MML Investors Services LLC Acquires Shares of 9,535 BankUnited, Inc. (NYSE:BKU)

MML Investors Services LLC purchased a new position in BankUnited, Inc. (NYSE:BKU) during the 3rd quarter, HoldingsChannel reports. The fund purchased 9,535 shares of the financial services provider’s stock, valued at approximately $347,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in shares of BankUnited in the second quarter valued at approximately $74,000. CWM LLC increased its stake in shares of BankUnited by 118.3% in the 3rd quarter. CWM LLC now owns 4,208 shares of the financial services provider’s stock worth $153,000 after acquiring an additional 2,280 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of BankUnited during the 2nd quarter valued at about $169,000. GAMMA Investing LLC grew its holdings in shares of BankUnited by 17.4% in the third quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 686 shares during the period. Finally, Picton Mahoney Asset Management acquired a new stake in BankUnited during the second quarter worth about $175,000. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on BKU shares. Compass Point increased their price target on shares of BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Citigroup cut their target price on BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. The Goldman Sachs Group upped their price target on BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a research note on Tuesday, November 26th. Barclays cut their price objective on BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a research report on Friday, December 20th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $37.00 target price on shares of BankUnited in a research report on Wednesday, October 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $41.36.

Insider Buying and Selling at BankUnited

In other news, COO Thomas M. Cornish sold 10,778 shares of BankUnited stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.11, for a total transaction of $421,527.58. Following the completion of the sale, the chief operating officer now directly owns 100,000 shares of the company’s stock, valued at approximately $3,911,000. The trade was a 9.73 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jay D. Richards sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total transaction of $102,950.00. Following the transaction, the insider now owns 34,687 shares of the company’s stock, valued at approximately $1,428,410.66. The trade was a 6.72 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is owned by corporate insiders.

BankUnited Price Performance

Shares of BKU opened at $38.61 on Wednesday. The company has a market cap of $2.89 billion, a P/E ratio of 15.82 and a beta of 1.36. BankUnited, Inc. has a fifty-two week low of $24.34 and a fifty-two week high of $44.45. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The firm’s 50 day moving average price is $39.18 and its 200 day moving average price is $36.00.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $515.24 million for the quarter, compared to analyst estimates of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same quarter in the prior year, the company earned $0.63 earnings per share. On average, research analysts forecast that BankUnited, Inc. will post 2.89 earnings per share for the current fiscal year.

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.