BankUnited, Inc. (NYSE:BKU) Shares Bought by Wolverine Asset Management LLC

Wolverine Asset Management LLC lifted its position in shares of BankUnited, Inc. (NYSE:BKU) by 25.8% in the third quarter, HoldingsChannel reports. The institutional investor owned 11,061 shares of the financial services provider’s stock after purchasing an additional 2,267 shares during the period. Wolverine Asset Management LLC’s holdings in BankUnited were worth $403,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in BKU. Texas Permanent School Fund Corp grew its position in BankUnited by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 65,090 shares of the financial services provider’s stock valued at $1,823,000 after acquiring an additional 896 shares during the period. SG Americas Securities LLC grew its holdings in shares of BankUnited by 887.1% during the 1st quarter. SG Americas Securities LLC now owns 66,403 shares of the financial services provider’s stock worth $1,859,000 after purchasing an additional 59,676 shares during the period. Inspire Investing LLC increased its position in BankUnited by 6.8% during the 1st quarter. Inspire Investing LLC now owns 12,632 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 807 shares in the last quarter. Headlands Technologies LLC purchased a new position in BankUnited in the first quarter valued at approximately $57,000. Finally, Russell Investments Group Ltd. lifted its position in BankUnited by 0.8% during the first quarter. Russell Investments Group Ltd. now owns 112,849 shares of the financial services provider’s stock valued at $3,160,000 after buying an additional 906 shares in the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

BankUnited Stock Performance

Shares of BKU opened at $40.29 on Thursday. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 16.51 and a beta of 1.33. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The business’s 50 day moving average is $36.33 and its two-hundred day moving average is $33.46. BankUnited, Inc. has a 52-week low of $23.83 and a 52-week high of $41.65.

BankUnited (NYSE:BKU) last posted its quarterly 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. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. The firm had revenue of $515.24 million for the quarter, compared to analysts’ expectations of $258.65 million. During the same period in the prior year, the company posted $0.63 earnings per share. Analysts forecast that BankUnited, Inc. will post 2.85 EPS for the current fiscal year.

BankUnited Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 11th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.16 annualized dividend and a dividend yield of 2.88%. BankUnited’s payout ratio is 47.54%.

Insider Transactions at BankUnited

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.11, for a total transaction of $421,527.58. Following the sale, the chief operating officer now owns 100,000 shares in the company, valued at $3,911,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.19% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on BKU shares. Wells Fargo & Company raised shares of BankUnited from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $38.00 to $48.00 in a research report on Wednesday. Barclays raised their price objective on BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.00 target price on shares of BankUnited in a research report on Wednesday, October 23rd. Citigroup dropped their target price on BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Finally, Hovde Group upped their price target on BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, BankUnited has a consensus rating of “Hold” and an average target price of $37.40.

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.