Kennedy Capital Management Inc. cut its position in shares of BankUnited, Inc. (NYSE:BKU) by 22.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 571,370 shares of the financial services provider’s stock after selling 164,469 shares during the quarter. Kennedy Capital Management Inc. owned approximately 0.53% of BankUnited worth $19,261,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of BKU. ProShare Advisors LLC grew its holdings in shares of BankUnited by 6.6% during the first quarter. ProShare Advisors LLC now owns 18,570 shares of the financial services provider’s stock worth $693,000 after buying an additional 1,146 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of BankUnited by 32.1% during the first quarter. Russell Investments Group Ltd. now owns 71,006 shares of the financial services provider’s stock worth $2,649,000 after buying an additional 17,263 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of BankUnited by 82.2% during the first quarter. Canada Pension Plan Investment Board now owns 18,400 shares of the financial services provider’s stock worth $687,000 after buying an additional 8,300 shares in the last quarter. LSV Asset Management grew its holdings in shares of BankUnited by 2,840.7% during the first quarter. LSV Asset Management now owns 267,600 shares of the financial services provider’s stock worth $9,984,000 after buying an additional 258,500 shares in the last quarter. Finally, Capital Fund Management S.A. grew its holdings in shares of BankUnited by 1,375.7% during the first quarter. Capital Fund Management S.A. now owns 96,764 shares of the financial services provider’s stock worth $3,610,000 after buying an additional 90,207 shares in the last quarter. Institutional investors and hedge funds own 98.58% of the company’s stock.

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In other BankUnited news, insider Jeffrey Starr sold 7,445 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $35.08, for a total transaction of $261,170.60. Following the completion of the sale, the insider now owns 29,000 shares of the company’s stock, valued at $1,017,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman John Adam Kanas sold 200,000 shares of the company’s stock in a transaction that occurred on Monday, June 26th. The stock was sold at an average price of $32.65, for a total value of $6,530,000.00. Following the sale, the chairman now directly owns 948,070 shares of the company’s stock, valued at approximately $30,954,485.50. The disclosure for this sale can be found here. Insiders have sold 586,035 shares of company stock valued at $19,373,735 in the last ninety days. Company insiders own 5.10% of the company’s stock.

Shares of BankUnited, Inc. (NYSE BKU) opened at 32.14 on Thursday. The firm has a market capitalization of $3.43 billion, a PE ratio of 14.38 and a beta of 1.07. The company has a 50 day moving average of $33.65 and a 200 day moving average of $35.06. BankUnited, Inc. has a 52-week low of $28.13 and a 52-week high of $41.00.

BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.04. The firm had revenue of $269.48 million during the quarter, compared to analysts’ expectations of $258.47 million. BankUnited had a return on equity of 9.81% and a net margin of 19.54%. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, analysts anticipate that BankUnited, Inc. will post $2.39 earnings per share for the current fiscal year.

A number of equities research analysts have recently commented on the stock. BidaskClub upgraded shares of BankUnited from a “strong sell” rating to a “sell” rating in a report on Tuesday, June 13th. BMO Capital Markets reiterated a “hold” rating and set a $40.00 price target on shares of BankUnited in a report on Friday, July 7th. Morgan Stanley reiterated an “overweight” rating and set a $39.00 price target (down from $40.00) on shares of BankUnited in a report on Thursday, July 6th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $41.00 price target on shares of BankUnited in a report on Friday, May 26th. Finally, ValuEngine downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a report on Friday, September 1st. One analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $41.17.

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.

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Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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