Chemical Bank held its stake in BankUnited, Inc. (NYSE:BKU) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,650 shares of the financial services provider’s stock at the close of the second quarter. Chemical Bank’s holdings in BankUnited were worth $258,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. Public Employees Retirement Association of Colorado grew its holdings in shares of BankUnited by 4.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 3,275 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 128 shares in the last quarter. Teton Advisors Inc. grew its holdings in shares of BankUnited by 1.0% in the second quarter. Teton Advisors Inc. now owns 25,670 shares of the financial services provider’s stock valued at $865,000 after purchasing an additional 257 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of BankUnited by 1.6% in the first quarter. Principal Financial Group Inc. now owns 16,346 shares of the financial services provider’s stock valued at $610,000 after purchasing an additional 258 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of BankUnited by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock valued at $124,000 after purchasing an additional 276 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of BankUnited by 0.6% in the second quarter. Legal & General Group Plc now owns 65,776 shares of the financial services provider’s stock valued at $2,217,000 after purchasing an additional 413 shares in the last quarter. Hedge funds and other institutional investors own 98.58% of the company’s stock.

In other BankUnited news, insider Jeffrey Starr sold 7,445 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $35.08, for a total value of $261,170.60. Following the completion of the sale, the insider now owns 29,000 shares of the company’s stock, valued at $1,017,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John Adam Kanas sold 200,000 shares of the stock in a transaction that occurred on Monday, June 26th. The shares were sold at an average price of $32.65, for a total transaction of $6,530,000.00. Following the completion of the sale, the chairman now directly owns 948,070 shares of the company’s stock, valued at approximately $30,954,485.50. The disclosure for this sale can be found here. Insiders sold 586,035 shares of company stock valued at $19,373,735 in the last ninety days. 5.10% of the stock is owned by corporate insiders.

BKU has been the subject of a number of research reports. Keefe, Bruyette & Woods restated a “buy” rating and issued a $41.00 price objective on shares of BankUnited in a report on Friday, May 26th. Bank of America Corporation restated a “buy” rating and issued a $46.00 price objective on shares of BankUnited in a report on Monday, July 10th. ValuEngine cut shares of BankUnited from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets restated a “hold” rating and issued a $40.00 price objective on shares of BankUnited in a report on Friday, July 7th. Finally, Wedbush restated a “neutral” rating and issued a $35.00 price objective on shares of BankUnited in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $41.17.

BankUnited, Inc. (NYSE:BKU) opened at 32.82 on Friday. The firm has a market cap of $3.51 billion, a PE ratio of 14.68 and a beta of 1.07. BankUnited, Inc. has a 12-month low of $28.13 and a 12-month high of $41.00. The firm’s 50-day moving average is $33.37 and its 200 day moving average is $34.73.

BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. BankUnited had a net margin of 19.54% and a return on equity of 9.81%. The company had revenue of $269.48 million during the quarter, compared to the consensus estimate of $258.47 million. During the same quarter last year, the company earned $0.52 earnings per share. Equities research analysts predict that BankUnited, Inc. will post $2.38 EPS for the current year.

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About BankUnited

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.

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Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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