Rafferty Asset Management LLC Raises Stock Holdings in BankUnited, Inc. (NYSE:BKU)

Rafferty Asset Management LLC lifted its stake in shares of BankUnited, Inc. (NYSE:BKU - Free Report) by 41.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 179,146 shares of the financial services provider's stock after buying an additional 52,788 shares during the period. Rafferty Asset Management LLC owned about 0.24% of BankUnited worth $5,810,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Natixis Advisors L.P. increased its position in shares of BankUnited by 2.8% during the third quarter. Natixis Advisors L.P. now owns 40,891 shares of the financial services provider's stock valued at $928,000 after acquiring an additional 1,125 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of BankUnited by 16.4% during the third quarter. PNC Financial Services Group Inc. now owns 10,173 shares of the financial services provider's stock worth $231,000 after acquiring an additional 1,434 shares in the last quarter. Swiss National Bank lifted its holdings in BankUnited by 1.0% during the 3rd quarter. Swiss National Bank now owns 163,600 shares of the financial services provider's stock worth $3,714,000 after purchasing an additional 1,600 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in BankUnited by 106.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,879 shares of the financial services provider's stock worth $126,000 after purchasing an additional 2,000 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of BankUnited by 29.4% in the third quarter. Janney Montgomery Scott LLC now owns 13,209 shares of the financial services provider's stock valued at $300,000 after acquiring an additional 3,003 shares during the period. 99.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JPMorgan Chase & Co. lowered their price target on BankUnited from $35.00 to $33.00 and set a "neutral" rating on the stock in a report on Thursday, April 4th. Barclays began coverage on BankUnited in a report on Friday, March 8th. They set an "equal weight" rating and a $29.00 price objective on the stock. Keefe, Bruyette & Woods cut 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. Royal Bank of Canada reduced their price target 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. Finally, StockNews.com upgraded shares of BankUnited from a "sell" rating to a "hold" rating in a report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating and eight have given a hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $30.50.

BankUnited Trading Down 0.1 %

NYSE:BKU traded down $0.02 during midday trading on Friday, reaching $28.31. 697,826 shares of the stock traded hands, compared to its average volume of 829,508. The stock has a market capitalization of $2.12 billion, a P/E ratio of 12.20 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 company has a fifty day moving average of $27.79 and a 200 day moving average of $28.34. BankUnited, Inc. has a 12 month low of $20.84 and a 12 month high of $34.22.

BankUnited (NYSE:BKU - Get Free Report) last released its quarterly earnings data on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share (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 analysts' expectations 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 previous year, the company earned $0.70 earnings per share. On average, research analysts predict that BankUnited, Inc. will post 2.79 EPS for the current year.

Insider Activity at BankUnited

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

BankUnited 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.