Trexquant Investment LP Purchases 25,844 Shares of BankUnited, Inc. (NYSE:BKU)

Trexquant Investment LP grew its position in BankUnited, Inc. (NYSE:BKU) by 58.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 69,687 shares of the financial services provider’s stock after acquiring an additional 25,844 shares during the period. Trexquant Investment LP owned 0.09% of BankUnited worth $2,260,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in BankUnited by 7.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,596,577 shares of the financial services provider’s stock valued at $116,639,000 after purchasing an additional 251,281 shares during the period. Teacher Retirement System of Texas acquired a new stake in BankUnited in the fourth quarter valued at $532,000. Charles Schwab Investment Management Inc. increased its holdings in BankUnited by 17.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,448,921 shares of the financial services provider’s stock valued at $46,989,000 after purchasing an additional 212,496 shares during the period. LSV Asset Management increased its holdings in BankUnited by 3.4% in the fourth quarter. LSV Asset Management now owns 2,427,027 shares of the financial services provider’s stock valued at $78,708,000 after purchasing an additional 80,577 shares during the period. Finally, Natixis Advisors L.P. increased its holdings in BankUnited by 6.8% in the fourth quarter. Natixis Advisors L.P. now owns 43,653 shares of the financial services provider’s stock valued at $1,415,000 after purchasing an additional 2,762 shares during the period. 99.70% of the stock is currently owned by institutional investors.

BankUnited Price Performance

BKU stock opened at $28.52 on Friday. The stock has a market capitalization of $2.13 billion, a PE ratio of 12.29 and a beta of 1.34. The company’s 50-day moving average is $27.58 and its 200-day moving average is $28.12. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.88 and a quick ratio of 0.88. BankUnited, Inc. has a 1 year low of $18.54 and a 1 year high of $34.22.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $508.35 million for 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 quarter in the prior year, the firm earned $0.70 EPS. Equities research analysts expect that BankUnited, Inc. will post 2.74 EPS for the current fiscal year.

Insider Transactions at BankUnited

In related news, insider Kevin A. Malcolm sold 2,285 shares of the firm’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $27.18, for a total value of $62,106.30. Following the transaction, the insider now owns 11,750 shares of the company’s stock, valued at approximately $319,365. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director John N. Digiacomo sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $29.28, for a total value of $43,920.00. Following the transaction, the director now owns 13,482 shares of the company’s stock, valued at approximately $394,752.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Kevin A. Malcolm sold 2,285 shares of BankUnited stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $27.18, for a total transaction of $62,106.30. Following the transaction, the insider now directly owns 11,750 shares in the company, valued at approximately $319,365. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Citigroup decreased their price objective on BankUnited from $34.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, January 29th. Wedbush decreased their price objective on BankUnited from $34.00 to $31.00 and set a “neutral” rating for the company in a report on Monday, January 29th. Royal Bank of Canada decreased their price target on BankUnited from $33.00 to $29.00 and set a “sector perform” rating for the company in a report on Tuesday, April 9th. StockNews.com upgraded BankUnited from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Finally, JPMorgan Chase & Co. decreased their price target on BankUnited from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, April 4th. Two analysts have rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat, BankUnited has a consensus rating of “Hold” and a consensus target price of $30.50.

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.