181,493 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of BankUnited by 12.9% in the fourth quarter. JPMorgan Chase & Co. now owns 2,821,480 shares of the financial services provider’s stock valued at $107,696,000 after acquiring an additional 322,368 shares during the last quarter. Royce & Associates LP increased its position in shares of BankUnited by 3.3% in the fourth quarter. Royce & Associates LP now owns 1,149,827 shares of the financial services provider’s stock valued at $43,889,000 after acquiring an additional 36,328 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in shares of BankUnited in the fourth quarter valued at about $34,525,000. Finally, Northern Trust Corp grew its holdings in BankUnited by 17.0% during the fourth quarter. Northern Trust Corp now owns 875,450 shares of the financial services provider’s stock worth $33,416,000 after purchasing an additional 127,159 shares during the period. Institutional investors and hedge funds own 99.70% of the company’s stock.

Insider Activity at BankUnited

In related news, CFO Leslie Lunak sold 22,776 shares of the business’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $33.56, for a total value of $764,362.56. Following the completion of the sale, the chief financial officer now directly owns 59,899 shares in the company, valued at approximately $2,010,210.44. The trade was a 27.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kevin A. Malcolm sold 3,234 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The shares were 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. 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 corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on BKU. The Goldman Sachs Group reduced their price target on BankUnited from $38.00 to $34.00 and set a “sell” rating for the company in a report on Wednesday, April 30th. StockNews.com cut BankUnited from a “buy” rating to a “hold” rating in a report on Tuesday, March 18th. Piper Sandler upgraded BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price target for the company in a report on Tuesday, March 11th. Barclays reduced their price target on BankUnited from $44.00 to $38.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company reduced their price target on BankUnited from $50.00 to $42.00 and set an “overweight” rating for the company in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.55.

BankUnited Trading Down 1.5%

Shares of NYSE:BKU opened at $33.88 on Monday. BankUnited, Inc. has a 12-month low of $26.78 and a 12-month high of $44.45. The stock has a market cap of $2.55 billion, a PE ratio of 11.00 and a beta of 1.29. The business has a 50 day moving average of $32.85 and a 200-day moving average of $37.14. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04.

BankUnited (NYSE:BKU) 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 analysts’ consensus estimates of $0.74 by $0.04. The company 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 in the previous year, the company posted $0.64 earnings per share. As a group, equities research analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were paid a $0.31 dividend. This is a boost from BankUnited’s previous quarterly dividend of $0.29. This represents a $1.24 annualized dividend and a dividend yield of 3.66%. The ex-dividend date was Friday, April 11th. BankUnited’s payout ratio is 38.51%.

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.