New Age Alpha Advisors LLC Buys Shares of 10,800 BankUnited, Inc. (NYSE:BKU)

New Age Alpha Advisors LLC bought a new stake in BankUnited, Inc. (NYSE:BKU) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 10,800 shares of the financial services provider’s stock, valued at approximately $412,000.

Several other hedge funds also recently bought and sold shares of the stock. Cerity Partners LLC acquired a new stake in shares of BankUnited during the third quarter worth about $434,000. FMR LLC grew its stake in shares of BankUnited by 40.0% in the third quarter. FMR LLC now owns 275,556 shares of the financial services provider’s stock worth $10,041,000 after acquiring an additional 78,753 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of BankUnited by 211.5% during the third quarter. BNP Paribas Financial Markets now owns 59,594 shares of the financial services provider’s stock worth $2,172,000 after acquiring an additional 40,461 shares during the period. Walleye Capital LLC raised its stake in shares of BankUnited by 91.3% in the third quarter. Walleye Capital LLC now owns 20,216 shares of the financial services provider’s stock valued at $737,000 after acquiring an additional 9,650 shares in the last quarter. Finally, Verition Fund Management LLC grew its stake in BankUnited by 172.5% during the 3rd quarter. Verition Fund Management LLC now owns 26,464 shares of the financial services provider’s stock worth $964,000 after purchasing an additional 16,751 shares in the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Insider Activity

In other news, insider Kevin A. Malcolm sold 3,234 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $35.18, for a total transaction of $113,772.12. Following the sale, the insider now owns 12,250 shares in the company, valued at $430,955. This trade represents a 20.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Sanjiv Sobti bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The stock was acquired at an average price of $32.83 per share, with a total value of $32,830.00. Following the completion of the purchase, the director now directly owns 21,782 shares of the company’s stock, valued at approximately $715,103.06. The trade was a 4.81 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.19% of the company’s stock.

BankUnited Stock Down 1.3 %

Shares of BankUnited stock opened at $34.01 on Wednesday. The company has a market cap of $2.54 billion, a P/E ratio of 11.04 and a beta of 1.40. BankUnited, Inc. has a one year low of $24.34 and a one year high of $44.45. The firm has a fifty day moving average of $37.46 and a two-hundred day moving average of $38.01. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the business earned $0.26 EPS. On average, analysts forecast that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 30th. Stockholders of record on Friday, April 11th will be issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 3.65%. This is a boost from BankUnited’s previous quarterly dividend of $0.29. The ex-dividend date is Friday, April 11th. BankUnited’s payout ratio is 40.26%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Piper Sandler upgraded BankUnited from a “neutral” rating to an “overweight” rating and set a $41.00 price objective for the company in a research note on Tuesday, March 11th. StockNews.com downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Tuesday, March 18th. Barclays decreased their price objective on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Hovde Group cut their price target on BankUnited from $46.00 to $44.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company increased their price objective on BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $43.45.

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.