Kennedy Capital Management buys $35,637,517 stake in BankUnited (BKU)

BankUnited (BKU) : Kennedy Capital Management scooped up 298,946 additional shares in BankUnited during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 1,033,271 shares of BankUnited which is valued at $35,637,517.BankUnited makes up approximately 0.66% of Kennedy Capital Management’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in BKU in the latest quarter, The investment management firm added 357,700 additional shares and now holds a total of 7,752,417 shares of BankUnited which is valued at $267,380,862. BankUnited makes up approx 0.02% of Vanguard Group Inc’s portfolio. Checchi Capital Advisers sold out all of its stake in BKU during the most recent quarter. The investment firm sold 1,129 shares of BKU which is valued $36,760.Epoch Investment Partners boosted its stake in BKU in the latest quarter, The investment management firm added 417,809 additional shares and now holds a total of 1,763,509 shares of BankUnited which is valued at $57,419,853. BankUnited makes up approx 0.22% of Epoch Investment Partners’s portfolio.Fieldpoint Private Advisors Inc boosted its stake in BKU in the latest quarter, The investment management firm added 22,240 additional shares and now holds a total of 101,735 shares of BankUnited which is valued at $3,131,403. BankUnited makes up approx 2.12% of Fieldpoint Private Advisors Inc’s portfolio.Jennison Associates reduced its stake in BKU by selling 116,329 shares or 4.94% in the most recent quarter. The Hedge Fund company now holds 2,237,730 shares of BKU which is valued at $64,155,719. BankUnited makes up approx 0.07% of Jennison Associates’s portfolio.

BankUnited opened for trading at $35.07 and hit $35.42 on the upside on Monday, eventually ending the session at $35.24, with a gain of 0.43% or 0.15 points. The heightened volatility saw the trading volume jump to 7,69,057 shares. Company has a market cap of $3,670 M.

On the company’s financial health, BankUnited reported $0.47 EPS for the quarter, missing the analyst consensus estimate by $ -0.06 based on the information available during the earnings call on Oct 20, 2016. Analyst had a consensus of $0.53.Analysts expectations of $ 249.24.During the same quarter in the previous year, the company posted $0.50 EPS.

Many Wall Street Analysts have commented on BankUnited. Company shares were Upgraded by Hovde Group on Nov 1, 2016 to ” Market Perform”, Firm has raised the Price Target to $ 29 from a previous price target of $28 .Shares were Downgraded by Hovde Group on Sep 1, 2016 to ” Underperform” and Lowered the Price Target to $ 28 from a previous price target of $30 .

BankUnited Inc. is a bank holding company with one wholly owned subsidiary BankUnited National Association collectively the Company. BankUnited provides banking services to individual and corporate customers through 100 branches located in approximately 15 Florida counties and around six banking centers in the New York metropolitan area. The Company’s lending focus is to serve commercial and middle-market businesses their executives and consumers with financial products and services. It offers lending products such as 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 residential mortgages and consumer loans. BankUnited offers deposit products including checking accounts money market deposit accounts savings accounts and certificates of deposit with various terms and rates.

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