Cipher Capital LP Purchases 35,824 Shares of BankUnited, Inc. (BKU)

Cipher Capital LP boosted its stake in shares of BankUnited, Inc. (NYSE:BKU) by 54.2% during the fourth quarter, Holdings Channel reports. The firm owned 101,965 shares of the financial services provider’s stock after buying an additional 35,824 shares during the period. Cipher Capital LP owned approximately 0.10% of BankUnited worth $3,843,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Aperio Group LLC raised its position in shares of BankUnited by 1.6% in the third quarter. Aperio Group LLC now owns 6,832 shares of the financial services provider’s stock valued at $206,000 after buying an additional 105 shares during the period. BB&T Securities LLC raised its position in shares of BankUnited by 3.3% in the third quarter. BB&T Securities LLC now owns 10,552 shares of the financial services provider’s stock valued at $318,000 after buying an additional 333 shares during the period. Eagle Boston Investment Management Inc. raised its position in shares of BankUnited by 1.0% in the third quarter. Eagle Boston Investment Management Inc. now owns 52,861 shares of the financial services provider’s stock valued at $1,596,000 after buying an additional 548 shares during the period. FDx Advisors Inc. raised its position in shares of BankUnited by 1.7% in the second quarter. FDx Advisors Inc. now owns 42,184 shares of the financial services provider’s stock valued at $1,296,000 after buying an additional 694 shares during the period. Finally, Calvert Investment Management Inc. raised its position in shares of BankUnited by 9.4% in the second quarter. Calvert Investment Management Inc. now owns 8,490 shares of the financial services provider’s stock valued at $261,000 after buying an additional 731 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

BankUnited, Inc. (NYSE:BKU) traded down 0.03% on Friday, hitting $38.78. The stock had a trading volume of 518,639 shares. The stock’s 50-day moving average is $37.40 and its 200 day moving average is $33.17. BankUnited, Inc. has a 1-year low of $27.85 and a 1-year high of $39.37. The firm has a market capitalization of $4.04 billion, a price-to-earnings ratio of 18.52 and a beta of 1.01.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, January 25th. The financial services provider reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.05. BankUnited had a return on equity of 9.72% and a net margin of 19.37%. The company had revenue of $256.80 million for the quarter, compared to analysts’ expectations of $254.98 million. During the same period in the previous year, the firm posted $0.52 earnings per share. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, equities research analysts predict that BankUnited, Inc. will post $2.43 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, January 31st. Shareholders of record on Friday, January 13th were paid a dividend of $0.21 per share. The ex-dividend date was Wednesday, January 11th. This represents a $0.84 annualized dividend and a yield of 2.17%. BankUnited’s payout ratio is currently 40.19%.

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Several brokerages recently weighed in on BKU. Stephens began coverage on BankUnited in a report on Wednesday, December 21st. They set an “overweight” rating and a $44.00 target price for the company. FIG Partners restated a “market-perform” rating on shares of BankUnited in a report on Wednesday, November 30th. Zacks Investment Research cut BankUnited from a “buy” rating to a “hold” rating in a report on Monday, January 30th. Barclays PLC increased their target price on BankUnited from $40.00 to $43.00 and gave the company an “overweight” rating in a report on Thursday, January 26th. Finally, TheStreet upgraded BankUnited from a “hold” rating to a “buy” rating in a report on Wednesday, November 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $36.63.

In other BankUnited news, Director Eugene F. Demark sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, December 12th. The stock was sold at an average price of $37.54, for a total transaction of $37,540.00. Following the sale, the director now directly owns 15,682 shares of the company’s stock, valued at $588,702.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Chairman John Adam Kanas sold 2,226,258 shares of the business’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $37.62, for a total value of $83,751,825.96. Following the sale, the chairman now directly owns 3,495,138 shares in the company, valued at $131,487,091.56. The disclosure for this sale can be found here. Insiders have sold 2,232,258 shares of company stock worth $83,977,216 over the last three months. 5.10% of the stock is currently owned by insiders.

About BankUnited

BankUnited, Inc is the bank holding company of BankUnited, National Association (the Bank). The Bank provides a range of banking services to individual and corporate customers through approximately 100 branches. The Company offers a range of lending products, including small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit and consumer loans.

5 Day Chart for NYSE:BKU

Want to see what other hedge funds are holding BKU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BankUnited, Inc. (NYSE:BKU).

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