WBI Investments LLC Reduces Stock Position in BankUnited, Inc. (NYSE:BKU)

WBI Investments LLC reduced its position in shares of BankUnited, Inc. (NYSE:BKU) by 6.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,576 shares of the financial services provider’s stock after selling 993 shares during the period. WBI Investments LLC’s holdings in BankUnited were worth $440,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Quest Partners LLC purchased a new position in shares of BankUnited during the fourth quarter valued at approximately $1,329,000. Wolverine Asset Management LLC lifted its holdings in shares of BankUnited by 11,419.0% during the fourth quarter. Wolverine Asset Management LLC now owns 11,519 shares of the financial services provider’s stock valued at $374,000 after purchasing an additional 11,419 shares during the last quarter. Nordea Investment Management AB lifted its holdings in shares of BankUnited by 24.6% during the fourth quarter. Nordea Investment Management AB now owns 124,072 shares of the financial services provider’s stock valued at $4,042,000 after purchasing an additional 24,498 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of BankUnited by 17.2% during 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 last quarter. Finally, FMR LLC lifted its holdings in shares of BankUnited by 23.2% during the third quarter. FMR LLC now owns 1,539,176 shares of the financial services provider’s stock valued at $34,939,000 after purchasing an additional 290,232 shares during the last quarter. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

BankUnited Price Performance

Shares of NYSE:BKU traded down $0.30 during midday trading on Thursday, reaching $28.71. 87,177 shares of the company were exchanged, compared to its average volume of 842,210. BankUnited, Inc. has a one year low of $18.54 and a one year high of $34.22. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.48. The business’s fifty day moving average is $27.51 and its two-hundred day moving average is $28.06. The stock has a market cap of $2.15 billion, a PE ratio of 12.50 and a beta of 1.34.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.02. The firm had revenue of $508.35 million during the quarter, compared to analyst estimates of $239.84 million. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. During the same quarter last year, the business earned $0.70 EPS. As a group, analysts predict that BankUnited, Inc. will post 2.74 earnings per share for the current year.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BKU shares. Keefe, Bruyette & Woods lowered their target price on shares of BankUnited from $33.00 to $31.00 and set a “market perform” rating for the company in a report on Thursday, April 18th. StockNews.com raised BankUnited from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Citigroup decreased their target price on BankUnited from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, January 29th. Barclays began coverage on shares of BankUnited in a report on Friday, March 8th. They set an “equal weight” rating and a $29.00 price target on the stock. Finally, Wedbush lowered 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. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $30.50.

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.