BankUnited (NYSE:BKU) Position Raised by US Bancorp DE

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US Bancorp DE boosted its position in BankUnited (NYSE:BKU) by 167.9% in the first quarter, HoldingsChannel.com reports. The firm owned 16,778 shares of the financial services provider’s stock after acquiring an additional 10,516 shares during the quarter. US Bancorp DE’s holdings in BankUnited were worth $561,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc raised its position in shares of BankUnited by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 10,629,463 shares of the financial services provider’s stock worth $376,283,000 after purchasing an additional 174,690 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in shares of BankUnited by 3.0% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 6,839,050 shares of the financial services provider’s stock worth $204,761,000 after purchasing an additional 199,026 shares during the last quarter. BlackRock Inc. raised its position in shares of BankUnited by 1.0% during the 4th quarter. BlackRock Inc. now owns 4,554,356 shares of the financial services provider’s stock worth $136,358,000 after purchasing an additional 43,397 shares during the last quarter. Jennison Associates LLC raised its position in shares of BankUnited by 1.0% during the 4th quarter. Jennison Associates LLC now owns 3,415,138 shares of the financial services provider’s stock worth $102,249,000 after purchasing an additional 32,810 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of BankUnited by 32.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,403,471 shares of the financial services provider’s stock worth $71,961,000 after purchasing an additional 583,302 shares during the last quarter. Hedge funds and other institutional investors own 96.98% of the company’s stock.

Several analysts have commented on the stock. Zacks Investment Research raised shares of BankUnited from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Friday, May 24th. Stephens cut shares of BankUnited from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, March 6th. ValuEngine raised shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Sandler O’Neill cut shares of BankUnited from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Finally, Barclays cut shares of BankUnited from an “overweight” rating to an “underweight” rating and lifted their target price for the stock from $35.75 to $37.00 in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.67.

Shares of NYSE BKU traded down $0.28 during trading on Wednesday, hitting $33.22. 11,937 shares of the company traded hands, compared to its average volume of 787,253. BankUnited has a 1 year low of $28.05 and a 1 year high of $44.66. The stock has a market capitalization of $3.26 billion, a PE ratio of 14.07, a P/E/G ratio of 1.32 and a beta of 1.16. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.72.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, April 24th. The financial services provider reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. BankUnited had a net margin of 19.06% and a return on equity of 10.30%. The company had revenue of $227.16 million during the quarter, compared to analysts’ expectations of $219.03 million. During the same period in the previous year, the company earned $0.77 EPS. Equities research analysts expect that BankUnited will post 2.83 EPS for the current fiscal year.

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BankUnited 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, savings accounts, and certificates of deposit; and treasury management services.

Further Reading: What is a Buy-Side Analyst?

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Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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