BankUnited (NYSE:BKU) Shares Down 3.6%

BankUnited, Inc. (NYSE:BKU - Get Free Report) traded down 3.6% during mid-day trading on Monday . The company traded as low as $27.24 and last traded at $27.29. 72,826 shares were traded during trading, a decline of 91% from the average session volume of 822,690 shares. The stock had previously closed at $28.31.

Wall Street Analyst Weigh In

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

BankUnited Price Performance

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 stock's 50-day moving average is $27.79 and its 200 day moving average is $28.38. The stock has a market capitalization of $2.06 billion, a PE ratio of 11.87 and a beta of 1.33.

BankUnited (NYSE:BKU - Get Free Report) last posted its earnings results on Wednesday, April 17th. The financial services provider reported $0.64 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.02. The firm had revenue of $508.35 million for the quarter, compared to the consensus estimate of $239.84 million. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. During the same period last year, the firm posted $0.70 EPS. As a group, equities analysts expect that BankUnited, Inc. will post 2.79 earnings per share for the current year.

Insiders Place Their Bets

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 completion of the sale, the director now owns 13,482 shares in the company, valued at $394,752.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. EMC Capital Management acquired a new position in BankUnited during the first quarter valued at approximately $278,000. Caxton Associates LP lifted its position in BankUnited by 202.7% during the first quarter. Caxton Associates LP now owns 60,570 shares of the financial services provider's stock valued at $1,696,000 after buying an additional 40,557 shares in the last quarter. Quadrature Capital Ltd lifted its position in BankUnited by 145.8% during the first quarter. Quadrature Capital Ltd now owns 48,984 shares of the financial services provider's stock valued at $1,370,000 after buying an additional 29,058 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in BankUnited by 3.9% during the first quarter. CANADA LIFE ASSURANCE Co now owns 76,760 shares of the financial services provider's stock valued at $2,147,000 after buying an additional 2,899 shares in the last quarter. Finally, Edgestream Partners L.P. lifted its position in BankUnited by 6.4% during the first quarter. Edgestream Partners L.P. now owns 44,560 shares of the financial services provider's stock valued at $1,248,000 after buying an additional 2,688 shares in the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

About BankUnited

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.