Semanteon Capital Management LP Sells 16,620 Shares of BankUnited, Inc. (NYSE:BKU)

Semanteon Capital Management LP cut its position in BankUnited, Inc. (NYSE:BKU) by 43.7% in the third quarter, HoldingsChannel.com reports. The firm owned 21,448 shares of the financial services provider’s stock after selling 16,620 shares during the period. Semanteon Capital Management LP’s holdings in BankUnited were worth $782,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of BKU. CWM LLC lifted its position in BankUnited by 307.6% during the second quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 1,455 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of BankUnited during the first quarter worth $57,000. Meeder Asset Management Inc. purchased a new stake in shares of BankUnited during the 2nd quarter valued at $74,000. GAMMA Investing LLC boosted its position in shares of BankUnited by 17.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 686 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of BankUnited in the 3rd quarter worth $181,000. 99.70% of the stock is owned by hedge funds and other institutional investors.

BankUnited Stock Performance

NYSE:BKU traded up $0.72 during trading hours on Monday, reaching $35.31. The company had a trading volume of 28,321 shares, compared to its average volume of 811,421. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.87. BankUnited, Inc. has a 1-year low of $21.29 and a 1-year high of $39.51. The business’s 50 day moving average price is $36.41 and its 200-day moving average price is $32.49. The firm has a market cap of $2.64 billion, a PE ratio of 15.34 and a beta of 1.33.

BankUnited (NYSE:BKU) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The firm had revenue of $515.24 million during the quarter, compared to analysts’ expectations of $258.65 million. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. During the same period in the previous year, the business posted $0.63 EPS. Research analysts forecast that BankUnited, Inc. will post 2.86 EPS for the current year.

BankUnited Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 11th will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend is Friday, October 11th. BankUnited’s payout ratio is currently 50.00%.

Analyst Upgrades and Downgrades

BKU has been the topic of several recent analyst reports. Citigroup cut their price objective on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. JPMorgan Chase & Co. raised their price target on shares of BankUnited from $34.50 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, July 23rd. Wedbush boosted their price objective on shares of BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Hovde Group raised their target price on BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Finally, Barclays increased their price objective on BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $36.40.

Insider Activity

In related news, Director William S. Rubenstein sold 7,864 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total value of $303,314.48. Following the transaction, the director now directly owns 10,282 shares of the company’s stock, valued at approximately $396,576.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.19% of the company’s stock.

BankUnited Company 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.