Wells Fargo & Company MN lowered its position in shares of BankUnited (NYSE:BKU) by 4.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,048,996 shares of the financial services provider’s stock after selling 43,348 shares during the period. Wells Fargo & Company MN owned about 0.98% of BankUnited worth $37,313,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in BankUnited by 3.6% in the second quarter. Vanguard Group Inc. now owns 8,768,948 shares of the financial services provider’s stock valued at $295,602,000 after purchasing an additional 300,744 shares during the last quarter. JPMorgan Chase & Co. grew its stake in BankUnited by 30.8% in the third quarter. JPMorgan Chase & Co. now owns 4,701,440 shares of the financial services provider’s stock valued at $167,747,000 after purchasing an additional 1,106,515 shares during the last quarter. State Street Corp grew its stake in BankUnited by 5.4% in the second quarter. State Street Corp now owns 4,027,935 shares of the financial services provider’s stock valued at $135,782,000 after purchasing an additional 207,520 shares during the last quarter. Jennison Associates LLC grew its stake in BankUnited by 16.7% in the third quarter. Jennison Associates LLC now owns 2,411,374 shares of the financial services provider’s stock valued at $85,773,000 after purchasing an additional 345,760 shares during the last quarter. Finally, Douglas Lane & Associates LLC grew its stake in BankUnited by 4.8% in the third quarter. Douglas Lane & Associates LLC now owns 1,862,582 shares of the financial services provider’s stock valued at $66,252,000 after purchasing an additional 84,844 shares during the last quarter. Hedge funds and other institutional investors own 95.93% of the company’s stock.

A number of equities research analysts have recently weighed in on BKU shares. J P Morgan Chase & Co lowered BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 price target on the stock. in a research note on Wednesday, November 1st. BMO Capital Markets upgraded BankUnited from a “market perform” rating to an “outperform” rating in a research note on Monday, November 20th. Deutsche Bank dropped their price target on 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 BankUnited from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered BankUnited from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.60.

In other BankUnited news, insider Mark Bagnoli sold 1,000 shares of the business’s stock in a transaction that occurred 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 $706,800.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.90% of the company’s stock.

Shares of BankUnited (BKU) opened at $39.93 on Wednesday. BankUnited has a twelve month low of $30.37 and a twelve month high of $41.64. The company has a market capitalization of $4,246.12, a PE ratio of 16.70, a P/E/G ratio of 1.88 and a beta of 1.09. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.86.

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

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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.

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Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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