FIG Partners assumed coverage on shares of BankUnited Inc. (NYSE:BKU) in a note issued to investors on Thursday, The Fly reports. The firm set a “market perform” rating on the financial services provider’s stock.

BKU has been the topic of several other reports. Hovde Group cut BankUnited from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $30.00 to $28.00 in a report on Thursday, September 1st. Zacks Investment Research upgraded BankUnited from a “sell” rating to a “hold” rating in a report on Tuesday. TheStreet upgraded BankUnited from a “hold” rating to a “buy” rating in a report on Wednesday, November 9th. Finally, Barclays PLC reduced their price target on BankUnited from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $34.75.

Analyst Recommendations for BankUnited (NYSE:BKU)

BankUnited (NYSE:BKU) opened at 35.43 on Thursday. The stock’s 50 day moving average is $31.17 and its 200 day moving average is $31.17. The company has a market capitalization of $3.69 billion, a PE ratio of 17.50 and a beta of 0.92. BankUnited has a 52 week low of $27.85 and a 52 week high of $38.16.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.47 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.06. BankUnited had a return on equity of 9.50% and a net margin of 19.35%. During the same period in the prior year, the firm earned $0.50 EPS. Analysts predict that BankUnited will post $2.04 EPS for the current fiscal year.

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In related news, insider Jeffrey Starr sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $31.20, for a total value of $156,000.00. Following the sale, the insider now directly owns 34,000 shares in the company, valued at $1,060,800. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Eugene F. Demark sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 8th. The shares were sold at an average price of $29.53, for a total value of $29,530.00. Following the completion of the sale, the director now owns 16,682 shares in the company, valued at $492,619.46. The disclosure for this sale can be found here. 5.10% of the stock is owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD raised its position in shares of BankUnited by 11.6% in the third quarter. Price T Rowe Associates Inc. MD now owns 7,471,729 shares of the financial services provider’s stock valued at $225,646,000 after buying an additional 779,298 shares during the period. Vanguard Group Inc. raised its position in shares of BankUnited by 7.8% in the second quarter. Vanguard Group Inc. now owns 7,394,717 shares of the financial services provider’s stock valued at $227,166,000 after buying an additional 532,214 shares during the period. Diamond Hill Capital Management Inc. raised its position in shares of BankUnited by 14.4% in the third quarter. Diamond Hill Capital Management Inc. now owns 6,119,236 shares of the financial services provider’s stock valued at $184,801,000 after buying an additional 768,168 shares during the period. Neuberger Berman Group LLC raised its position in shares of BankUnited by 7.1% in the third quarter. Neuberger Berman Group LLC now owns 4,430,281 shares of the financial services provider’s stock valued at $133,794,000 after buying an additional 294,458 shares during the period. Finally, Ameriprise Financial Inc. raised its position in shares of BankUnited by 6.5% in the second quarter. Ameriprise Financial Inc. now owns 3,260,103 shares of the financial services provider’s stock valued at $100,152,000 after buying an additional 199,033 shares during the period. Institutional investors and hedge funds own 97.27% of the company’s stock.

About BankUnited

BankUnited, Inc is the bank holding company of BankUnited, National Association (the Bank). The Bank provides a range of banking services to individual and corporate customers through approximately 100 branches. The Company offers a range of lending products, including small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit and consumer loans.

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