In yesterday’s Wall Street session, BankUnited Inc (NYSE:BKU) shares traded at $26.58, up 1.41% from the previous session.
11 analysts cover BankUnited Inc (NYSE:BKU), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $33.00 and a low of $23.50, we find $27.00. Given the previous closing price of $26.21, this indicates a potential upside of 3.01 percent. BKU stock price is now 15.49% away from the 50-day moving average and 8.41% away from the 200-day moving average. The market capitalization of the company currently stands at $1.98B.
The stock has received a hold rating from 8 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $27.68 as their price target over the next twelve months.
In other news, Malcolm Kevin A., Officer of Subsidiary sold 1,406 shares of the company’s stock on Mar 06. The stock was sold for $49,505 at an average price of $35.21. Upon completion of the transaction, the Officer of Subsidiary now directly owns 10,000 shares in the company, valued at $0.27 million. Insiders disposed of 43,774 shares of company stock worth roughly $1.16 million over the past 1 year. A total of 0.99% of the company’s stock is owned by insiders.
On Wednesday morning BankUnited Inc (NYSE: BKU) stock kicked off with the opening price of $26.74. During the past 12 months, BankUnited Inc has had a low of $15.83 and a high of $40.22. The fifty day moving average price for BKU is $23.01 and a two-hundred day moving average price translates $24.52 for the stock.
The latest earnings results from BankUnited Inc (NYSE: BKU) was released for Sep, 2023. According to the Banks – Regional Company, earnings per share came in at $0.63, missing analysts’ expectations of $0.71 by -0.08. This compares to $1.12 EPS in the same period last year. The net profit margin was 11.56% and return on equity was 8.71% for BKU. The company reported revenue of $470.54 million for the quarter, compared to $326.02 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 44.33 percent. For the current quarter, analysts expect BKU to generate $245.11M in revenue.
BankUnited Inc(BKU) Company Profile
BankUnited, Inc. operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services. Its loans portfolio includes commercial loans, including equipment loans, secured and unsecured lines of credit, formula-based lines of credit, owner-occupied commercial real estate term loans and lines of credit, mortgage warehouse lines, capital call lines, letters of credit, commercial credit cards, small business administration and U.S. department of agriculture product offerings, export-import bank financing products, trade finance, and business acquisition finance credit facilities; commercial real estate loans; residential mortgages; and other consumer loans. The company also offers online, mobile, and telephone banking services. It operates through a network of banking centers located in Florida counties and the New York metropolitan area, as well as Dallas, Texas. The company was formerly known as BU Financial Corporation. BankUnited, Inc. was incorporated in 2009 and is headquartered in Miami Lakes, Florida.
