BankUnited, Inc. (BKU) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. trimmed its holdings in shares of BankUnited, Inc. (NYSE:BKU) by 3.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,964 shares of the financial services provider’s stock after selling 701 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in BankUnited were worth $774,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of BankUnited by 5.2% during the first quarter. Vanguard Group Inc. now owns 8,468,204 shares of the financial services provider’s stock worth $315,948,000 after purchasing an additional 421,232 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of BankUnited by 11.5% during the second quarter. Diamond Hill Capital Management Inc. now owns 7,666,132 shares of the financial services provider’s stock worth $258,425,000 after purchasing an additional 792,163 shares during the last quarter. Neuberger Berman Group LLC lifted its position in shares of BankUnited by 3.0% during the first quarter. Neuberger Berman Group LLC now owns 5,932,281 shares of the financial services provider’s stock worth $221,333,000 after purchasing an additional 170,686 shares during the last quarter. BlackRock Inc. lifted its position in shares of BankUnited by 14,458.5% during the first quarter. BlackRock Inc. now owns 4,958,929 shares of the financial services provider’s stock worth $185,017,000 after purchasing an additional 4,924,867 shares during the last quarter. Finally, FMR LLC lifted its position in shares of BankUnited by 9.3% during the first quarter. FMR LLC now owns 4,576,449 shares of the financial services provider’s stock worth $170,747,000 after purchasing an additional 388,495 shares during the last quarter. Institutional investors and hedge funds own 98.58% of the company’s stock.

In related news, Chairman John Adam Kanas sold 200,000 shares of the stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $32.65, for a total transaction of $6,530,000.00. Following the transaction, the chairman now owns 948,070 shares of the company’s stock, valued at approximately $30,954,485.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jeffrey Starr sold 7,445 shares of the stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $35.08, for a total value of $261,170.60. Following the transaction, the insider now directly owns 29,000 shares in the company, valued at approximately $1,017,320. The disclosure for this sale can be found here. In the last three months, insiders have sold 586,035 shares of company stock worth $19,373,735. 5.10% of the stock is owned by corporate insiders.

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Shares of BankUnited, Inc. (NYSE BKU) opened at 33.03 on Wednesday. The company has a market capitalization of $3.53 billion, a P/E ratio of 14.78 and a beta of 1.07. The company has a 50 day moving average price of $33.52 and a 200 day moving average price of $34.86. BankUnited, Inc. has a 12-month low of $28.13 and a 12-month high of $41.00.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.04. BankUnited had a return on equity of 9.81% and a net margin of 19.54%. The firm had revenue of $269.48 million for the quarter, compared to analyst estimates of $258.47 million. During the same quarter in the prior year, the company earned $0.52 EPS. Equities analysts anticipate that BankUnited, Inc. will post $2.38 EPS for the current year.

BKU has been the subject of several research analyst reports. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $41.00 target price on shares of BankUnited in a research report on Friday, May 26th. Bank of America Corporation reiterated a “buy” rating and set a $46.00 target price on shares of BankUnited in a research report on Monday, July 10th. ValuEngine downgraded BankUnited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. BMO Capital Markets restated a “hold” rating and issued a $40.00 price objective on shares of BankUnited in a report on Friday, July 7th. Finally, Wedbush restated a “neutral” rating and issued a $35.00 price objective on shares of BankUnited in a report on Tuesday, June 27th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. BankUnited currently has a consensus rating of “Buy” and a consensus target price of $41.17.

About BankUnited

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

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Institutional Ownership by Quarter for BankUnited (NYSE:BKU)

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