Wolverine Asset Management LLC Buys 11,419 Shares of BankUnited, Inc. (NYSE:BKU)

Wolverine Asset Management LLC boosted its stake in shares of BankUnited, Inc. (NYSE:BKU) by 11,419.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,519 shares of the financial services provider’s stock after purchasing an additional 11,419 shares during the period. Wolverine Asset Management LLC’s holdings in BankUnited were worth $374,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordea Investment Management AB raised its position in BankUnited by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 124,072 shares of the financial services provider’s stock worth $4,042,000 after acquiring an additional 24,498 shares during the period. FMR LLC raised its position in BankUnited by 23.2% in the third quarter. FMR LLC now owns 1,539,176 shares of the financial services provider’s stock worth $34,939,000 after acquiring an additional 290,232 shares during the period. Schonfeld Strategic Advisors LLC raised its position in BankUnited by 84.6% in the third quarter. Schonfeld Strategic Advisors LLC now owns 262,741 shares of the financial services provider’s stock worth $5,964,000 after acquiring an additional 120,441 shares during the period. O Shaughnessy Asset Management LLC raised its position in BankUnited by 129.1% in the third quarter. O Shaughnessy Asset Management LLC now owns 70,116 shares of the financial services provider’s stock worth $1,592,000 after acquiring an additional 39,507 shares during the period. Finally, Graham Capital Management L.P. raised its position in BankUnited by 272.2% in the third quarter. Graham Capital Management L.P. now owns 132,681 shares of the financial services provider’s stock worth $3,012,000 after acquiring an additional 97,034 shares during the period. Institutional investors own 99.70% of the company’s stock.

Insider Activity at BankUnited

In other BankUnited news, insider Kevin A. Malcolm sold 2,285 shares of BankUnited stock in a transaction on Tuesday, March 5th. The shares were sold at an average price of $27.18, for a total value of $62,106.30. Following the completion of the transaction, the insider now directly owns 11,750 shares of the company’s stock, valued at approximately $319,365. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.19% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays assumed coverage on shares of BankUnited in a research report on Friday, March 8th. They issued an “equal weight” rating and a $29.00 price target on the stock. Keefe, Bruyette & Woods decreased their price objective on shares of BankUnited from $33.00 to $31.00 and set a “market perform” rating on the stock in a research report on Thursday, April 18th. Wells Fargo & Company raised their price objective on shares of BankUnited from $26.00 to $28.00 and gave the company an “equal weight” rating in a research report on Monday, January 29th. Citigroup decreased their price objective on shares of BankUnited from $34.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, January 29th. Finally, Wedbush decreased their price objective on shares of BankUnited from $34.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, January 29th. Three analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $30.50.

BankUnited Stock Performance

BKU opened at $27.26 on Friday. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of 11.75 and a beta of 1.36. The company has a fifty day moving average of $26.85 and a 200 day moving average of $27.20. BankUnited, Inc. has a fifty-two week low of $15.83 and a fifty-two week high of $34.22. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.92 and a current ratio of 0.88.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $508.35 million during the quarter, compared to analysts’ expectations of $239.84 million. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. During the same period last year, the company posted $0.70 earnings per share. As a group, sell-side analysts forecast that BankUnited, Inc. will post 2.73 earnings per share for the current fiscal year.

BankUnited Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 12th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.26%. This is a boost from BankUnited’s previous quarterly dividend of $0.27. The ex-dividend date is Thursday, April 11th. BankUnited’s dividend payout ratio (DPR) is presently 50.00%.

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.