Russell Investments Group Ltd. boosted its stake in BankUnited (NYSE:BKU) by 26.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,170 shares of the financial services provider’s stock after buying an additional 70,896 shares during the period. Russell Investments Group Ltd.’s holdings in BankUnited were worth $13,358,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of BKU. Amica Retiree Medical Trust acquired a new position in shares of BankUnited during the fourth quarter valued at $138,000. Timber Hill LLC bought a new position in BankUnited during the first quarter valued at about $203,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in BankUnited by 49.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,511 shares of the financial services provider’s stock valued at $224,000 after buying an additional 1,818 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of BankUnited by 109.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 6,858 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 3,582 shares during the period. Finally, Algert Global LLC acquired a new position in shares of BankUnited in the 1st quarter valued at $297,000. 94.13% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Rajinder P. Singh sold 122,451 shares of the firm’s stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $41.89, for a total transaction of $5,129,472.39. Following the sale, the insider now owns 327,672 shares of the company’s stock, valued at approximately $13,726,180.08. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Mark Bagnoli sold 1,000 shares of the firm’s stock in a transaction on Friday, May 4th. The stock was sold at an average price of $40.63, for a total value of $40,630.00. Following the transaction, the insider now directly owns 25,118 shares of the company’s stock, valued at $1,020,544.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 198,378 shares of company stock worth $8,411,444. Company insiders own 2.30% of the company’s stock.
NYSE:BKU opened at $43.71 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $4.64 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 1.50 and a beta of 1.07. BankUnited has a 12-month low of $30.37 and a 12-month high of $44.97.
BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, April 25th. The financial services provider reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.05. The company had revenue of $275.80 million for the quarter, compared to analyst estimates of $271.96 million. BankUnited had a return on equity of 11.16% and a net margin of 45.31%. During the same quarter last year, the company earned $0.57 earnings per share. equities research analysts predict that BankUnited will post 3.3 EPS for the current fiscal year.
A number of equities research analysts have commented on BKU shares. ValuEngine lowered BankUnited from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. UBS Group initiated coverage on BankUnited in a research note on Wednesday, March 21st. They issued a “neutral” rating and a $45.00 price objective on the stock. Zacks Investment Research raised BankUnited from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research note on Wednesday, March 28th. Finally, Sandler O’Neill raised BankUnited from a “hold” rating to a “buy” rating in a research report on Thursday, April 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $42.92.
BankUnited Company Profile
BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts, as well as certificates of deposit; and treasury management services.
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