8,175 Shares in BankUnited, Inc. (BKU) Purchased by BlueCrest Capital Management Ltd

BlueCrest Capital Management Ltd bought a new position in shares of BankUnited, Inc. (NYSE:BKU) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 8,175 shares of the financial services provider’s stock, valued at approximately $276,000.

Other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado increased its position in shares of BankUnited by 4.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 3,275 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of BankUnited by 8.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 276 shares in the last quarter. QS Investors LLC increased its position in shares of BankUnited by 9.6% during the 2nd quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 550 shares in the last quarter. LaSalle Street Capital Management LLC acquired a new stake in shares of BankUnited during the 2nd quarter worth about $221,000. Finally, Karp Capital Management Corp acquired a new stake in shares of BankUnited during the 1st quarter worth about $222,000. Institutional investors and hedge funds own 97.67% of the company’s stock.

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A number of equities research analysts recently issued reports on BKU shares. ValuEngine cut shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Morgan Stanley reiterated an “overweight” rating and set a $39.00 target price (down previously from $40.00) on shares of BankUnited in a research report on Thursday, July 6th. Keefe, Bruyette & Woods reiterated 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 cut shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, BidaskClub cut shares of BankUnited from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.82.

BankUnited, Inc. (BKU) opened at 34.65 on Friday. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 15.50 and a beta of 1.10. The stock has a 50 day moving average of $33.98 and a 200 day moving average of $34.14. BankUnited, Inc. has a 52 week low of $28.38 and a 52 week high of $41.00.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $269.48 million during the quarter, compared to the consensus estimate of $258.47 million. BankUnited had a net margin of 19.54% and a return on equity of 9.81%. During the same quarter in the prior year, the firm posted $0.52 EPS. Equities research analysts predict that BankUnited, Inc. will post $2.36 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, October 13th. BankUnited’s dividend payout ratio is presently 37.67%.

In other BankUnited news, insider Jeffrey Starr sold 7,445 shares of the 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 transaction, the insider now directly owns 29,000 shares in the company, valued at approximately $1,017,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman John Adam Kanas sold 78,190 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $33.18, for a total value of $2,594,344.20. Following the transaction, the chairman now owns 565,076 shares in the company, valued at $18,749,221.68. The disclosure for this sale can be found

Other institutional investors have also recently made changes to their positions in the company. Public Employees Retirement Association of Colorado increased its position in shares of BankUnited by 4.1% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 3,275 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 128 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of BankUnited by 8.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock worth $124,000 after purchasing an additional 276 shares in the last quarter. QS Investors LLC increased its position in shares of BankUnited by 9.6% during the 2nd quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock worth $212,000 after purchasing an additional 550 shares in the last quarter. LaSalle Street Capital Management LLC acquired a new stake in shares of BankUnited during the 2nd quarter worth about $221,000. Finally, Karp Capital Management Corp acquired a new stake in shares of BankUnited during the 1st quarter worth about $222,000. Institutional investors and hedge funds own 97.67% of the company’s stock.

WARNING: This piece of content was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://ledgergazette.com/2017/10/20/8175-shares-in-bankunited-inc-bku-purchased-by-bluecrest-capital-management-ltd.html.

A number of equities research analysts recently issued reports on BKU shares. ValuEngine cut shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Morgan Stanley reiterated an “overweight” rating and set a $39.00 target price (down previously from $40.00) on shares of BankUnited in a research report on Thursday, July 6th. Keefe, Bruyette & Woods reiterated 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 cut shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, BidaskClub cut shares of BankUnited from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.82.

BankUnited, Inc. (BKU) opened at 34.65 on Friday. The company has a market cap of $3.70 billion, a price-to-earnings ratio of 15.50 and a beta of 1.10. The stock has a 50 day moving average of $33.98 and a 200 day moving average of $34.14. BankUnited, Inc. has a 52 week low of $28.38 and a 52 week high of $41.00.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The business had revenue of $269.48 million during the quarter, compared to the consensus estimate of $258.47 million. BankUnited had a net margin of 19.54% and a return on equity of 9.81%. During the same quarter in the prior year, the firm posted $0.52 EPS. Equities research analysts predict that BankUnited, Inc. will post $2.36 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date is Friday, October 13th. BankUnited’s dividend payout ratio is presently 37.67%.

In other BankUnited news, insider Jeffrey Starr sold 7,445 shares of the 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 transaction, the insider now directly owns 29,000 shares in the company, valued at approximately $1,017,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Chairman John Adam Kanas sold 78,190 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $33.18, for a total value of $2,594,344.20. Following the transaction, the chairman now owns 565,076 shares in the company, valued at $18,749,221.68. The disclosure for this sale can be found here. Insiders have sold a total of 386,035 shares of company stock valued at $12,843,735 in the last three months. Insiders own 5.10% of the company’s stock.

BankUnited 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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