BankUnited (BKU) Receives Analyst Rating

BankUnited (BKU) : The consensus on BankUnited (BKU) based on 9 analyst recommendation on the company stock is 2.06, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 2 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

BankUnited (BKU) : Average target price received by BankUnited (BKU) is $35.25 with an expected standard deviation of $3.65. The most aggressive target on the stock is $40, whereas the most downbeat target is $28. 8 financial analysts are currently covering the stock.


Also, Equity Analysts at the Brokerage Firm, Morgan Stanley, maintains their rating on the shares of BankUnited (NYSE:BKU). Morgan Stanley has a Overweight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $38 per share from a prior target of $42. The rating by the firm was issued on August 1, 2016.

BankUnited (NYSE:BKU): After opening at $30.78, the stock dipped to an intraday low of $30.72 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $31.33 and the buying power remained strong till the end. The stock closed at $31.27 for the day, a gain of 1.16% for the day session. The total traded volume was 876,606. The stocks close on the previous trading day was $30.91.

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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