Congress Asset Management Co. MA Sells 589 Shares of BankUnited, Inc. (NYSE:BKU)

Congress Asset Management Co. MA reduced its position in shares of BankUnited, Inc. (NYSE:BKU) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 203,787 shares of the financial services provider’s stock after selling 589 shares during the period. Congress Asset Management Co. MA owned approximately 0.27% of BankUnited worth $6,609,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of BKU. Jennison Associates LLC lifted its stake in BankUnited by 54.3% in the 4th quarter. Jennison Associates LLC now owns 1,459,268 shares of the financial services provider’s stock valued at $47,324,000 after purchasing an additional 513,342 shares during the last quarter. FMR LLC boosted its holdings in shares of BankUnited by 23.2% during the 3rd quarter. FMR LLC now owns 1,539,176 shares of the financial services provider’s stock valued at $34,939,000 after acquiring an additional 290,232 shares in the last quarter. Dimensional Fund Advisors LP grew its position in BankUnited by 7.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,596,577 shares of the financial services provider’s stock worth $116,639,000 after acquiring an additional 251,281 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in BankUnited by 17.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,448,921 shares of the financial services provider’s stock worth $46,989,000 after purchasing an additional 212,496 shares in the last quarter. Finally, Knights of Columbus Asset Advisors LLC acquired a new position in shares of BankUnited in the fourth quarter valued at approximately $5,657,000. 99.70% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other BankUnited news, Director John N. Digiacomo sold 1,500 shares of BankUnited stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $29.28, for a total transaction of $43,920.00. Following the transaction, the director now directly owns 13,482 shares of the company’s stock, valued at approximately $394,752.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on BKU shares. JPMorgan Chase & Co. lowered their target price on BankUnited from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, April 4th. Royal Bank of Canada lowered their price target on shares of BankUnited from $33.00 to $29.00 and set a “sector perform” rating for the company in a report on Tuesday, April 9th. Barclays began coverage on BankUnited in a research report on Friday, March 8th. They issued an “equal weight” rating and a $29.00 price objective for the company. Keefe, Bruyette & Woods cut their price target on BankUnited from $33.00 to $31.00 and set a “market perform” rating on the stock in a report on Thursday, April 18th. Finally, StockNews.com upgraded shares of BankUnited from a “sell” rating to a “hold” rating in a research report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $30.50.

BankUnited Stock Performance

BKU opened at $27.05 on Monday. BankUnited, Inc. has a 1-year low of $20.84 and a 1-year high of $34.22. The company has a market cap of $2.02 billion, a price-to-earnings ratio of 11.66 and a beta of 1.33. The company’s fifty day moving average price is $27.85 and its two-hundred day moving average price is $28.41. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.48.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The company had revenue of $508.35 million for the quarter, compared to analyst estimates of $239.84 million. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. During the same quarter in the prior year, the business posted $0.70 EPS. On average, analysts expect that BankUnited, Inc. will post 2.8 EPS for the current fiscal year.

BankUnited Company Profile

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.