Ameriprise Financial Inc. Has $19.22 Million Holdings in BankUnited (BKU)

Ameriprise Financial Inc. boosted its holdings in shares of BankUnited (NYSE:BKU) by 11.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 540,128 shares of the financial services provider’s stock after purchasing an additional 53,656 shares during the period. Ameriprise Financial Inc. owned about 0.51% of BankUnited worth $19,216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BKU. Public Employees Retirement Association of Colorado increased its holdings in shares of 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. ProShare Advisors LLC increased its holdings in shares of BankUnited by 0.8% during the second quarter. ProShare Advisors LLC now owns 18,716 shares of the financial services provider’s stock worth $631,000 after buying an additional 146 shares in the last quarter. Teton Advisors Inc. increased its holdings in shares of BankUnited by 1.0% during the second quarter. Teton Advisors Inc. now owns 25,670 shares of the financial services provider’s stock worth $865,000 after buying an additional 257 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of BankUnited by 8.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock worth $124,000 after buying an additional 276 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of BankUnited by 0.6% during the second quarter. Legal & General Group Plc now owns 65,776 shares of the financial services provider’s stock worth $2,217,000 after buying an additional 413 shares in the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

Shares of BankUnited (NYSE BKU) traded down $0.36 during trading on Tuesday, hitting $39.75. 932,300 shares of the company were exchanged, compared to its average volume of 853,153. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.86. The firm has a market capitalization of $4,250.00, a price-to-earnings ratio of 16.85, a P/E/G ratio of 1.89 and a beta of 1.09. BankUnited has a fifty-two week low of $30.37 and a fifty-two week high of $41.64.

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

In other BankUnited news, insider Mark Bagnoli sold 1,000 shares of BankUnited stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total transaction of $35,880.00. Following the completion of the sale, the insider now owns 19,699 shares of the company’s stock, valued at approximately $706,800.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.90% of the company’s stock.

BKU has been the subject of several recent analyst reports. Barclays reaffirmed a “buy” rating and set a $42.00 price objective on shares of BankUnited in a report on Tuesday, December 5th. ValuEngine raised shares of BankUnited from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $41.00 price objective on shares of BankUnited in a report on Thursday, September 28th. Deutsche Bank dropped their price objective on shares of BankUnited from $42.00 to $40.00 and set a “hold” rating for the company in a report on Wednesday, November 8th. Finally, BMO Capital Markets raised shares of BankUnited from a “market perform” rating to an “outperform” rating in a report on Monday, November 20th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $40.60.

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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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