Signition LP Takes $207,000 Position in BankUnited (BKU)

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Signition LP bought a new position in shares of BankUnited (NYSE:BKU) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 5,836 shares of the financial services provider’s stock, valued at approximately $207,000.

Several other institutional investors also recently made changes to their positions in BKU. First Trust Advisors LP raised its position in shares of BankUnited by 286.7% during the second quarter. First Trust Advisors LP now owns 2,851,760 shares of the financial services provider’s stock worth $116,494,000 after purchasing an additional 2,114,308 shares during the period. Millennium Management LLC raised its position in shares of BankUnited by 31.8% during the second quarter. Millennium Management LLC now owns 3,703,524 shares of the financial services provider’s stock worth $151,289,000 after purchasing an additional 893,857 shares during the period. Copper Rock Capital Partners LLC purchased a new position in shares of BankUnited during the second quarter valued at $20,726,000. Dimensional Fund Advisors LP grew its holdings in shares of BankUnited by 26.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,603,086 shares of the financial services provider’s stock valued at $65,488,000 after buying an additional 332,547 shares in the last quarter. Finally, LSV Asset Management grew its holdings in shares of BankUnited by 11.0% during the second quarter. LSV Asset Management now owns 2,005,600 shares of the financial services provider’s stock valued at $81,928,000 after buying an additional 199,100 shares in the last quarter. 92.82% of the stock is currently owned by institutional investors.

Shares of NYSE BKU opened at $33.79 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.64. BankUnited has a one year low of $29.86 and a one year high of $44.97. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 1.12 and a beta of 0.97.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, October 24th. The financial services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. BankUnited had a return on equity of 11.91% and a net margin of 46.00%. The firm had revenue of $290.70 million for the quarter, compared to the consensus estimate of $292.57 million. During the same quarter in the previous year, the company posted $0.62 earnings per share. On average, equities research analysts anticipate that BankUnited will post 3.32 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Tuesday, October 16th were paid a $0.21 dividend. The ex-dividend date was Monday, October 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.49%. BankUnited’s dividend payout ratio (DPR) is currently 31.70%.

In other BankUnited news, insider Mark Bagnoli sold 1,000 shares of the business’s stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $31.82, for a total value of $31,820.00. Following the transaction, the insider now owns 24,118 shares in the company, valued at $767,434.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Thomas M. Cornish sold 10,000 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $40.02, for a total value of $400,200.00. Following the completion of the transaction, the chief operating officer now owns 90,249 shares in the company, valued at approximately $3,611,764.98. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

A number of research analysts have recently weighed in on the company. Zacks Investment Research upgraded BankUnited from a “sell” rating to a “hold” rating in a report on Friday, October 26th. BMO Capital Markets lowered their price target on BankUnited from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday. FIG Partners upgraded BankUnited from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a report on Thursday, October 25th. Sandler O’Neill set a $47.00 price target on BankUnited and gave the company a “buy” rating in a report on Wednesday, July 25th. Finally, Stephens set a $40.00 price target on BankUnited and gave the company a “buy” rating in a report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $42.83.

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BankUnited Profile

BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts, as well as certificates of deposit; and treasury management services.

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Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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