7,045 Shares in BankUnited, Inc. (NYSE:BKU) Purchased by Aigen Investment Management LP

Aigen Investment Management LP purchased a new stake in BankUnited, Inc. (NYSE:BKU) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,045 shares of the financial services provider’s stock, valued at approximately $257,000.

Other hedge funds also recently modified their holdings of the company. CWM LLC raised its stake in shares of BankUnited by 307.6% in the second quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,455 shares in the last quarter. Headlands Technologies LLC acquired a new position in BankUnited in the first quarter worth about $57,000. Meeder Asset Management Inc. bought a new position in BankUnited during the second quarter worth about $74,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in BankUnited during the second quarter valued at approximately $169,000. Finally, GAMMA Investing LLC grew its stake in shares of BankUnited by 17.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 686 shares during the period. Institutional investors own 99.70% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Wedbush raised their target price on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. JPMorgan Chase & Co. boosted their target price on shares of BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Barclays upped their target price on shares of BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Citigroup cut their price target on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, September 11th. Finally, Hovde Group upped their price objective on shares of BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, BankUnited has an average rating of “Hold” and an average target price of $37.40.

Insider Buying and Selling

In related news, COO Thomas M. Cornish sold 10,778 shares of the 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 transaction, the chief operating officer now directly owns 100,000 shares in the company, valued at $3,911,000. This represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.19% of the company’s stock.

BankUnited Trading Up 0.1 %

Shares of NYSE BKU opened at $40.71 on Friday. BankUnited, Inc. has a 1-year low of $24.34 and a 1-year high of $41.65. The company has a 50-day moving average of $36.51 and a two-hundred day moving average of $33.60. The company has a market cap of $3.04 billion, a PE ratio of 16.68 and a beta of 1.33. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.07. The firm had revenue of $515.24 million during the quarter, compared to analysts’ expectations of $258.65 million. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. During the same quarter in the previous year, the company posted $0.63 EPS. As a group, equities analysts expect that BankUnited, Inc. will post 2.85 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.85%. The ex-dividend date was Friday, October 11th. BankUnited’s dividend payout ratio is 47.54%.

BankUnited Company 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.