Squarepoint Ops LLC Purchases Shares of 70,319 BankUnited, Inc. $BKU

Squarepoint Ops LLC purchased a new stake in BankUnited, Inc. (NYSE:BKUFree Report) during the second quarter, HoldingsChannel reports. The institutional investor purchased 70,319 shares of the financial services provider’s stock, valued at approximately $3,407,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Hantz Financial Services Inc. grew its holdings in shares of BankUnited by 21.0% during the fourth quarter. Hantz Financial Services Inc. now owns 1,472 shares of the financial services provider’s stock worth $66,000 after buying an additional 255 shares in the last quarter. Covestor Ltd lifted its stake in BankUnited by 20.9% in the 4th quarter. Covestor Ltd now owns 1,673 shares of the financial services provider’s stock valued at $75,000 after acquiring an additional 289 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its stake in BankUnited by 1.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 17,213 shares of the financial services provider’s stock valued at $767,000 after acquiring an additional 300 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in BankUnited by 24.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,810 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 358 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its position in BankUnited by 2.4% during the 3rd quarter. Mackenzie Financial Corp now owns 19,550 shares of the financial services provider’s stock worth $746,000 after acquiring an additional 455 shares during the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Douglas J. Pauls sold 3,000 shares of the firm’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $47.90, for a total value of $143,700.00. Following the completion of the sale, the director directly owned 42,472 shares in the company, valued at approximately $2,034,408.80. This trade represents a 6.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Jay D. Richards sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $48.67, for a total value of $194,680.00. Following the transaction, the insider directly owned 40,502 shares in the company, valued at approximately $1,971,232.34. This trade represents a 8.99% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.00% of the company’s stock.

BankUnited Stock Down 0.8%

BKU stock opened at $44.81 on Friday. The company has a market cap of $3.19 billion, a price-to-earnings ratio of 12.28 and a beta of 1.17. BankUnited, Inc. has a twelve month low of $35.10 and a twelve month high of $52.11. The business has a 50 day moving average price of $46.94 and a two-hundred day moving average price of $46.69. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.54.

BankUnited (NYSE:BKUGet Free Report) last announced its quarterly earnings data on Wednesday, July 22nd. The financial services provider reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.03). The company had revenue of $284.57 million for the quarter, compared to the consensus estimate of $290.33 million. BankUnited had a return on equity of 9.13% and a net margin of 14.76%.The company’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.91 EPS. Analysts anticipate that BankUnited, Inc. will post 4.01 EPS for the current fiscal year.

BankUnited Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Friday, July 10th were given a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, July 10th. BankUnited’s dividend payout ratio is 36.16%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on BKU shares. Citigroup lowered their price objective on shares of BankUnited from $45.00 to $42.00 and set a “sell” rating on the stock in a report on Friday, July 24th. Barclays reduced their target price on shares of BankUnited from $50.00 to $48.00 and set an “equal weight” rating for the company in a report on Monday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating on shares of BankUnited in a research report on Wednesday, July 22nd. Wall Street Zen upgraded shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, Wells Fargo & Company started coverage on shares of BankUnited in a research report on Monday, August 10th. They set an “overweight” rating and a $54.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, BankUnited has an average rating of “Hold” and an average price target of $51.64.

Get Our Latest Stock Analysis on BankUnited

BankUnited Profile

(Free Report)

BankUnited, Inc (NYSE:BKU) is the bank holding company for BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida. The company provides banking products and services to commercial and middle-market businesses, public-sector organizations, and individual consumers.

Its offerings include commercial and industrial lending, commercial real estate financing, residential and commercial mortgage lending, consumer loans, deposit accounts, treasury management, online and mobile banking, and other cash-management services.

See Also

Want to see what other hedge funds are holding BKU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BankUnited, Inc. (NYSE:BKUFree Report).

Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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