Citigroup Inc. raised its holdings in shares of BankUnited (NYSE:BKU) by 121.2% during the first quarter, according to its most recent filing with the SEC. The firm owned 197,901 shares of the financial services provider’s stock after purchasing an additional 108,449 shares during the period. Citigroup Inc.’s holdings in BankUnited were worth $7,913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. New York State Common Retirement Fund increased its position in BankUnited by 3.5% during the 1st quarter. New York State Common Retirement Fund now owns 301,021 shares of the financial services provider’s stock valued at $12,035,000 after purchasing an additional 10,172 shares during the period. Natixis Advisors L.P. increased its position in BankUnited by 4.5% during the 1st quarter. Natixis Advisors L.P. now owns 128,564 shares of the financial services provider’s stock valued at $5,140,000 after purchasing an additional 5,579 shares during the period. Advisors Capital Management LLC increased its position in BankUnited by 7.7% during the 1st quarter. Advisors Capital Management LLC now owns 103,136 shares of the financial services provider’s stock valued at $4,123,000 after purchasing an additional 7,351 shares during the period. Piermont Capital Management Inc. increased its position in BankUnited by 2.2% during the 1st quarter. Piermont Capital Management Inc. now owns 76,132 shares of the financial services provider’s stock valued at $3,044,000 after purchasing an additional 1,670 shares during the period. Finally, Federated Investors Inc. PA increased its position in BankUnited by 82,152.6% during the 1st quarter. Federated Investors Inc. PA now owns 31,256 shares of the financial services provider’s stock valued at $1,250,000 after purchasing an additional 31,218 shares during the period. 94.48% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Rajinder P. Singh sold 122,451 shares of the firm’s stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $41.89, for a total value of $5,129,472.39. Following the sale, the insider now directly owns 327,672 shares in the company, valued at approximately $13,726,180.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rajinder P. Singh sold 74,927 shares of the firm’s stock in a transaction dated Tuesday, May 22nd. The shares were sold at an average price of $43.26, for a total transaction of $3,241,342.02. Following the completion of the sale, the insider now owns 305,221 shares in the company, valued at $13,203,860.46. The disclosure for this sale can be found here. Insiders sold a total of 203,865 shares of company stock worth $8,646,862 over the last 90 days. Company insiders own 2.30% of the company’s stock.

BKU has been the topic of a number of research reports. Sandler O’Neill raised shares of BankUnited from a “hold” rating to a “buy” rating in a research report on Thursday, April 26th. UBS Group initiated coverage on shares of BankUnited in a research report on Wednesday, March 21st. They set a “neutral” rating and a $45.00 target price on the stock. Zacks Investment Research downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Tuesday, February 13th. Hovde Group downgraded shares of BankUnited from an “outperform” rating to a “market perform” rating and cut their target price for the company from $45.00 to $44.00 in a research report on Wednesday, February 7th. Finally, ValuEngine downgraded shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $42.92.

NYSE:BKU opened at $42.17 on Friday. BankUnited has a fifty-two week low of $30.37 and a fifty-two week high of $43.91. The stock has a market capitalization of $4.45 billion, a PE ratio of 15.91, a PEG ratio of 1.44 and a beta of 1.04. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 1.45.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, April 25th. The financial services provider reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.05. BankUnited had a net margin of 45.31% and a return on equity of 11.16%. The business had revenue of $275.80 million for the quarter, compared to analysts’ expectations of $271.96 million. During the same period last year, the business earned $0.57 EPS. equities research analysts forecast that BankUnited will post 3.3 EPS for the current year.

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

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Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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