BankUnited Inc. (BKU) Sees Strong Trading Volume
Shares of BankUnited Inc. (NYSE:BKU) saw unusually-strong trading volume on Tuesday . Approximately 1,358,462 shares were traded during trading, an increase of 86% from the previous session’s volume of 729,297 shares.The stock last traded at $32.19 and had previously closed at $31.71.
Several analysts have weighed in on BKU shares. JPMorgan Chase & Co. reiterated a “buy” rating on shares of BankUnited in a research note on Saturday, July 9th. Sandler O’Neill upgraded shares of BankUnited from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research note on Wednesday, June 29th. Bank of America Corp. reiterated a “buy” rating and set a $38.00 target price on shares of BankUnited in a research note on Monday, June 20th. Zacks Investment Research upgraded shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Friday, June 17th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $34.00 target price on shares of BankUnited in a research note on Thursday, July 21st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $36.13.
The stock’s 50-day moving average is $30.64 and its 200 day moving average is $32.60. The stock has a market capitalization of $3.35 billion and a P/E ratio of 12.85.
BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, July 20th. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. During the same period in the prior year, the firm posted $0.43 EPS. On average, analysts expect that BankUnited Inc. will post $2.11 EPS for the current year.
In other BankUnited news, insider Mark Bagnoli sold 2,000 shares of the company’s stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $30.11, for a total transaction of $60,220.00. Following the completion of the sale, the insider now owns 17,458 shares of the company’s stock, valued at $525,660.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
An institutional investor recently bought a new position in BankUnited stock. Trexquant Investment LP acquired a new stake in shares of BankUnited Inc. (NYSE:BKU) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 29,300 shares of the financial services provider’s stock, valued at approximately $1,057,000.
BankUnited, Inc is the bank holding company of BankUnited, National Association (the Bank). The Bank provides a range of banking services to individual and corporate customers through approximately 100 branches. The Company offers a range of lending products, including 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 and consumer loans.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.