Wolverine Asset Management LLC Has $257,000 Stake in BankUnited, Inc. (NYSE:BKU)

Wolverine Asset Management LLC lowered its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 39.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,730 shares of the financial services provider’s stock after selling 4,331 shares during the period. Wolverine Asset Management LLC’s holdings in BankUnited were worth $257,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Alpha DNA Investment Management LLC acquired a new stake in shares of BankUnited during the 3rd quarter valued at about $443,000. SG Americas Securities LLC lifted its position in shares of BankUnited by 462.0% during the 4th quarter. SG Americas Securities LLC now owns 27,955 shares of the financial services provider’s stock worth $1,067,000 after buying an additional 22,981 shares during the period. BNP Paribas Financial Markets boosted its stake in BankUnited by 211.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 59,594 shares of the financial services provider’s stock valued at $2,172,000 after buying an additional 40,461 shares in the last quarter. MML Investors Services LLC bought a new stake in BankUnited in the third quarter valued at $347,000. Finally, LMR Partners LLP acquired a new position in BankUnited during the third quarter worth $557,000. Institutional investors own 99.70% of the company’s stock.

BankUnited Price Performance

NYSE:BKU opened at $37.81 on Monday. BankUnited, Inc. has a 52-week low of $24.34 and a 52-week high of $44.45. The company has a market cap of $2.83 billion, a P/E ratio of 12.27 and a beta of 1.37. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.88 and a current ratio of 0.86. The stock’s 50-day simple moving average is $39.48 and its 200 day simple moving average is $38.33.

BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, January 22nd. The financial services provider reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.19. BankUnited had a net margin of 11.48% and a return on equity of 8.48%. During the same quarter in the prior year, the business earned $0.26 EPS. As a group, sell-side analysts forecast that BankUnited, Inc. will post 3.13 EPS for the current fiscal year.

BankUnited Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 10th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date of this dividend was Friday, January 10th. BankUnited’s dividend payout ratio is presently 37.66%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada upped their target price on shares of BankUnited from $42.00 to $43.00 and gave the stock a “sector perform” rating in a report on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on shares of BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a report on Tuesday, November 26th. Wells Fargo & Company boosted their target price on BankUnited from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. Keefe, Bruyette & Woods raised their price target on BankUnited from $38.00 to $45.00 and gave the company a “market perform” rating in a report on Wednesday, December 4th. Finally, Barclays reduced their price objective on BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.40.

BankUnited 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.