Hussman Strategic Advisors Inc. Acquires 42,000 Shares of BankUnited, Inc. (NYSE:BKU)

Hussman Strategic Advisors Inc. raised its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 133.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 73,500 shares of the financial services provider’s stock after purchasing an additional 42,000 shares during the quarter. BankUnited accounts for approximately 0.8% of Hussman Strategic Advisors Inc.’s portfolio, making the stock its 29th largest position. Hussman Strategic Advisors Inc. owned about 0.10% of BankUnited worth $2,805,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Blue Trust Inc. boosted its holdings in BankUnited by 182.3% during the 4th quarter. Blue Trust Inc. now owns 847 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 547 shares during the last quarter. R Squared Ltd purchased a new stake in BankUnited during the fourth quarter valued at about $113,000. KBC Group NV lifted its holdings in BankUnited by 87.8% during the fourth quarter. KBC Group NV now owns 4,028 shares of the financial services provider’s stock valued at $154,000 after purchasing an additional 1,883 shares during the last quarter. CWM LLC lifted its holdings in BankUnited by 118.3% during the third quarter. CWM LLC now owns 4,208 shares of the financial services provider’s stock valued at $153,000 after purchasing an additional 2,280 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in BankUnited during the third quarter valued at about $181,000. Institutional investors own 99.70% of the company’s stock.

BankUnited Stock Down 1.1 %

BKU stock opened at $40.12 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. The company’s 50 day moving average is $39.56 and its 200 day moving average is $38.24. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of 13.02 and a beta of 1.37. BankUnited, Inc. has a 1-year low of $24.34 and a 1-year high of $44.45.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same period in the previous year, the business earned $0.26 EPS. Sell-side analysts predict that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend was Friday, January 10th. BankUnited’s payout ratio is currently 37.66%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on BKU. Keefe, Bruyette & Woods upped their price target on BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. Compass Point upped their price target on BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Barclays decreased their price target on BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Wells Fargo & Company upped their price target on BankUnited from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. Finally, The Goldman Sachs Group upped their price target on BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, BankUnited has an average rating of “Hold” and a consensus price target of $43.40.

About BankUnited

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.