LaSalle Street Capital Management LLC increased its position in shares of BankUnited, Inc. (NYSE:BKU) by 66.1% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,890 shares of the financial services provider’s stock after purchasing an additional 4,333 shares during the quarter. LaSalle Street Capital Management LLC’s holdings in BankUnited were worth $387,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Principal Financial Group Inc. increased its position in BankUnited by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 16,346 shares of the financial services provider’s stock valued at $610,000 after acquiring an additional 258 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in BankUnited by 4.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,115,833 shares of the financial services provider’s stock worth $41,632,000 after acquiring an additional 43,169 shares during the last quarter. Aperio Group LLC boosted its stake in BankUnited by 231.3% during the 2nd quarter. Aperio Group LLC now owns 19,677 shares of the financial services provider’s stock worth $663,000 after acquiring an additional 13,737 shares during the last quarter. Skylands Capital LLC boosted its stake in BankUnited by 6.0% during the 2nd quarter. Skylands Capital LLC now owns 98,700 shares of the financial services provider’s stock worth $3,327,000 after acquiring an additional 5,600 shares during the last quarter. Finally, Manning & Napier Advisors LLC bought a new position in BankUnited during the 2nd quarter worth approximately $653,000. Institutional investors and hedge funds own 95.93% of the company’s stock.
In other news, insider Mark Bagnoli sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total value of $35,880.00. Following the completion of the sale, the insider now owns 19,699 shares of the company’s stock, valued at $706,800.12. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.
BankUnited, Inc. (BKU) traded up $2.22 during trading hours on Monday, hitting $39.62. 2,263,109 shares of the company’s stock traded hands, compared to its average volume of 849,706. BankUnited, Inc. has a 12-month low of $30.37 and a 12-month high of $41.00. The firm has a market capitalization of $3,995.09, a P/E ratio of 15.71, a P/E/G ratio of 1.77 and a beta of 1.09. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.96 and a current ratio of 0.96.
BankUnited (NYSE:BKU) last announced its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.59 by $0.03. The company had revenue of $294.59 million during the quarter, compared to analysts’ expectations of $273.51 million. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. During the same quarter in the previous year, the business posted $0.47 earnings per share. equities research analysts expect that BankUnited, Inc. will post 2.39 earnings per share for the current year.
BKU has been the topic of a number of research reports. ValuEngine raised shares of BankUnited from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $41.00 price target on shares of BankUnited in a research note on Thursday, September 28th. Deutsche Bank cut their price target on shares of BankUnited from $42.00 to $40.00 and set a “hold” rating on the stock in a research note on Wednesday, November 8th. BMO Capital Markets raised shares of BankUnited from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Finally, Zacks Investment Research lowered shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and eight have given a buy rating to the company. BankUnited has a consensus rating of “Hold” and a consensus price target of $40.50.
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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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