Moody Aldrich Partners LLC Has $2,681,000 Position in BankUnited Inc. (BKU)
Moody Aldrich Partners LLC raised its position in BankUnited Inc. (NYSE:BKU) by 170.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,265 shares of the financial services provider’s stock after buying an additional 55,015 shares during the period. BankUnited accounts for about 2.2% of Moody Aldrich Partners LLC’s investment portfolio, making the stock its 3rd largest position. Moody Aldrich Partners LLC’s holdings in BankUnited were worth $2,681,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of BKU. IFP Advisors Inc increased its stake in shares of BankUnited by 39.0% in the first quarter. IFP Advisors Inc now owns 3,812 shares of the financial services provider’s stock worth $131,000 after buying an additional 1,069 shares during the last quarter. Bayesian Capital Management LP acquired a new stake in shares of BankUnited during the first quarter worth $234,000. BlueMountain Capital Management LLC acquired a new stake in shares of BankUnited during the first quarter worth $248,000. Aperio Group LLC increased its stake in shares of BankUnited by 19.3% in the first quarter. Aperio Group LLC now owns 8,011 shares of the financial services provider’s stock worth $276,000 after buying an additional 1,296 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its stake in shares of BankUnited by 30.5% in the first quarter. Glenmede Trust Co. NA now owns 9,094 shares of the financial services provider’s stock worth $312,000 after buying an additional 2,128 shares during the last quarter. Hedge funds and other institutional investors own 97.02% of the company’s stock.
BankUnited Inc. (NYSE:BKU) traded up 1.22% during trading on Thursday, hitting $30.61. 1,377,807 shares of the company’s stock traded hands. BankUnited Inc. has a 12 month low of $27.85 and a 12 month high of $39.97. The stock has a market cap of $3.19 billion, a P/E ratio of 12.22 and a beta of 0.89. The company’s 50 day moving average is $30.72 and its 200-day moving average is $32.44.
BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, July 20th. The financial services provider reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. BankUnited had a net margin of 24.42% and a return on equity of 9.80%. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, analysts predict that BankUnited Inc. will post $2.11 earnings per share for the current year.
A number of brokerages have weighed in on BKU. JPMorgan Chase & Co. reiterated a “buy” rating on shares of BankUnited in a report on Saturday, July 9th. Goldman Sachs Group Inc. downgraded BankUnited to a “sell” rating and set a $34.00 target price for the company. in a research note on Thursday, May 26th. BMO Capital Markets restated a “hold” rating and issued a $34.00 target price on shares of BankUnited in a research note on Thursday, July 21st. Royal Bank Of Canada reduced their target price on BankUnited from $39.00 to $37.00 and set an “outperform” rating for the company in a research note on Thursday, July 21st. Finally, Zacks Investment Research upgraded BankUnited from a “sell” rating to a “hold” rating in a research note on Friday, June 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. BankUnited presently has a consensus rating of “Hold” and a consensus target price of $35.96.
In related news, insider Mark Bagnoli sold 2,000 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $30.11, for a total transaction of $60,220.00. Following the transaction, the insider now owns 17,458 shares in the company, valued at $525,660.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jeffrey Starr sold 5,000 shares of the business’s stock in a transaction dated Thursday, September 15th. The shares were sold at an average price of $31.20, for a total transaction of $156,000.00. Following the transaction, the insider now owns 34,000 shares in the company, valued at approximately $1,060,800. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.
BankUnited Company Profile
BankUnited, Inc is the bank holding company of BankUnited, National Association (the Bank). The Bank provides a range of banking services to individual and corporate customers through approximately 100 branches. The Company offers a range of lending products, including small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit and consumer loans.
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