Analyst Price Target Update on BankUnited (NYSE:BKU)

BankUnited (NYSE:BKU) shares are expected to touch $39.17 in the short term. This short term price target has been shared by 6 analysts. However, the standard deviation of short term price estimate has been valued at 2.32. The target price could hit $43 on the higher end and $37 on the lower end.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Brokerage Firm, Goldman Sachs, downgrades their rating on the shares of BankUnited (NYSE:BKU). Goldman Sachs has a Sell rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on May 19, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Officer of Subsidiary) of Bankunited, Inc., Starr Jeffrey had sold 7,991 shares worth of $277,527 in a transaction dated March 8, 2016. In this transaction, 7,991 shares were sold at $34.73 per share.

BankUnited (NYSE:BKU) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.31 points or 0.95% at $32.38 with 1,135,736 shares getting traded. Post opening the session at $32.48, the shares hit an intraday low of $32.26 and an intraday high of $32.9325 and the price was in this range throughout the day. The company has a market cap of $3,372 million and the number of outstanding shares have been calculated to be 104,136,900 shares. The 52-week high of BankUnited (NYSE:BKU) is $39.97 and the 52-week low is $29.72.

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 Companys 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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