New York State Common Retirement Fund Sells 6,500 Shares of BankUnited (BKU)

New York State Common Retirement Fund decreased its holdings in shares of BankUnited (NYSE:BKU) by 3.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201,900 shares of the financial services provider’s stock after selling 6,500 shares during the period. New York State Common Retirement Fund owned about 0.20% of BankUnited worth $6,045,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. LSV Asset Management boosted its holdings in BankUnited by 0.9% in the 3rd quarter. LSV Asset Management now owns 2,023,200 shares of the financial services provider’s stock worth $71,621,000 after buying an additional 17,600 shares during the period. Strs Ohio boosted its holdings in BankUnited by 19.1% in the 4th quarter. Strs Ohio now owns 784,821 shares of the financial services provider’s stock worth $23,497,000 after buying an additional 125,975 shares during the period. CI Investments Inc. boosted its holdings in BankUnited by 55.9% in the 3rd quarter. CI Investments Inc. now owns 514,200 shares of the financial services provider’s stock worth $18,203,000 after buying an additional 184,300 shares during the period. Southside Capital LLC bought a new position in BankUnited in the 4th quarter worth $4,046,000. Finally, Bank of New York Mellon Corp boosted its holdings in BankUnited by 1.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 572,414 shares of the financial services provider’s stock worth $20,263,000 after buying an additional 8,917 shares during the period. 92.61% of the stock is owned by hedge funds and other institutional investors.

Several research analysts recently weighed in on the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $39.00 target price on shares of BankUnited in a report on Thursday, November 15th. TheStreet downgraded shares of BankUnited from a “b-” rating to a “c+” rating in a report on Friday, December 21st. Zacks Investment Research downgraded shares of BankUnited from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. ValuEngine raised shares of BankUnited from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Finally, Bank of America downgraded shares of BankUnited from a “buy” rating to a “neutral” rating and set a $34.00 price objective for the company. in a report on Thursday, January 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $40.70.

BKU opened at $35.84 on Friday. BankUnited has a 52 week low of $28.05 and a 52 week high of $44.97. The stock has a market cap of $3.48 billion, a price-to-earnings ratio of 15.19, a P/E/G ratio of 1.43 and a beta of 1.10. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.64.

BankUnited (NYSE:BKU) last released its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). BankUnited had a net margin of 20.31% and a return on equity of 10.84%. The company had revenue of $328.38 million for the quarter, compared to the consensus estimate of $314.33 million. During the same period last year, the company earned $0.62 EPS. The firm’s revenue for the quarter was up 15.1% on a year-over-year basis. On average, sell-side analysts forecast that BankUnited will post 2.78 EPS for the current fiscal year.

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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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