Federated Investors Inc. PA Has $1.25 Million Holdings in BankUnited (BKU)

Federated Investors Inc. PA boosted its holdings in BankUnited (NYSE:BKU) by 82,152.6% in the 1st quarter, HoldingsChannel reports. The firm owned 31,256 shares of the financial services provider’s stock after acquiring an additional 31,218 shares during the period. Federated Investors Inc. PA’s holdings in BankUnited were worth $1,250,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of BKU. Amica Retiree Medical Trust acquired a new stake in BankUnited in the 4th quarter worth about $138,000. Timber Hill LLC acquired a new position in shares of BankUnited in the 1st quarter valued at approximately $203,000. First Mercantile Trust Co. acquired a new position in shares of BankUnited in the 4th quarter valued at approximately $219,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of BankUnited by 49.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,511 shares of the financial services provider’s stock valued at $224,000 after buying an additional 1,818 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in shares of BankUnited by 109.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 6,858 shares of the financial services provider’s stock valued at $279,000 after buying an additional 3,582 shares in the last quarter. Institutional investors and hedge funds own 94.13% of the company’s stock.

In related news, insider Rajinder P. Singh sold 74,927 shares of the company’s stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of $43.26, for a total transaction of $3,241,342.02. Following the completion of the transaction, the insider now directly owns 305,221 shares in the company, valued at approximately $13,203,860.46. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Rajinder P. Singh sold 122,451 shares of the business’s stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $41.89, for a total transaction of $5,129,472.39. Following the sale, the insider now directly owns 327,672 shares in the company, valued at $13,726,180.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 198,378 shares of company stock valued at $8,411,444. 2.30% of the stock is owned by corporate insiders.

BankUnited opened at $43.66 on Wednesday, Marketbeat Ratings reports. The company has a market cap of $4.67 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.51 and a beta of 1.07. BankUnited has a 1 year low of $30.37 and a 1 year high of $44.97. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 1.45.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Wednesday, April 25th. The financial services provider reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.05. The business had revenue of $275.80 million during the quarter, compared to analysts’ expectations of $271.96 million. BankUnited had a net margin of 45.31% and a return on equity of 11.16%. During the same period in the prior year, the company earned $0.57 EPS. research analysts expect that BankUnited will post 3.3 earnings per share for the current fiscal year.

Several brokerages have recently commented on BKU. UBS Group began coverage on shares of BankUnited in a research report on Wednesday, March 21st. They issued a “neutral” rating and a $45.00 target price for the company. Zacks Investment Research cut shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Thursday, April 5th. Sandler O’Neill upgraded shares of BankUnited from a “hold” rating to a “buy” rating in a research report on Thursday, April 26th. Finally, ValuEngine cut shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. BankUnited presently has an average rating of “Hold” and an average price target of $42.92.

BankUnited Company Profile

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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