Quantbot Technologies LP acquired a new stake in shares of BankUnited (NYSE:BKU) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,105 shares of the financial services provider’s stock, valued at approximately $605,000.

A number of other hedge funds also recently modified their holdings of BKU. Millennium Management LLC raised its position in BankUnited by 31.8% during the second quarter. Millennium Management LLC now owns 3,703,524 shares of the financial services provider’s stock valued at $151,289,000 after purchasing an additional 893,857 shares during the period. Seizert Capital Partners LLC purchased a new stake in BankUnited during the third quarter valued at approximately $30,206,000. Alliancebernstein L.P. raised its position in BankUnited by 18.5% during the third quarter. Alliancebernstein L.P. now owns 3,018,425 shares of the financial services provider’s stock valued at $106,852,000 after purchasing an additional 470,281 shares during the period. Wells Fargo & Company MN raised its position in BankUnited by 48.5% during the third quarter. Wells Fargo & Company MN now owns 1,349,618 shares of the financial services provider’s stock valued at $47,776,000 after purchasing an additional 440,906 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in BankUnited by 26.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,603,086 shares of the financial services provider’s stock valued at $65,488,000 after purchasing an additional 332,547 shares during the period. Institutional investors and hedge funds own 96.67% of the company’s stock.

In related news, insider Mark Bagnoli sold 1,000 shares of the stock in a transaction that occurred on Friday, October 26th. The stock was sold at an average price of $31.82, for a total value of $31,820.00. Following the transaction, the insider now owns 24,118 shares of the company’s stock, valued at $767,434.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 2.30% of the stock is owned by corporate insiders.

Several brokerages have recently weighed in on BKU. Stephens set a $40.00 price target on BankUnited and gave the stock a “buy” rating in a report on Friday, October 26th. Morgan Stanley downgraded BankUnited from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $46.00 to $42.00 in a report on Tuesday, September 18th. Zacks Investment Research upgraded BankUnited from a “sell” rating to a “hold” rating in a report on Friday, October 26th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $39.00 price target on shares of BankUnited in a report on Thursday, November 15th. Finally, BMO Capital Markets reduced their price target on BankUnited from $45.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, November 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. BankUnited currently has an average rating of “Hold” and an average price target of $42.91.

Shares of NYSE BKU opened at $32.15 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.61. BankUnited has a fifty-two week low of $29.86 and a fifty-two week high of $44.97. The company has a market capitalization of $3.29 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.07 and a beta of 0.97.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.05. BankUnited had a return on equity of 11.89% and a net margin of 46.00%. The firm had revenue of $290.70 million for the quarter, compared to the consensus estimate of $292.57 million. During the same period in the prior year, the business posted $0.62 earnings per share. On average, equities research analysts anticipate that BankUnited will post 3.36 earnings per share for the current year.

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About BankUnited

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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