Jackson Creek Investment Advisors LLC Buys Shares of 10,636 BankUnited, Inc. $BKU

Jackson Creek Investment Advisors LLC purchased a new position in shares of BankUnited, Inc. (NYSE:BKU) in the 3rd quarter, Holdings Channel reports. The firm purchased 10,636 shares of the financial services provider’s stock, valued at approximately $406,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jones Financial Companies Lllp lifted its position in shares of BankUnited by 4,293.5% in the third quarter. Jones Financial Companies Lllp now owns 1,362 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 1,331 shares in the last quarter. Arizona State Retirement System increased its stake in BankUnited by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 22,256 shares of the financial services provider’s stock valued at $849,000 after buying an additional 298 shares during the last quarter. AlphaQuest LLC lifted its position in BankUnited by 180.7% during the 3rd quarter. AlphaQuest LLC now owns 118,868 shares of the financial services provider’s stock worth $4,536,000 after buying an additional 76,520 shares in the last quarter. Summit Global Investments bought a new stake in BankUnited during the 3rd quarter worth about $698,000. Finally, AE Wealth Management LLC boosted its stake in shares of BankUnited by 13.2% during the 3rd quarter. AE Wealth Management LLC now owns 6,391 shares of the financial services provider’s stock worth $244,000 after buying an additional 744 shares during the last quarter. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently issued reports on BKU. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $44.00 target price on shares of BankUnited in a research report on Thursday, October 23rd. Citigroup boosted their price target on BankUnited from $49.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, January 23rd. Piper Sandler upped their price objective on BankUnited from $42.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, January 22nd. Barclays raised their target price on shares of BankUnited from $47.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. Finally, Susquehanna raised shares of BankUnited to a “positive” rating in a research report on Wednesday, January 21st. Seven analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $52.45.

BankUnited Stock Performance

Shares of NYSE BKU opened at $50.42 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $3.79 billion, a P/E ratio of 14.24 and a beta of 1.31. BankUnited, Inc. has a 12 month low of $28.21 and a 12 month high of $52.11. The stock has a 50 day moving average of $45.80 and a 200-day moving average of $41.10.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.09. BankUnited had a return on equity of 9.09% and a net margin of 14.14%.The business had revenue of $288.20 million for the quarter, compared to analysts’ expectations of $279.76 million. During the same quarter in the prior year, the business earned $0.91 EPS. As a group, equities research analysts predict that BankUnited, Inc. will post 3.13 EPS for the current year.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Friday, January 9th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Friday, January 9th. BankUnited’s dividend payout ratio (DPR) is currently 35.03%.

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.