Harbour Capital Advisors LLC Purchases New Shares in BankUnited, Inc. (NYSE:BKU)

Harbour Capital Advisors LLC purchased a new position in BankUnited, Inc. (NYSE:BKU) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,525 shares of the financial services provider’s stock, valued at approximately $292,000.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC increased its stake in shares of BankUnited by 118.3% during the third quarter. CWM LLC now owns 4,208 shares of the financial services provider’s stock worth $153,000 after purchasing an additional 2,280 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in BankUnited during the 2nd quarter worth approximately $169,000. GAMMA Investing LLC raised its holdings 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 acquiring an additional 686 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of BankUnited during the third quarter valued at approximately $181,000. Finally, Dark Forest Capital Management LP purchased a new position in shares of BankUnited in the second quarter valued at approximately $210,000. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BankUnited

In other news, insider Jay D. Richards sold 2,500 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total transaction of $102,950.00. Following the completion of the transaction, the insider now directly owns 34,687 shares of the company’s stock, valued at approximately $1,428,410.66. The trade was a 6.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Thomas M. Cornish sold 10,778 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.11, for a total transaction of $421,527.58. Following the sale, the chief operating officer now owns 100,000 shares in the company, valued at $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 currently owned by company insiders.

BankUnited Trading Up 1.2 %

Shares of BKU stock opened at $37.33 on Tuesday. BankUnited, Inc. has a 1-year low of $24.34 and a 1-year high of $44.45. The firm has a market cap of $2.79 billion, a PE ratio of 15.30 and a beta of 1.38. The company has a 50-day moving average of $39.84 and a two-hundred day moving average of $36.96. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88.

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 analysts’ consensus estimates of $0.74 by $0.07. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. The firm had revenue of $515.24 million during the quarter, compared to analysts’ expectations of $258.65 million. During the same quarter last year, the company posted $0.63 EPS. On average, analysts predict that BankUnited, Inc. will post 2.89 EPS for the current year.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.11%. The ex-dividend date of this dividend is Friday, January 10th. BankUnited’s payout ratio is 47.54%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $37.00 price objective on shares of BankUnited in a research note on Wednesday, October 23rd. Compass Point raised their price target on shares of BankUnited from $42.00 to $49.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group upped their price objective on shares of BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th. Barclays decreased their target price on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Finally, Keefe, Bruyette & Woods increased their price target on BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $42.60.

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.