Is Buying Bankunited Incorporated (NYSE:BKU) Here Good Idea?

October 6, 2017 - By Richard Conner

 Is Buying Bankunited Incorporated (NYSE:BKU) Here Good Idea?

Investors sentiment decreased to 1.16 in Q2 2017. Its down 0.07, from 1.23 in 2017Q1. It fall, as 23 investors sold BankUnited shares while 78 reduced holdings. 36 funds opened positions while 81 raised stakes. 100.71 million shares or 0.23% more from 100.49 million shares in 2017Q1 were reported.
Hennessy Advsrs stated it has 40,000 shares or 0.04% of all its holdings. Fifth Third Natl Bank reported 0% in BankUnited (NYSE:BKU). Weiss Multi reported 15,800 shares. The Georgia-based Suntrust Banks has invested 0% in BankUnited (NYSE:BKU). Us Savings Bank De reported 0% of its portfolio in BankUnited (NYSE:BKU). Jacobs Levy Equity Mgmt holds 0.04% or 54,870 shares in its portfolio. Tudor Invest Et Al accumulated 0.01% or 13,977 shares. 7,000 are owned by Alpine Woods Limited Liability Company. Rmb Management Ltd Liability accumulated 0.2% or 209,245 shares. Janney Montgomery Scott Limited Liability Company holds 0% of its portfolio in BankUnited (NYSE:BKU) for 6,710 shares. Cap Fund invested in 0.01% or 22,600 shares. Cambiar Invsts Llc has invested 0.06% of its portfolio in BankUnited (NYSE:BKU). Cornercap Invest Counsel invested 0.1% in BankUnited (NYSE:BKU). Engineers Gate Manager Limited Partnership stated it has 0.11% in BankUnited (NYSE:BKU). Price T Rowe Md invested in 0.05% or 8.33M shares.

Since May 23, 2017, it had 0 buys, and 1 sale for $6.78 million activity.

The stock of Bankunited Incorporated (NYSE:BKU) registered an increase of 28.25% in short interest. BKU’s total short interest was 1.73M shares in October as published by FINRA. Its up 28.25% from 1.35 million shares, reported previously. With 423,400 shares average volume, it will take short sellers 4 days to cover their BKU’s short positions. The short interest to Bankunited Incorporated’s float is 1.66%.

About 165,287 shares traded. BankUnited (NYSE:BKU) has risen 1.12% since October 6, 2016 and is uptrending. It has underperformed by 15.58% the S&P500.

BankUnited, Inc. is the bank holding firm of BankUnited . The company has market cap of $3.78 billion. The bank is a national banking association. It has a 15.83 P/E ratio. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate clients through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

BankUnited (NYSE:BKU) Ratings Coverage

Among 13 analysts covering BankUnited (NYSE:BKU), 7 have Buy rating, 1 Sell and 5 Hold. Therefore 54% are positive. BankUnited had 36 analyst reports since July 29, 2015 according to SRatingsIntel. Bank of America upgraded BankUnited (NYSE:BKU) on Friday, September 11 to “Buy” rating. The rating was upgraded by Hovde Group on Tuesday, November 1 to “Market Perform”. The stock of BankUnited (NYSE:BKU) has “Buy” rating given on Wednesday, June 29 by Sandler O’Neill. BMO Capital Markets maintained BankUnited (NYSE:BKU) rating on Friday, May 26. BMO Capital Markets has “Hold” rating and $4200 target. The firm earned “Buy” rating on Monday, May 29 by Wood. On Friday, January 22 the stock rating was maintained by UBS with “Buy”. The stock of BankUnited (NYSE:BKU) has “Market Perform” rating given on Friday, May 6 by BMO Capital Markets. Hovde Group downgraded it to “Underperform” rating and $28 target in Thursday, September 1 report. Sandler O’Neill upgraded the shares of BKU in report on Friday, January 22 to “Buy” rating. RBC Capital Markets maintained the shares of BKU in report on Thursday, July 21 with “Outperform” rating.

More recent BankUnited (NYSE:BKU) news were published by: Zacks.com which released: “BankUnited (BKU) Focuses on Improving Top Line, Costs a Woe” on September 11, 2017. Also Bizjournals.com published the news titled: “South Florida’s highest-paid finance executives” on October 05, 2017. Businesswire.com‘s news article titled: “BankUnited Commits to Hurricane Recovery Efforts in Florida” with publication date: September 14, 2017 was also an interesting one.

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