Fox Run Management L.L.C. Invests $555,000 in BankUnited, Inc. (BKU) Stock

Fox Run Management L.L.C. acquired a new stake in shares of BankUnited, Inc. (NYSE:BKU) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 15,600 shares of the financial services provider’s stock, valued at approximately $555,000.

A number of other institutional investors have also made changes to their positions in BKU. Public Employees Retirement Association of Colorado lifted its position in BankUnited by 4.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 3,275 shares of the financial services provider’s stock worth $110,000 after buying an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in BankUnited by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 276 shares during the period. QS Investors LLC grew its stake in BankUnited by 9.6% in the second quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 550 shares in the last quarter. LaSalle Street Capital Management LLC bought a new stake in BankUnited during the second quarter worth approximately $221,000. Finally, Karp Capital Management Corp acquired a new position in BankUnited in the first quarter worth approximately $222,000. 96.11% of the stock is currently owned by institutional investors.

BankUnited, Inc. (NYSE BKU) traded up $0.59 on Tuesday, reaching $33.57. 1,012,600 shares of the company’s stock were exchanged, compared to its average volume of 842,322. BankUnited, Inc. has a 52-week low of $30.37 and a 52-week high of $41.00. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.86. The company has a market cap of $3,522.94, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 1.56 and a beta of 1.08.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.03. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. The company had revenue of $294.59 million during the quarter, compared to analyst estimates of $273.51 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. research analysts expect that BankUnited, Inc. will post 2.39 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.50%. The ex-dividend date was Friday, October 13th. BankUnited’s dividend payout ratio is currently 35.29%.

In other news, Chairman John Adam Kanas sold 78,190 shares of BankUnited stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $33.18, for a total value of $2,594,344.20. Following the completion of the transaction, the chairman now owns 565,076 shares of the company’s stock, valued at approximately $18,749,221.68. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 2.90% of the company’s stock.

A number of analysts recently weighed in on BKU shares. Deutsche Bank AG lowered their target price 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. ValuEngine lowered shares of BankUnited from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Keefe, Bruyette & Woods restated a “buy” rating and set a $41.00 price target on shares of BankUnited in a research note on Thursday, September 28th. J P Morgan Chase & Co downgraded shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 target price on the stock. in a research note on Wednesday, November 1st. Finally, Zacks Investment Research cut 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, three have given a hold rating and seven have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $40.27.

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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.

Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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