Wolverine Asset Management LLC Has $257,000 Stock Position in BankUnited, Inc. (NYSE:BKU)

Wolverine Asset Management LLC lessened its position in BankUnited, Inc. (NYSE:BKU) by 39.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,730 shares of the financial services provider’s stock after selling 4,331 shares during the period. Wolverine Asset Management LLC’s holdings in BankUnited were worth $257,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of BKU. Geode Capital Management LLC boosted its position in shares of BankUnited by 1.2% during the third quarter. Geode Capital Management LLC now owns 1,719,596 shares of the financial services provider’s stock valued at $62,674,000 after buying an additional 20,218 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its holdings in BankUnited by 6.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 663,084 shares of the financial services provider’s stock worth $24,163,000 after acquiring an additional 39,797 shares during the last quarter. Basswood Capital Management L.L.C. bought a new stake in shares of BankUnited in the 3rd quarter worth $17,745,000. Principal Financial Group Inc. raised its holdings in shares of BankUnited by 2.9% in the fourth quarter. Principal Financial Group Inc. now owns 362,487 shares of the financial services provider’s stock valued at $13,836,000 after purchasing an additional 10,064 shares during the last quarter. Finally, Algert Global LLC lifted its position in shares of BankUnited by 23.7% during the third quarter. Algert Global LLC now owns 308,212 shares of the financial services provider’s stock valued at $11,231,000 after purchasing an additional 59,029 shares in the last quarter. Institutional investors own 99.70% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on BKU. Compass Point increased their price objective on shares of BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. The Goldman Sachs Group boosted their price objective on BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. Royal Bank of Canada upped their price objective on BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research note on Thursday, January 23rd. Wells Fargo & Company boosted their price target on shares of BankUnited from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Finally, Keefe, Bruyette & Woods increased their price target on shares of BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a research report on Wednesday, December 4th. One research 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $43.40.

BankUnited Stock Performance

NYSE BKU opened at $37.81 on Monday. The firm has a market cap of $2.83 billion, a P/E ratio of 12.27 and a beta of 1.37. The company has a quick ratio of 0.88, a current ratio of 0.86 and a debt-to-equity ratio of 1.04. The company’s 50 day moving average is $39.48 and its 200-day moving average is $38.33. BankUnited, Inc. has a 12-month low of $24.34 and a 12-month high of $44.45.

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

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 10th were paid a $0.29 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.16 annualized dividend and a yield of 3.07%. BankUnited’s dividend payout ratio is currently 37.66%.

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.