BankUnited (BKU) Shares are Up 1.89%

BankUnited (BKU) has been under a strong bear grip, hence the stock is down -1.55% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.92% in the past 1 week. The stock has risen by 1.89% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.18% in the past 4 weeks.

BankUnited, Inc. has dropped 8.03% during the last 3-month period . Year-to-Date the stock performance stands at -14.52%. The stock has recorded a 20-day Moving Average of 0.67% and the 50-Day Moving Average is 1.28%.


BankUnited (NYSE:BKU): The stock opened at $30.24 on Friday but the bulls could not build on the opening and the stock topped out at $30.28 for the day. The stock traded down to $30.03 during the day, due to lack of any buying support eventually closed down at $30.24 with a loss of -0.46% for the day. The stock had closed at $30.38 on the previous day. The total traded volume was 386,517 shares.

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, 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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