Snow Capital Management LP Holds Stake in Bankunited INC (BKU)

October 13, 2018 - By Darrin Black

BankUnited, Inc. (NYSE:BKU) LogoInvestors sentiment increased to 1.21 in Q2 2018. Its up 0.08, from 1.13 in 2018Q1. It increased, as 10 investors sold BKU shares while 85 reduced holdings. 47 funds opened positions while 68 raised stakes. 96.00 million shares or 0.36% more from 95.66 million shares in 2018Q1 were reported. Diamond Hill Mgmt Incorporated accumulated 6.10M shares. Archford Cap Strategies Limited Company holds 73 shares or 0% of its portfolio. Washington Tru Company reported 0% stake. Dimensional Fund Lp holds 1.60M shares. Lomas Capital Management Ltd Liability Corporation owns 1.03% invested in BankUnited, Inc. (NYSE:BKU) for 145,583 shares. Alliancebernstein Lp has invested 0.07% in BankUnited, Inc. (NYSE:BKU). Rafferty Asset Management Llc holds 0.02% or 38,311 shares. Metropolitan Life Insurance Ny, New York-based fund reported 2,796 shares. Hussman Strategic Advisors Inc owns 51,500 shares for 0.57% of their portfolio. Moreover, Of Vermont has 0% invested in BankUnited, Inc. (NYSE:BKU). Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Management Corporation, Alberta – Canada-based fund reported 37,600 shares. Northern Tru accumulated 506,790 shares or 0.01% of the stock. Blair William And Il has 82,813 shares. Goldman Sachs Inc has 972,132 shares for 0.01% of their portfolio. Automobile Association has 0% invested in BankUnited, Inc. (NYSE:BKU) for 76,295 shares.

Since May 4, 2018, it had 1 buying transaction, and 4 insider sales for $8.61 million activity. 5,000 shares valued at $217,560 were sold by Starr Jeffrey on Tuesday, May 22. 74,927 shares were sold by Singh Rajinder P, worth $3.24 million. Shares for $40,631 were sold by Bagnoli Mark.

Snow Capital Management Lp increased its stake in Bankunited Inc (BKU) by 74.3% based on its latest 2018Q2 regulatory filing with the SEC. Snow Capital Management Lp bought 557,505 shares as the company’s stock declined 12.18% while stock markets rallied. The institutional investor held 1.31M shares of the finance company at the end of 2018Q2, valued at $53.43 million, up from 750,352 at the end of the previous reported quarter. Snow Capital Management Lp who had been investing in Bankunited Inc for a number of months, seems to be bullish on the $3.54 billion market cap company. The stock decreased 1.00% or $0.34 during the last trading session, reaching $33.64. About 2.06M shares traded or 134.19% up from the average. BankUnited, Inc. (NYSE:BKU) has risen 15.65% since October 13, 2017 and is uptrending. It has outperformed by 0.03% the S&P500.

Snow Capital Management Lp, which manages about $3.43 billion and $2.18 billion US Long portfolio, decreased its stake in Voya Financial Inc (NYSE:VOYA) by 68,094 shares to 1.24M shares, valued at $58.29M in 2018Q2, according to the filing. It also reduced its holding in Skyworks Solutions Inc (NASDAQ:SWKS) by 85,755 shares in the quarter, leaving it with 259,347 shares, and cut its stake in Whiting Petroleum Corp.

Another recent and important BankUnited, Inc. (NYSE:BKU) news was published by which published an article titled: “BankUnited Downgraded By Morgan Stanley On Headwinds Facing Mid-Cap Banks” on September 18, 2018.

BankUnited, Inc. (NYSE:BKU) Ratings Coverage

Among 3 analysts covering BankUnited (NYSE:BKU), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. BankUnited had 4 analyst reports since April 26, 2018 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, April 26 by Sandler O’Neill. As per Tuesday, July 31, the company rating was maintained by Morgan Stanley. Morgan Stanley downgraded BankUnited, Inc. (NYSE:BKU) on Tuesday, September 18 to “Equal-Weight” rating. Barclays Capital maintained BankUnited, Inc. (NYSE:BKU) rating on Wednesday, October 3. Barclays Capital has “Overweight” rating and $45 target.

BankUnited, Inc. (NYSE:BKU) Ratings Chart

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