GSA Capital Partners LLP Invests $257,000 in BankUnited, Inc. (NYSE:BKU)

GSA Capital Partners LLP acquired a new position in BankUnited, Inc. (NYSE:BKU) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 7,060 shares of the financial services provider’s stock, valued at approximately $257,000.

Several other hedge funds have also recently made changes to their positions in BKU. CWM LLC increased its position in BankUnited by 307.6% in the 2nd quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,455 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of BankUnited in the second quarter worth approximately $74,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of BankUnited in the second quarter worth approximately $169,000. GAMMA Investing LLC raised its stake in shares of BankUnited by 17.4% in the third quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 686 shares during the last quarter. Finally, Picton Mahoney Asset Management purchased a new stake in shares of BankUnited in the second quarter worth approximately $175,000. 99.70% of the stock is owned by institutional investors.

Insider Buying and Selling

In other BankUnited news, insider Jay D. Richards sold 2,500 shares of BankUnited stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total transaction of $102,950.00. Following the sale, the insider now directly owns 34,687 shares of the company’s stock, valued at approximately $1,428,410.66. The trade was a 6.72 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Thomas M. Cornish sold 10,778 shares of BankUnited stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.11, for a total value of $421,527.58. Following the sale, the chief operating officer now directly owns 100,000 shares in the company, valued at approximately $3,911,000. The trade was a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on BKU. Royal Bank of Canada reissued a “sector perform” rating and issued a $37.00 price objective on shares of BankUnited in a research note on Wednesday, October 23rd. Citigroup lowered their price objective on BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Wedbush increased their price objective on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 24th. Barclays increased their price target on BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Finally, Wells Fargo & Company raised BankUnited from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $38.00 to $48.00 in a research report on Wednesday, November 13th. 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 company. According to data from MarketBeat, BankUnited presently has a consensus rating of “Hold” and an average price target of $37.40.

BankUnited Trading Up 2.2 %

NYSE BKU opened at $42.72 on Friday. The company has a market capitalization of $3.19 billion, a price-to-earnings ratio of 17.51 and a beta of 1.33. The stock’s 50-day simple moving average is $37.12 and its two-hundred day simple moving average is $34.11. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. BankUnited, Inc. has a twelve month low of $24.34 and a twelve month high of $42.83.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. The firm had revenue of $515.24 million for the quarter, compared to the consensus estimate of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same quarter in the previous year, the business earned $0.63 earnings per share. Research analysts forecast that BankUnited, Inc. will post 2.89 EPS for the current fiscal year.

BankUnited Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were paid a $0.29 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.16 annualized dividend and a dividend yield of 2.72%. BankUnited’s payout ratio is presently 47.54%.

About BankUnited

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.