Allianz Asset Management GmbH Purchases 74,609 Shares of BankUnited, Inc. (NYSE:BKU)

Allianz Asset Management GmbH raised its holdings in BankUnited, Inc. (NYSE:BKU - Free Report) by 313.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,399 shares of the financial services provider's stock after purchasing an additional 74,609 shares during the quarter. Allianz Asset Management GmbH owned 0.13% of BankUnited worth $3,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Quest Partners LLC purchased a new stake in shares of BankUnited during the 4th quarter worth approximately $1,329,000. Wolverine Asset Management LLC raised its position in BankUnited by 11,419.0% during the fourth 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 last quarter. Nordea Investment Management AB lifted its holdings in shares of BankUnited by 24.6% in the fourth quarter. Nordea Investment Management AB now owns 124,072 shares of the financial services provider's stock valued at $4,042,000 after purchasing an additional 24,498 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of BankUnited by 17.2% during 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, US Bancorp DE raised its position in shares of 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 purchasing an additional 22,844 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

BankUnited Stock Down 0.1 %

NYSE:BKU traded down $0.02 during trading hours on Friday, hitting $28.31. The stock had a trading volume of 698,264 shares, compared to its average volume of 563,509. BankUnited, Inc. has a 1-year low of $20.84 and a 1-year high of $34.22. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.48. The company has a market cap of $2.12 billion, a PE ratio of 12.20 and a beta of 1.33. The business has a 50 day simple moving average of $27.79 and a two-hundred day simple moving average of $28.35.

BankUnited (NYSE:BKU - Get Free Report) last issued its quarterly 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 during the quarter, compared to the consensus estimate of $239.84 million. BankUnited had a return on equity of 8.06% and a net margin of 8.71%. During the same quarter in the prior year, the business posted $0.70 earnings per share. Analysts predict that BankUnited, Inc. will post 2.79 EPS for the current year.

Insider Buying and Selling

In other BankUnited news, Director John N. Digiacomo sold 1,500 shares of the firm's 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 completion of the transaction, the director now directly owns 13,482 shares of the company's stock, valued at approximately $394,752.96. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.19% of the company's stock.

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.