Pacer Advisors Inc. lifted its stake in shares of BankUnited, Inc. (NYSE:BKU) by 4.7% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,508 shares of the financial services provider’s stock after acquiring an additional 656 shares during the period. Pacer Advisors Inc.’s holdings in BankUnited were worth $489,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Public Employees Retirement Association of Colorado increased its position in shares of BankUnited by 4.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 3,275 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 128 shares during the last quarter. Karp Capital Management Corp acquired a new stake in shares of BankUnited during the 1st quarter worth about $222,000. Janney Montgomery Scott LLC increased its position in shares of BankUnited by 12.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 6,710 shares of the financial services provider’s stock worth $226,000 after purchasing an additional 738 shares during the last quarter. Worth Venture Partners LLC acquired a new stake in shares of BankUnited during the 1st quarter worth about $259,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of BankUnited during the 1st quarter worth about $298,000. Institutional investors and hedge funds own 98.58% of the company’s stock.
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BKU has been the subject of a number of recent analyst reports. Bank of America Corporation reissued a “buy” rating and set a $46.00 price objective on shares of BankUnited in a research report on Monday, July 10th. BidaskClub downgraded BankUnited from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. ValuEngine downgraded BankUnited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Wedbush reaffirmed a “neutral” rating and issued a $35.00 target price on shares of BankUnited in a research report on Tuesday, June 27th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $39.00 target price (down from $40.00) on shares of BankUnited in a research report on Thursday, July 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $41.17.
In other news, insider Jeffrey Starr sold 7,445 shares of BankUnited stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $35.08, for a total value of $261,170.60. Following the completion of the transaction, the insider now owns 29,000 shares in the company, valued at approximately $1,017,320. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Chairman John Adam Kanas sold 200,000 shares of BankUnited stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $32.65, for a total value of $6,530,000.00. Following the completion of the transaction, the chairman now owns 948,070 shares of the company’s stock, valued at approximately $30,954,485.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 586,035 shares of company stock valued at $19,373,735. Insiders own 5.10% of the company’s stock.
Shares of BankUnited, Inc. (NYSE:BKU) opened at 32.33 on Friday. The company’s 50-day moving average price is $33.43 and its 200 day moving average price is $34.78. The stock has a market cap of $3.45 billion, a PE ratio of 14.47 and a beta of 1.07. BankUnited, Inc. has a 1-year low of $28.13 and a 1-year high of $41.00.
BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $269.48 million during the quarter, compared to analyst estimates of $258.47 million. BankUnited had a return on equity of 9.81% and a net margin of 19.54%. During the same quarter last year, the firm earned $0.52 EPS. Equities analysts forecast that BankUnited, Inc. will post $2.38 EPS for the current fiscal year.
BankUnited Company Profile
BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.
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