Tudor Investment Corp ET AL Invests $7.60 Million in BankUnited, Inc. $BKU

Tudor Investment Corp ET AL bought a new position in shares of BankUnited, Inc. (NYSE:BKU) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 199,131 shares of the financial services provider’s stock, valued at approximately $7,599,000. Tudor Investment Corp ET AL owned about 0.27% of BankUnited as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of BKU. Summit Global Investments acquired a new stake in BankUnited in the 3rd quarter worth about $698,000. HoldCo Asset Management LP acquired a new stake in BankUnited in the 3rd quarter worth about $35,752,000. TrueMark Investments LLC acquired a new stake in BankUnited in the 3rd quarter worth about $6,334,000. Assenagon Asset Management S.A. acquired a new stake in BankUnited in the 3rd quarter worth about $6,121,000. Finally, Public Sector Pension Investment Board raised its stake in BankUnited by 11.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 334,570 shares of the financial services provider’s stock worth $12,767,000 after purchasing an additional 34,952 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Trading Down 0.7%

BKU opened at $45.71 on Wednesday. BankUnited, Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $52.11. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $3.37 billion, a price-to-earnings ratio of 12.91 and a beta of 1.26. The company’s 50 day moving average price is $46.71 and its two-hundred day moving average price is $43.82.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.09. BankUnited had a net margin of 14.14% and a return on equity of 9.09%. The firm had revenue of $260.80 million for the quarter, compared to analyst estimates of $279.76 million. During the same period in the previous year, the firm posted $0.91 EPS. As a group, research analysts predict that BankUnited, Inc. will post 3.13 earnings per share for the current year.

BankUnited Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Shareholders of record on Friday, April 10th will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Friday, April 10th. This is a positive change from BankUnited’s previous quarterly dividend of $0.31. BankUnited’s payout ratio is presently 35.03%.

Insiders Place Their Bets

In other news, Director Sanjiv Sobti sold 5,000 shares of the company’s stock in a transaction on Monday, February 9th. The shares were sold at an average price of $50.88, for a total value of $254,400.00. Following the sale, the director directly owned 18,816 shares of the company’s stock, valued at approximately $957,358.08. This represents a 20.99% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Kevin A. Malcolm sold 3,447 shares of the company’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $47.11, for a total transaction of $162,388.17. Following the completion of the sale, the insider directly owned 11,500 shares in the company, valued at approximately $541,765. This represents a 23.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,953 shares of company stock valued at $591,492 in the last ninety days. 1.15% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BKU has been the subject of several analyst reports. Keefe, Bruyette & Woods lifted their price objective on shares of BankUnited from $42.00 to $55.00 and gave the stock a “market perform” rating in a research note on Thursday, January 22nd. Cantor Fitzgerald lifted their price objective on shares of BankUnited from $51.00 to $56.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Zacks Research upgraded shares of BankUnited from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 12th. Barclays dropped their price objective on shares of BankUnited from $55.00 to $53.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Piper Sandler lifted their price objective on shares of BankUnited from $42.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, BankUnited has a consensus rating of “Moderate Buy” and a consensus price target of $53.82.

About BankUnited

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.