In Friday’s Wall Street session, BankUnited Inc (NYSE:BKU) shares traded at $40.66, up 0.69% from the previous session.
BKU stock price is now 2.11% away from the 50-day moving average and 14.13% away from the 200-day moving average. The market capitalization of the company currently stands at $3.04B.
With the price target enhanced from $38 to $48, Wells Fargo Upgraded its rating from Equal Weight to Overweight for BankUnited Inc (NYSE: BKU). On July 19, 2024, Hovde Group reiterated its ‘Outperform’ rating on the stock by increasing its target price from $33 to quote $41, while ‘Barclays’ rates the stock as ‘Equal Weight’
In other news, Richards Jay D., Officer of Subsidiary sold 2,500 shares of the company’s stock on Nov 19 ’24. The stock was sold for $102,950 at an average price of $41.18. Upon completion of the transaction, the Officer of Subsidiary now directly owns 34,687 shares in the company, valued at $1.41 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 19 ’24, Officer Richards Jay D. bought 2,500 shares of the business’s stock. A total of $102,950 was incurred on buying the stock at an average price of $41.18. A total of 0.96% of the company’s stock is owned by insiders.
During the past 12 months, BankUnited Inc has had a low of $24.34 and a high of $44.45. According to the stock market information, the enterprise value for the company is $6186705920, which is based on a 13.20 price-to-earnings ratio, a 1.63 price-to-earnings-growth ratio, and a beta of 1.38. The fifty day moving average price for BKU is $39.8214 and a two-hundred day moving average price translates $35.6254 for the stock.
The latest earnings results from BankUnited Inc (NYSE: BKU) was released for 2024-12-31. The net profit margin was 13.20% and return on equity was 9.90% for BKU. The company reported revenue of $492.36 million for the quarter, compared to $470.54 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 4.64 percent. For the current quarter, analysts expect BKU to generate $264.17M in revenue.
