Centiva Capital LP Buys 4,704 Shares of BankUnited, Inc. (NYSE:BKU)

Centiva Capital LP boosted its stake in shares of BankUnited, Inc. (NYSE:BKU) by 23.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,887 shares of the financial services provider’s stock after buying an additional 4,704 shares during the quarter. Centiva Capital LP’s holdings in BankUnited were worth $907,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. WINTON GROUP Ltd raised its stake in shares of BankUnited by 0.9% during the second quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider’s stock valued at $1,012,000 after acquiring an additional 303 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of BankUnited by 1.9% in the 2nd quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock worth $609,000 after buying an additional 379 shares during the period. Natixis Advisors LLC grew its position in shares of BankUnited by 1.0% during the 2nd quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock worth $1,405,000 after buying an additional 497 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of BankUnited by 17.4% during the third quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock valued at $169,000 after buying an additional 686 shares during the period. Finally, Louisiana State Employees Retirement System raised its holdings in shares of BankUnited by 2.2% in the second quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the financial services provider’s stock valued at $1,101,000 after acquiring an additional 800 shares in the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

BankUnited Stock Performance

Shares of BKU opened at $41.46 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. The firm has a market cap of $3.10 billion, a PE ratio of 16.99 and a beta of 1.36. BankUnited, Inc. has a 12 month low of $24.34 and a 12 month high of $44.45. The stock has a fifty day moving average price of $38.12 and a 200-day moving average price of $34.87.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $515.24 million during the quarter, compared to analysts’ expectations of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same period last year, the business posted $0.63 earnings per share. Equities research analysts predict that BankUnited, Inc. will post 2.89 earnings per share for the current fiscal year.

BankUnited Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend was Friday, October 11th. BankUnited’s dividend payout ratio (DPR) is presently 47.54%.

Insiders Place Their Bets

In other news, insider Jay D. Richards sold 2,500 shares of BankUnited stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total transaction of $102,950.00. Following the completion of the sale, the insider now directly owns 34,687 shares in the company, valued at approximately $1,428,410.66. The trade was a 6.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Thomas M. Cornish sold 10,778 shares of the company’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 100,000 shares in the company, valued at approximately $3,911,000. The trade was a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their target price on shares of BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a report on Wednesday. Royal Bank of Canada reiterated a “sector perform” rating and set a $37.00 price objective on shares of BankUnited in a research note on Wednesday, October 23rd. Barclays boosted their price objective on shares of BankUnited from $39.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Thursday. The Goldman Sachs Group upped their target price on BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. Finally, Wedbush lifted their price target on BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $40.70.

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.