Boothbay Fund Management LLC lessened its holdings in BankUnited (NYSE:BKU) by 36.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,064 shares of the financial services provider’s stock after selling 3,494 shares during the quarter. Boothbay Fund Management LLC’s holdings in BankUnited were worth $216,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Jacobs Asset Management LLC purchased a new position in BankUnited in the third quarter valued at $4,446,000. Maltese Capital Management LLC increased its holdings in BankUnited by 2.2% in the third quarter. Maltese Capital Management LLC now owns 153,300 shares of the financial services provider’s stock valued at $5,453,000 after buying an additional 3,300 shares during the last quarter. NWQ Investment Management Company LLC purchased a new position in BankUnited in the third quarter valued at $18,498,000. Stifel Financial Corp purchased a new position in BankUnited in the third quarter valued at $934,000. Finally, OxFORD Asset Management LLP purchased a new position in BankUnited in the third quarter valued at $594,000. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

In other news, insider Mark Bagnoli sold 1,000 shares of the stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total transaction of $35,880.00. Following the completion of the sale, the insider now owns 19,699 shares in the company, valued at $706,800.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 5.10% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on the company. Morgan Stanley reissued an “overweight” rating and issued a $46.00 target price on shares of BankUnited in a report on Wednesday. Barclays restated a “buy” rating and issued a $42.00 price objective on shares of BankUnited in a research note on Tuesday, December 5th. BMO Capital Markets upgraded shares of BankUnited from a “market perform” rating to an “outperform” rating in a research note on Monday, November 20th. Deutsche Bank decreased their price objective on shares of BankUnited from $42.00 to $40.00 and set a “hold” rating for the company in a research note on Wednesday, November 8th. Finally, J P Morgan Chase & Co downgraded shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 price objective for the company. in a research note on Wednesday, November 1st. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $41.30.

Shares of BankUnited (BKU) opened at $39.46 on Thursday. BankUnited has a 12 month low of $30.37 and a 12 month high of $41.64. The firm has a market cap of $4,265.34, a PE ratio of 16.78, a PEG 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 earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.59 by $0.03. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. The business had revenue of $294.59 million during the quarter, compared to the consensus estimate of $273.51 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. research analysts expect that BankUnited will post 2.39 EPS for the current fiscal year.

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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.

Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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