Y Intercept Hong Kong Ltd Cuts Position in BankUnited, Inc. (NYSE:BKU)

Y Intercept Hong Kong Ltd decreased its position in BankUnited, Inc. (NYSE:BKU) by 81.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,569 shares of the financial services provider’s stock after selling 28,038 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in BankUnited were worth $251,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Hussman Strategic Advisors Inc. increased its position in BankUnited by 133.3% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 73,500 shares of the financial services provider’s stock worth $2,805,000 after purchasing an additional 42,000 shares during the last quarter. Handelsbanken Fonder AB increased its holdings in shares of BankUnited by 6.7% in the 4th quarter. Handelsbanken Fonder AB now owns 14,332 shares of the financial services provider’s stock worth $547,000 after buying an additional 900 shares during the last quarter. Ieq Capital LLC bought a new position in shares of BankUnited in the 4th quarter valued at about $1,291,000. Principal Financial Group Inc. grew its position in BankUnited by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider’s stock worth $13,836,000 after acquiring an additional 10,064 shares in the last quarter. Finally, Congress Asset Management Co. increased its stake in BankUnited by 7.8% during the fourth quarter. Congress Asset Management Co. now owns 209,010 shares of the financial services provider’s stock worth $7,978,000 after acquiring an additional 15,057 shares during the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

BankUnited Stock Performance

BankUnited stock opened at $35.14 on Wednesday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The company has a market capitalization of $2.63 billion, a PE ratio of 11.41 and a beta of 1.37. The company has a 50 day moving average price of $39.31 and a 200-day moving average price of $38.42. BankUnited, Inc. has a fifty-two week low of $24.34 and a fifty-two week high of $44.45.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same period in the previous year, the business posted $0.26 earnings per share. As a group, equities analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.30%. The ex-dividend date of this dividend was Friday, January 10th. BankUnited’s payout ratio is 37.66%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on BKU shares. Compass Point lifted their target price on BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Barclays cut their price objective on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company raised their target price on shares of BankUnited from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on shares of BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a research note on Tuesday, November 26th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, BankUnited currently has an average rating of “Hold” and an average price target of $43.40.

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.