Lombardia Capital Partners Lowers stake in BankUnited (BKU)

BankUnited (BKU) : Lombardia Capital Partners reduced its stake in BankUnited by 4.96% during the most recent quarter end. The investment management company now holds a total of 1,142,655 shares of BankUnited which is valued at $37.5 Million after selling 59,604 shares in BankUnited , the firm said in a disclosure report filed with the SEC on May 13, 2016.BankUnited makes up approximately 2.26% of Lombardia Capital Partners’s portfolio.

Other Hedge Funds, Including , D.a. Davidson boosted its stake in BKU in the latest quarter, The investment management firm added 175 additional shares and now holds a total of 1,788 shares of BankUnited which is valued at $58,646. Signaturefd added BKU to its portfolio by purchasing 73 company shares during the most recent quarter which is valued at $2,394.Majedie Asset Management Ltd boosted its stake in BKU in the latest quarter, The investment management firm added 120,349 additional shares and now holds a total of 808,433 shares of BankUnited which is valued at $26.5 Million. BankUnited makes up approx 3.87% of Majedie Asset Management Ltd’s portfolio.Blackrock Fund Advisors reduced its stake in BKU by selling 102,697 shares or 8.62% in the most recent quarter. The Hedge Fund company now holds 1,088,593 shares of BKU which is valued at $35.7 Million. BankUnited makes up approx 0.01% of Blackrock Fund Advisors’s portfolio.Fiduciary Management Associates reduced its stake in BKU by selling 1,550 shares or 10.5% in the most recent quarter. The Hedge Fund company now holds 13,215 shares of BKU which is valued at $439,134. BankUnited makes up approx 0.03% of Fiduciary Management Associates’s portfolio.

BankUnited opened for trading at $33.44 and hit $33.66 on the upside on Wednesday, eventually ending the session at $33.47, with a gain of 0.72% or 0.24 points. The heightened volatility saw the trading volume jump to 13,44,840 shares. Company has a market cap of $3,485 M.

On the company’s financial health, BankUnited reported $0.51 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 20, 2016. Analyst had a consensus of $0.52.Analysts expectations of $ 233.05.During the same quarter in the previous year, the company posted $0.44 EPS.

Many Wall Street Analysts have commented on BankUnited. BankUnited was Downgraded by Goldman to ” Sell” on May 19, 2016. Company shares were Upgraded by Deutsche Bank on Apr 13, 2016 to ” Buy”, Firm has raised the Price Target to $ 38 from a previous price target of $37 .

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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