State Street Corp Grows Position in BankUnited, Inc. (BKU)

State Street Corp lifted its stake in BankUnited, Inc. (NYSE:BKU) by 5.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,027,935 shares of the financial services provider’s stock after buying an additional 207,520 shares during the period. State Street Corp owned about 3.77% of BankUnited worth $135,782,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Gotham Asset Management LLC bought a new stake in shares of BankUnited in the second quarter valued at about $228,000. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of BankUnited by 9.5% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 58,723 shares of the financial services provider’s stock valued at $1,979,000 after buying an additional 5,071 shares during the period. Tudor Investment Corp ET AL lifted its stake in shares of BankUnited by 6.4% in the second quarter. Tudor Investment Corp ET AL now owns 13,977 shares of the financial services provider’s stock valued at $471,000 after buying an additional 842 shares during the period. HighTower Advisors LLC lifted its stake in shares of BankUnited by 47.5% in the second quarter. HighTower Advisors LLC now owns 11,902 shares of the financial services provider’s stock valued at $398,000 after buying an additional 3,835 shares during the period. Finally, QS Investors LLC lifted its stake in shares of BankUnited by 9.6% in the second quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock valued at $212,000 after buying an additional 550 shares during the period. Institutional investors and hedge funds own 97.67% of the company’s stock.

Shares of BankUnited, Inc. (NYSE:BKU) opened at 35.06 on Friday. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 15.69 and a beta of 1.10. BankUnited, Inc. has a 12-month low of $28.38 and a 12-month high of $41.00. The stock’s 50 day moving average is $34.03 and its 200 day moving average is $34.13.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Friday, October 13th. BankUnited’s dividend payout ratio (DPR) is presently 37.67%.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine upgraded shares of BankUnited from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $41.00 price target on shares of BankUnited in a research note on Thursday, September 28th. BidaskClub cut shares of BankUnited from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Finally, Barclays PLC restated an “overweight” rating and set a $41.00 price target (up previously from $38.00) on shares of BankUnited in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. BankUnited currently has a consensus rating of “Buy” and an average price target of $40.82.

In other news, insider Jeffrey Starr sold 7,445 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were 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 approximately $1,017,320. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman John Adam Kanas sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $33.35, for a total transaction of $6,670,000.00. Following the sale, the chairman now directly owns 742,866 shares of the company’s stock, valued at approximately $24,774,581.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 386,035 shares of company stock valued at $12,843,735. 5.10% of the stock is currently owned by insiders.

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Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Gotham Asset Management LLC bought a new stake in shares of BankUnited in the second quarter valued at about $228,000. Cornerstone Capital Management Holdings LLC. lifted its stake in shares of BankUnited by 9.5% in the second quarter. Cornerstone Capital Management Holdings LLC. now owns 58,723 shares of the financial services provider’s stock valued at $1,979,000 after buying an additional 5,071 shares during the period. Tudor Investment Corp ET AL lifted its stake in shares of BankUnited by 6.4% in the second quarter. Tudor Investment Corp ET AL now owns 13,977 shares of the financial services provider’s stock valued at $471,000 after buying an additional 842 shares during the period. HighTower Advisors LLC lifted its stake in shares of BankUnited by 47.5% in the second quarter. HighTower Advisors LLC now owns 11,902 shares of the financial services provider’s stock valued at $398,000 after buying an additional 3,835 shares during the period. Finally, QS Investors LLC lifted its stake in shares of BankUnited by 9.6% in the second quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock valued at $212,000 after buying an additional 550 shares during the period. Institutional investors and hedge funds own 97.67% of the company’s stock.

Shares of BankUnited, Inc. (NYSE:BKU) opened at 35.06 on Friday. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of 15.69 and a beta of 1.10. BankUnited, Inc. has a 12-month low of $28.38 and a 12-month high of $41.00. The stock’s 50 day moving average is $34.03 and its 200 day moving average is $34.13.

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

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Friday, October 13th. BankUnited’s dividend payout ratio (DPR) is presently 37.67%.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. ValuEngine upgraded shares of BankUnited from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Keefe, Bruyette & Woods restated a “buy” rating and set a $41.00 price target on shares of BankUnited in a research note on Thursday, September 28th. BidaskClub cut shares of BankUnited from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 22nd. Finally, Barclays PLC restated an “overweight” rating and set a $41.00 price target (up previously from $38.00) on shares of BankUnited in a research note on Wednesday, July 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have assigned a buy rating to the company’s stock. BankUnited currently has a consensus rating of “Buy” and an average price target of $40.82.

In other news, insider Jeffrey Starr sold 7,445 shares of the company’s stock in a transaction that occurred on Friday, August 4th. The shares were 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 approximately $1,017,320. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman John Adam Kanas sold 200,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $33.35, for a total transaction of $6,670,000.00. Following the sale, the chairman now directly owns 742,866 shares of the company’s stock, valued at approximately $24,774,581.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 386,035 shares of company stock valued at $12,843,735. 5.10% of the stock is currently owned by insiders.

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About BankUnited

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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