Vigilant Capital Management Exits Position in BankUnited (BKU)

BankUnited (BKU) : Vigilant Capital Management has sold out all of its stake in BankUnited during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 140 shares of BankUnited which is valued at $4,071.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in BKU in the latest quarter, The investment management firm added 1,130 additional shares and now holds a total of 41,124 shares of BankUnited which is valued at $1,227,140.Creative Planning boosted its stake in BKU in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 573 shares of BankUnited which is valued at $17,098. Cutler Group Lp sold out all of its stake in BKU during the most recent quarter. The investment firm sold 100 shares of BKU which is valued $3,042. Washington Trust Bank sold out all of its stake in BKU during the most recent quarter. The investment firm sold 65 shares of BKU which is valued $1,966.

BankUnited opened for trading at $29.2 and hit $29.41 on the upside on Friday, eventually ending the session at $29.08, with a gain of 1.18% or 0.34 points. The heightened volatility saw the trading volume jump to 7,30,585 shares. Company has a market cap of $3,029 M.

On the company’s financial health, BankUnited reported $0.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.51.Analysts expectations of $ 240.27.During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on BankUnited. 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 .Shares were Reiterated by RBC Capital Mkts on Jul 21, 2016 to “Outperform” and Lowered the Price Target to $ 37 from a previous price target of $39 .BankUnited was Downgraded by Sandler O’Neill to ” Hold” on Jul 21, 2016.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

BankUnited - Is it time to Sell?

Top Brokerage Firms are advising their investors on BankUnited. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.