Bankunited INC Usd0.01 Common Stock (BKU) Holder Rathbone Brothers Plc Trimmed Holding by $32.20 Million as Stock Were Volatile

May 19, 2017 - By Louis Casey

Rathbone Brothers Plc decreased its stake in Bankunited Inc Usd0.01 Common Stock (BKU) by 63.83% based on its latest 2016Q4 regulatory filing with the SEC. Rathbone Brothers Plc sold 870,331 shares as the company’s stock 0.00% . The institutional investor held 493,202 shares of the finance company at the end of 2016Q4, valued at $18.59M, down from 1.36 million at the end of the previous reported quarter. Rathbone Brothers Plc who had been investing in Bankunited Inc Usd0.01 Common Stock for a number of months, seems to be less bullish one the $3.66B market cap company. The stock declined 0.12% or $0.04 reaching $33.79 per share. About 356,904 shares traded. BankUnited (NYSE:BKU) has risen 6.00% since April 19, 2017 and is uptrending. It has by 0.00% the S&P500.

Rathbone Brothers Plc, which manages about $32.89B and $2.00B US Long portfolio, upped its stake in Reynolds American Inc Usd0.0001 Common Stock (NYSE:RAI) by 349,912 shares to 381,755 shares, valued at $21.39M in 2016Q4, according to the filing. It also increased its holding in Smith(Ao)Corp Usd1 Common Stock (NYSE:AOS) by 248,000 shares in the quarter, for a total of 498,000 shares, and has risen its stake in Amazon Com Inc Usd0.01 Common Stock (NASDAQ:AMZN).

Investors sentiment decreased to 1.02 in 2016 Q4. Its down 0.05, from 1.07 in 2016Q3. It worsened, as 27 investors sold BKU shares while 82 reduced holdings. 37 funds opened positions while 74 raised stakes. 98.31 million shares or 0.43% more from 97.89 million shares in 2016Q3 were reported. Raymond James Associate has invested 0.01% in BankUnited (NYSE:BKU). Ridgeworth Mgmt Llc stated it has 1.60 million shares or 0.51% of all its holdings. Hsbc Hldgs Public Limited Liability Com holds 9,341 shares. Bancshares Of Montreal Can holds 272,616 shares. Td Asset Mgmt Incorporated invested in 63,100 shares or 0% of the stock. Cubist Systematic Strategies Limited Liability Com reported 7,253 shares. 69,659 are owned by Tiaa Cref Fsb Mo. Lombardia Partners Ltd Llc holds 506,734 shares or 1.96% of its portfolio. Fmr Ltd Company has invested 0.02% of its portfolio in BankUnited (NYSE:BKU). Kcg Incorporated, a New Jersey-based fund reported 19,981 shares. Highbridge Mngmt Ltd Com stated it has 0.01% in BankUnited (NYSE:BKU). Menta Capital Llc stated it has 38,500 shares or 0.12% of all its holdings. Brown Brothers Harriman & holds 0.51% of its portfolio in BankUnited (NYSE:BKU) for 2.48 million shares. Blackrock Limited, a United Kingdom-based fund reported 368,308 shares. Vanguard Gru invested in 0.02% or 8.05M shares.

Since December 12, 2016, it had 0 insider purchases, and 6 insider sales for $85.35 million activity. 5,000 shares were sold by Starr Jeffrey, worth $187,871. Shares for $851,179 were sold by KANAS JOHN ADAM on Wednesday, March 15. $37,542 worth of BankUnited (NYSE:BKU) was sold by DeMark Eugene F on Monday, December 12. Shares for $454,750 were sold by PAULS DOUGLAS J. Roberto Joseph sold $69,999 worth of stock.

Analysts await BankUnited (NYSE:BKU) to report earnings on July, 19. They expect $0.57 earnings per share, up 9.62 % or $0.05 from last year’s $0.52 per share. BKU’s profit will be $61.74M for 14.82 P/E if the $0.57 EPS becomes a reality. After $0.57 actual earnings per share reported by BankUnited for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

More notable recent BankUnited (NYSE:BKU) news were published by: Patch.com which released: “Fairfield Banker Named SVP at BankUnited in Westchester” on May 16, 2017, also Nasdaq.com with their article: “BankUnited is Oversold” published on May 17, 2017, Bizjournals.com published: “BankUnited slows loan growth in Q1, income rises” on April 25, 2017. More interesting news about BankUnited (NYSE:BKU) were released by: Law360.com and their article: “BankUnited Plan Admin Can’t Revive $15M Coverage Bid” published on May 17, 2017 as well as Seekingalpha.com‘s news article titled: “BankUnited’s (BKU) CEO Rajinder Singh on Q1 2017 Results – Earnings Call …” with publication date: April 25, 2017.

BankUnited (NYSE:BKU) Ratings Coverage

Among 11 analysts covering BankUnited (NYSE:BKU), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. BankUnited had 28 analyst reports since July 29, 2015 according to SRatingsIntel. FIG Partners initiated the shares of BKU in report on Thursday, December 1 with “Market Perform” rating. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Wednesday, April 26 report. As per Tuesday, November 1, the company rating was upgraded by Hovde Group. The stock of BankUnited (NYSE:BKU) earned “Outperform” rating by Hovde Group on Tuesday, February 14. The firm has “Outperform” rating by BMO Capital Markets given on Thursday, January 14. The firm has “Market Perform” rating given on Friday, May 6 by BMO Capital Markets. As per Friday, September 11, the company rating was upgraded by Bank of America. The stock has “Buy” rating by UBS on Friday, January 22. The stock of BankUnited (NYSE:BKU) has “Neutral” rating given on Wednesday, April 26 by JP Morgan. The firm earned “Buy” rating on Wednesday, June 29 by Sandler O’Neill.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.