Tudor Investment Corp ET AL Acquires Shares of 199,131 BankUnited, Inc. $BKU

Tudor Investment Corp ET AL acquired a new position in shares of BankUnited, Inc. (NYSE:BKU) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 199,131 shares of the financial services provider’s stock, valued at approximately $7,599,000. Tudor Investment Corp ET AL owned about 0.27% of BankUnited as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Smartleaf Asset Management LLC raised its position in shares of BankUnited by 23.5% in the third quarter. Smartleaf Asset Management LLC now owns 1,452 shares of the financial services provider’s stock valued at $55,000 after buying an additional 276 shares in the last quarter. Arizona State Retirement System increased its position in BankUnited by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 22,256 shares of the financial services provider’s stock worth $849,000 after purchasing an additional 298 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of BankUnited by 7.7% in the 3rd quarter. GAMMA Investing LLC now owns 5,132 shares of the financial services provider’s stock valued at $196,000 after acquiring an additional 368 shares during the last quarter. Amalgamated Bank boosted its stake in shares of BankUnited by 1.8% during the third quarter. Amalgamated Bank now owns 21,812 shares of the financial services provider’s stock valued at $832,000 after purchasing an additional 393 shares in the last quarter. Finally, Savant Capital LLC boosted its position in BankUnited by 1.8% during the 3rd quarter. Savant Capital LLC now owns 23,826 shares of the financial services provider’s stock worth $909,000 after buying an additional 432 shares during the period. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Royal Bank Of Canada boosted their price objective on shares of BankUnited from $48.00 to $53.00 and gave the stock a “sector perform” rating in a research note on Thursday, January 22nd. Keefe, Bruyette & Woods raised their target price on BankUnited from $42.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, January 22nd. Wells Fargo & Company lifted their target price on BankUnited from $42.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Zacks Research upgraded BankUnited from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 12th. Finally, Raymond James Financial set a $55.00 price objective on BankUnited in a research report on Wednesday, January 21st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $53.55.

Insider Activity

In related news, insider Kevin A. Malcolm sold 3,447 shares of the firm’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $47.11, for a total transaction of $162,388.17. Following the completion of the sale, the insider owned 11,500 shares of the company’s stock, valued at $541,765. This trade represents a 23.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jay D. Richards sold 3,506 shares of BankUnited stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $49.83, for a total value of $174,703.98. Following the completion of the sale, the insider owned 35,687 shares of the company’s stock, valued at approximately $1,778,283.21. The trade was a 8.95% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 11,953 shares of company stock valued at $591,492 in the last ninety days. 1.15% of the stock is owned by company insiders.

BankUnited Trading Up 2.2%

BKU opened at $44.57 on Tuesday. BankUnited, Inc. has a twelve month low of $28.21 and a twelve month high of $52.11. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average of $47.17 and a 200-day moving average of $43.32. The stock has a market cap of $3.28 billion, a PE ratio of 12.59 and a beta of 1.29.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.09. BankUnited had a net margin of 14.14% and a return on equity of 9.09%. The business had revenue of $260.80 million for the quarter, compared to analyst estimates of $279.76 million. During the same quarter in the previous year, the business earned $0.91 earnings per share. On average, sell-side analysts predict that BankUnited, Inc. will post 3.13 EPS for the current year.

About BankUnited

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.