GAMMA Investing LLC Has $111,000 Stake in BankUnited, Inc. (NYSE:BKU)

GAMMA Investing LLC trimmed its stake in BankUnited, Inc. (NYSE:BKU) by 12.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,973 shares of the financial services provider’s stock after selling 559 shares during the period. GAMMA Investing LLC’s holdings in BankUnited were worth $111,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quest Partners LLC acquired a new stake in BankUnited in the fourth quarter valued at $1,329,000. Rafferty Asset Management LLC increased its holdings in BankUnited by 41.8% in the fourth quarter. Rafferty Asset Management LLC now owns 179,146 shares of the financial services provider’s stock valued at $5,810,000 after purchasing an additional 52,788 shares during the period. Seven Eight Capital LP acquired a new stake in BankUnited during the 4th quarter worth about $1,331,000. Wolverine Asset Management LLC grew its holdings in BankUnited by 11,419.0% during the 4th quarter. Wolverine Asset Management LLC now owns 11,519 shares of the financial services provider’s stock worth $374,000 after acquiring an additional 11,419 shares during the period. Finally, US Bancorp DE grew its holdings in BankUnited by 3,330.0% during the 4th quarter. US Bancorp DE now owns 23,530 shares of the financial services provider’s stock worth $763,000 after acquiring an additional 22,844 shares during the period. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at BankUnited

In related news, Director John N. Digiacomo sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $29.28, for a total value of $43,920.00. Following the transaction, the director now owns 13,482 shares of the company’s stock, valued at approximately $394,752.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.19% of the stock is owned by insiders.

BankUnited Price Performance

Shares of NYSE BKU opened at $28.03 on Friday. BankUnited, Inc. has a fifty-two week low of $20.84 and a fifty-two week high of $34.22. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 12.08 and a beta of 1.33. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s 50-day simple moving average is $28.01 and its 200 day simple moving average is $28.38.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.02. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. The business had revenue of $508.35 million for the quarter, compared to analysts’ expectations of $239.84 million. During the same quarter last year, the firm earned $0.70 EPS. As a group, research analysts anticipate that BankUnited, Inc. will post 2.8 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.