BW Gestao de Investimentos Ltda. Invests $336,000 in BankUnited, Inc. (BKU) Stock

BW Gestao de Investimentos Ltda. acquired a new position in shares of BankUnited, Inc. (NYSE:BKU) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 9,434 shares of the financial services provider’s stock, valued at approximately $336,000.

A number of other institutional investors have also recently made changes to their positions in BKU. BNP Paribas Arbitrage SA increased its holdings in shares of BankUnited by 3,522.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 971,171 shares of the financial services provider’s stock valued at $32,738,000 after purchasing an additional 944,359 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of BankUnited by 11.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 7,666,132 shares of the financial services provider’s stock valued at $258,425,000 after purchasing an additional 792,163 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of BankUnited by 5,718.4% in the 2nd quarter. SG Americas Securities LLC now owns 687,265 shares of the financial services provider’s stock valued at $23,168,000 after purchasing an additional 675,453 shares in the last quarter. LSV Asset Management increased its holdings in shares of BankUnited by 180.4% in the 2nd quarter. LSV Asset Management now owns 750,354 shares of the financial services provider’s stock valued at $25,294,000 after purchasing an additional 482,754 shares in the last quarter. Finally, Citadel Advisors LLC increased its holdings in shares of BankUnited by 33.5% in the 2nd quarter. Citadel Advisors LLC now owns 1,541,252 shares of the financial services provider’s stock valued at $51,955,000 after purchasing an additional 386,991 shares in the last quarter. Institutional investors own 94.74% of the company’s stock.

BankUnited, Inc. (NYSE:BKU) traded up $0.30 during trading on Monday, hitting $34.60. 599,200 shares of the company’s stock traded hands, compared to its average volume of 844,038. BankUnited, Inc. has a one year low of $30.37 and a one year high of $41.00. The firm has a market cap of $3,695.99, a PE ratio of 14.54, a P/E/G ratio of 1.63 and a beta of 1.08. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.96 and a quick ratio of 0.96.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.59 by $0.03. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. The company had revenue of $294.59 million for the quarter, compared to analysts’ expectations of $273.51 million. During the same period last year, the company earned $0.47 EPS. equities research analysts predict that BankUnited, Inc. will post 2.39 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were paid a dividend of $0.21 per share. The ex-dividend date of this dividend was Friday, October 13th. This represents a $0.84 annualized dividend and a dividend yield of 2.43%. BankUnited’s dividend payout ratio is currently 35.29%.

In other BankUnited news, Chairman John Adam Kanas sold 78,190 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $33.18, for a total transaction of $2,594,344.20. Following the sale, the chairman now directly owns 565,076 shares of the company’s stock, valued at approximately $18,749,221.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.90% of the stock is owned by company insiders.

A number of brokerages have recently issued reports on BKU. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $41.00 price target on shares of BankUnited in a report on Thursday, September 28th. Zacks Investment Research downgraded shares of BankUnited from a “hold” rating to a “sell” rating in a report on Tuesday, October 3rd. BMO Capital Markets upgraded shares of BankUnited from a “market perform” rating to an “outperform” rating in a report on Monday. ValuEngine upgraded shares of BankUnited from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, BidaskClub downgraded shares of BankUnited from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $40.27.

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BankUnited Company Profile

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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