OppenheimerFunds Inc. boosted its position in BankUnited (NYSE:BKU) by 2.3% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 651,935 shares of the financial services provider’s stock after acquiring an additional 14,956 shares during the period. OppenheimerFunds Inc.’s holdings in BankUnited were worth $21,774,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of BankUnited during the 1st quarter valued at $34,000. Pearl River Capital LLC purchased a new stake in shares of BankUnited during the 1st quarter valued at $34,000. Toronto Dominion Bank purchased a new stake in shares of BankUnited during the 4th quarter valued at $75,000. Rockefeller Capital Management L.P. grew its stake in shares of BankUnited by 603.6% during the 1st quarter. Rockefeller Capital Management L.P. now owns 3,870 shares of the financial services provider’s stock valued at $129,000 after buying an additional 3,320 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of BankUnited by 39,225.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 6,292 shares of the financial services provider’s stock valued at $210,000 after buying an additional 6,276 shares during the period. 96.98% of the stock is owned by hedge funds and other institutional investors.
NYSE:BKU opened at $33.24 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.72. The firm has a market cap of $3.27 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 1.33 and a beta of 1.16. BankUnited has a twelve month low of $28.05 and a twelve month high of $44.66.
BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, April 24th. The financial services provider reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The business had revenue of $227.16 million for the quarter, compared to analyst estimates of $219.03 million. BankUnited had a net margin of 19.06% and a return on equity of 10.30%. During the same quarter in the previous year, the business posted $0.77 EPS. Sell-side analysts forecast that BankUnited will post 2.83 EPS for the current year.
Several brokerages have recently issued reports on BKU. Zacks Investment Research raised shares of BankUnited from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research note on Friday, May 24th. ValuEngine raised shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Wednesday, May 1st. Barclays lowered shares of BankUnited from an “overweight” rating to an “underweight” rating and lifted their target price for the company from $35.75 to $37.00 in a report on Friday, April 26th. Sandler O’Neill lowered shares of BankUnited from a “buy” rating to a “hold” rating in a report on Wednesday, April 24th. Finally, Stephens lowered shares of BankUnited from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $38.67.
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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, savings accounts, and certificates of deposit; and treasury management services.
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