Schwab Charles Investment Management Inc. grew its position in shares of BankUnited, Inc. (NYSE:BKU) by 14.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 583,067 shares of the financial services provider’s stock after acquiring an additional 72,616 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.55% of BankUnited worth $19,656,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Public Employees Retirement Association of Colorado increased its stake in BankUnited by 4.1% during the second quarter. Public Employees Retirement Association of Colorado now owns 3,275 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 128 shares during the last quarter. Principal Financial Group Inc. increased its stake in BankUnited by 1.6% during the first quarter. Principal Financial Group Inc. now owns 16,346 shares of the financial services provider’s stock worth $610,000 after acquiring an additional 258 shares during the last quarter. Amalgamated Bank increased its stake in BankUnited by 3.4% during the first quarter. Amalgamated Bank now owns 14,258 shares of the financial services provider’s stock worth $532,000 after acquiring an additional 463 shares during the last quarter. Advisors Capital Management LLC increased its stake in BankUnited by 0.9% during the second quarter. Advisors Capital Management LLC now owns 74,241 shares of the financial services provider’s stock worth $2,503,000 after acquiring an additional 685 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in BankUnited by 12.4% during the second quarter. Janney Montgomery Scott LLC now owns 6,710 shares of the financial services provider’s stock worth $226,000 after acquiring an additional 738 shares during the last quarter. Institutional investors own 98.24% of the company’s stock.

In other news, Chairman John Adam Kanas sold 78,190 shares of BankUnited stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $33.18, for a total value of $2,594,344.20. Following the transaction, the chairman now directly owns 565,076 shares in the company, valued at $18,749,221.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jeffrey Starr sold 7,445 shares of BankUnited stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $35.08, for a total value of $261,170.60. Following the completion of the transaction, the insider now owns 29,000 shares in the company, valued at $1,017,320. The disclosure for this sale can be found here. Insiders sold 586,035 shares of company stock worth $19,373,735 over the last quarter. 5.10% of the stock is currently owned by corporate insiders.

BankUnited, Inc. (BKU) opened at 34.30 on Thursday. The company has a 50-day moving average price of $33.31 and a 200-day moving average price of $34.55. The stock has a market cap of $3.66 billion, a P/E ratio of 15.35 and a beta of 1.07. BankUnited, Inc. has a one year low of $28.13 and a one year high of $41.00.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04. BankUnited had a return on equity of 9.81% and a net margin of 19.54%. The company had revenue of $269.48 million for the quarter, compared to analyst estimates of $258.47 million. During the same period last year, the company earned $0.52 earnings per share. On average, analysts anticipate that BankUnited, Inc. will post $2.37 earnings per share for the current year.

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Several brokerages have commented on BKU. BMO Capital Markets restated a “hold” rating and set a $40.00 price target on shares of BankUnited in a research note on Friday, July 7th. BidaskClub upgraded BankUnited from a “strong sell” rating to a “sell” rating in a research note on Friday, June 30th. Barclays PLC reiterated an “overweight” rating and issued a $41.00 target price (up previously from $38.00) on shares of BankUnited in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $41.00 target price on shares of BankUnited in a research note on Friday, May 26th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $39.00 target price (down previously from $40.00) on shares of BankUnited in a research note on Thursday, July 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $41.17.

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.

Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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