20,153 Shares in BankUnited, Inc. $BKU Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. purchased a new position in BankUnited, Inc. (NYSE:BKU) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 20,153 shares of the financial services provider’s stock, valued at approximately $898,000.

Other hedge funds also recently modified their holdings of the company. Eurizon Capital SGR S.p.A. bought a new stake in shares of BankUnited in the 4th quarter worth approximately $30,000. Strs Ohio bought a new stake in shares of BankUnited in the 1st quarter worth approximately $28,000. Quarry LP raised its holdings in shares of BankUnited by 158.2% in the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 576 shares during the period. Hantz Financial Services Inc. raised its holdings in shares of BankUnited by 202.0% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,217 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 814 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in shares of BankUnited by 4,293.5% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,362 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,331 shares during the period. Institutional investors own 99.70% of the company’s stock.

Insider Transactions at BankUnited

In related news, Director John N. Digiacomo sold 1,000 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $45.97, for a total value of $45,970.00. Following the completion of the transaction, the director directly owned 15,027 shares in the company, valued at approximately $690,791.19. The trade was a 6.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on BKU. Zacks Research cut shares of BankUnited from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 14th. Cantor Fitzgerald boosted their target price on shares of BankUnited from $51.00 to $56.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Weiss Ratings raised shares of BankUnited from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 29th. Wells Fargo & Company boosted their target price on shares of BankUnited from $50.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, March 30th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a report on Thursday, April 23rd. Seven research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $53.27.

BankUnited Stock Up 0.9%

BKU opened at $48.09 on Thursday. The company has a fifty day moving average price of $46.56 and a 200-day moving average price of $46.24. The firm has a market capitalization of $3.50 billion, a P/E ratio of 13.40 and a beta of 1.17. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.82 and a quick ratio of 0.82. BankUnited, Inc. has a one year low of $33.33 and a one year high of $52.11.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). The firm had revenue of $273.69 million for the quarter, compared to analysts’ expectations of $284.57 million. BankUnited had a net margin of 14.46% and a return on equity of 9.11%. During the same quarter last year, the firm earned $0.78 earnings per share. Equities research analysts expect that BankUnited, Inc. will post 4.16 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 30th. Investors of record on Friday, April 10th were given a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.7%. This is a boost from BankUnited’s previous quarterly dividend of $0.31. The ex-dividend date was Friday, April 10th. BankUnited’s dividend payout ratio (DPR) is presently 36.77%.

About BankUnited

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.