Cwm LLC Buys 2,280 Shares of BankUnited, Inc. (NYSE:BKU)

Cwm LLC grew its stake in shares of BankUnited, Inc. (NYSE:BKU) by 118.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,208 shares of the financial services provider’s stock after purchasing an additional 2,280 shares during the period. Cwm LLC’s holdings in BankUnited were worth $153,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in BKU. Headlands Technologies LLC bought a new stake in BankUnited during the 1st quarter worth approximately $57,000. Meeder Asset Management Inc. bought a new position in shares of BankUnited in the second quarter valued at approximately $74,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of BankUnited in the second quarter valued at approximately $169,000. GAMMA Investing LLC grew its holdings 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 valued at $169,000 after acquiring an additional 686 shares in the last quarter. Finally, Picton Mahoney Asset Management bought a new position in shares of BankUnited in the second quarter valued at approximately $175,000. 99.70% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on BKU. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.00 target price on shares of BankUnited in a report on Wednesday. Barclays upped their target price on BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Hovde Group upped their target price on BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Wedbush upped their price objective on BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Finally, JPMorgan Chase & Co. upped their price objective on BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, BankUnited has an average rating of “Hold” and an average price target of $36.40.

Insiders Place Their Bets

In other news, Director William S. Rubenstein sold 7,864 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total value of $303,314.48. Following the transaction, the director now owns 10,282 shares of the company’s stock, valued at approximately $396,576.74. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.19% of the company’s stock.

BankUnited Trading Up 1.5 %

NYSE:BKU opened at $35.41 on Friday. The company has a market cap of $2.65 billion, a P/E ratio of 15.26 and a beta of 1.33. The stock’s fifty day moving average price is $36.45 and its two-hundred day moving average price is $32.36. BankUnited, Inc. has a 1 year low of $21.02 and a 1 year high of $39.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.87.

BankUnited (NYSE:BKU) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (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 7.76% and a net margin of 8.41%. During the same quarter in the prior year, the business posted $0.63 earnings per share. As a group, analysts expect that BankUnited, Inc. will post 2.86 EPS for the current year.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 11th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.16 annualized dividend and a dividend yield of 3.28%. BankUnited’s dividend payout ratio is currently 50.00%.

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.