BankUnited (NYSE:BKU) : 8 analysts are covering BankUnited (NYSE:BKU) and their average rating on the stock is 1.31, which is read as a Strong Buy. 6 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. BankUnited (NYSE:BKU) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
BankUnited (NYSE:BKU) : The most positive equity analysts on BankUnited (NYSE:BKU) expects the shares to touch $43, whereas, the least positive believes that the stock will trade at $37 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $38.83 with an expected fluctuation of $2.32 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Also, Goldman Sachs downgrades their rating on the shares of BankUnited (NYSE:BKU). The current rating of the shares is Sell. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on May 19, 2016.
BankUnited (NYSE:BKU): stock turned positive on Tuesday. Though the stock opened at $28.71, the bulls momentum made the stock top out at $29.25 level for the day. The stock recorded a low of $28.43 and closed the trading day at $29.2, in the green by 3.80%. The total traded volume for the day was 1,686,076. The stock had closed at $28.13 in the previous days trading.
In an insider trading activity, Starr Jeffrey, officer (Officer of Subsidiary) of Bankunited, Inc., unloaded 7,991 shares at an average price of $34.73 on March 8, 2016. The total amount of the transaction was worth $277,527, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.