BankUnited, Inc. (BKU) Shares Bought by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in shares of BankUnited, Inc. (NYSE:BKU) by 1.9% during the first quarter, Holdings Channel reports. The fund owned 553,120 shares of the financial services provider’s stock after buying an additional 10,280 shares during the period. Bank of New York Mellon Corp’s holdings in BankUnited were worth $20,637,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in BKU. Parametrica Management Ltd bought a new stake in BankUnited during the first quarter valued at $308,000. Pacad Investment Ltd. acquired a new stake in BankUnited during the fourth quarter worth $366,000. Quadrature Capital Ltd acquired a new stake in BankUnited during the fourth quarter worth $371,000. Boothbay Fund Management LLC raised its stake in BankUnited by 37.1% in the fourth quarter. Boothbay Fund Management LLC now owns 12,811 shares of the financial services provider’s stock worth $483,000 after buying an additional 3,469 shares during the last quarter. Finally, Seven Eight Capital LP acquired a new stake in BankUnited during the fourth quarter worth $629,000. Institutional investors own 98.84% of the company’s stock.

Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

Shares of BankUnited, Inc. (BKU) opened at 34.46 on Friday. The firm has a market cap of $3.68 billion, a P/E ratio of 15.99 and a beta of 1.05. The firm has a 50-day moving average price of $34.19 and a 200 day moving average price of $36.66. BankUnited, Inc. has a one year low of $27.85 and a one year high of $41.00.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.01. BankUnited had a return on equity of 9.66% and a net margin of 19.38%. The business had revenue of $258.74 million for the quarter, compared to the consensus estimate of $260.46 million. During the same quarter in the prior year, the business posted $0.51 EPS. On average, analysts forecast that BankUnited, Inc. will post $2.37 earnings per share for the current fiscal year.

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A number of analysts have weighed in on BKU shares. Barclays PLC set a $42.00 target price on BankUnited and gave the stock a “buy” rating in a research note on Sunday, April 9th. Deutsche Bank AG cut their price target on BankUnited to $43.00 in a research note on Friday, March 24th. J P Morgan Chase & Co lowered BankUnited from an “overweight” rating to a “neutral” rating and cut their price target for the company from $42.00 to $39.00 in a research note on Wednesday, April 26th. Keefe, Bruyette & Woods restated a “buy” rating and set a $41.00 price target on shares of BankUnited in a research note on Friday, May 26th. Finally, Zacks Investment Research upgraded BankUnited from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Tuesday, February 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $39.75.

In other news, Chairman John Adam Kanas sold 102,915 shares of the stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $33.92, for a total value of $3,490,876.80. Following the transaction, the chairman now owns 1,145,155 shares in the company, valued at approximately $38,843,657.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 5.10% of the company’s stock.

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 TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BKU”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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