Majedie Asset Management Ltd buys $26.5 Million stake in BankUnited (BKU)

BankUnited (BKU) : Majedie Asset Management Ltd scooped up 120,349 additional shares in BankUnited during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 808,433 shares of BankUnited which is valued at $26.5 Million.BankUnited makes up approximately 3.87% of Majedie Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… reduced its stake in BKU by selling 26,500 shares or 20.63% in the most recent quarter. The Hedge Fund company now holds 101,940 shares of BKU which is valued at $3.3 Million. BankUnited makes up approx 0.05% of Her Majesty The Queen In Right Of The Province Of Alberta…’s portfolio. Barometer Capital Management sold out all of its stake in BKU during the most recent quarter. The investment firm sold 138,400 shares of BKU which is valued $4.5 Million. Bluecrest Capital Management Ltd sold out all of its stake in BKU during the most recent quarter. The investment firm sold 7,269 shares of BKU which is valued $241,549. Checchi Capital Advisers added BKU to its portfolio by purchasing 541 company shares during the most recent quarter which is valued at $17,977.Ifp Advisors Inc boosted its stake in BKU in the latest quarter, The investment management firm added 1,069 additional shares and now holds a total of 3,812 shares of BankUnited which is valued at $126,673. BankUnited makes up approx 0.01% of Ifp Advisors Inc’s portfolio.

BankUnited closed down -0.07 points or -0.21% at $33.1 with 10,48,672 shares getting traded on Friday. Post opening the session at $33.21, the shares hit an intraday low of $32.94 and an intraday high of $33.53 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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