Cipher Capital LP Increases Stake in BankUnited, Inc. (BKU)

Cipher Capital LP boosted its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 19.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 116,677 shares of the financial services provider’s stock after purchasing an additional 18,673 shares during the quarter. Cipher Capital LP owned about 0.11% of BankUnited worth $4,150,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of BKU. BlackRock Inc. raised its stake in BankUnited by 14,458.5% during the 1st quarter. BlackRock Inc. now owns 4,958,929 shares of the financial services provider’s stock valued at $185,017,000 after purchasing an additional 4,924,867 shares during the period. BNP Paribas Arbitrage SA increased its stake in BankUnited by 3,522.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 971,171 shares of the financial services provider’s stock worth $32,738,000 after acquiring an additional 944,359 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in BankUnited by 11.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 7,666,132 shares of the financial services provider’s stock worth $258,425,000 after acquiring an additional 792,163 shares during the last quarter. SG Americas Securities LLC increased its stake in BankUnited by 5,718.4% in the 2nd quarter. SG Americas Securities LLC now owns 687,265 shares of the financial services provider’s stock worth $23,168,000 after acquiring an additional 675,453 shares during the last quarter. Finally, LSV Asset Management increased its stake in BankUnited by 180.4% in the 2nd quarter. LSV Asset Management now owns 750,354 shares of the financial services provider’s stock worth $25,294,000 after acquiring an additional 482,754 shares during the last quarter. 95.94% of the stock is currently owned by institutional investors.

In other news, insider Mark Bagnoli sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total value of $35,880.00. Following the completion of the transaction, the insider now directly owns 19,699 shares of the company’s stock, valued at approximately $706,800.12. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.

A number of analysts have issued reports on BKU shares. BidaskClub downgraded BankUnited from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. ValuEngine downgraded BankUnited from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Keefe, Bruyette & Woods reissued a “buy” rating and set a $41.00 target price on shares of BankUnited in a research report on Thursday, September 28th. Zacks Investment Research downgraded BankUnited from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, J P Morgan Chase & Co downgraded BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 target price on the stock. in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.50.

Shares of BankUnited, Inc. (BKU) traded up $0.17 during mid-day trading on Friday, hitting $37.40. The company’s stock had a trading volume of 703,203 shares, compared to its average volume of 985,362. The stock has a market cap of $3,995.07, a PE ratio of 15.71, a price-to-earnings-growth ratio of 1.77 and a beta of 1.09. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.86. BankUnited, Inc. has a twelve month low of $30.37 and a twelve month high of $41.00.

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

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About BankUnited

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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