What Next for BankUnited, Inc. (BKU) Stock After Achieving 52-Week High?

May 23, 2018 - By Ellis Scott

BankUnited, Inc. (NYSE:BKU) Logo

Investors sentiment increased to 1.2 in 2017 Q4. Its up 0.15, from 1.05 in 2017Q3. It improved, as 28 investors sold BankUnited, Inc. shares while 68 reduced holdings. 35 funds opened positions while 80 raised stakes. 97.52 million shares or 0.11% less from 97.63 million shares in 2017Q3 were reported.
30,532 are held by Endeavour Cap Advsrs Inc. Alpha Windward Ltd Liability Corp reported 806 shares. Amer Int invested in 2,178 shares or 0% of the stock. State Of Wisconsin Board reported 21,335 shares or 0% of all its holdings. Farmers And Merchants Invests has invested 0.19% in BankUnited, Inc. (NYSE:BKU). Mutual Of America Management Ltd Com reported 29,420 shares stake. Jennison Assocs Limited has invested 0.12% in BankUnited, Inc. (NYSE:BKU). Swiss Comml Bank accumulated 0.01% or 181,900 shares. Dumont & Blake Inv Advsrs Lc owns 11,768 shares for 0.19% of their portfolio. First Mercantile Trust owns 0.04% invested in BankUnited, Inc. (NYSE:BKU) for 5,380 shares. Bluemountain Capital Mngmt Llc owns 127,914 shares. Blackrock Inc holds 0.01% or 4.64M shares. Moreover, Aqr Capital Mngmt Lc has 0.03% invested in BankUnited, Inc. (NYSE:BKU). Hennessy Advsrs accumulated 185,000 shares. Tower Research Cap Ltd (Trc) has invested 0.01% in BankUnited, Inc. (NYSE:BKU).

Since January 25, 2018, it had 0 insider purchases, and 6 selling transactions for $7.31 million activity. DeMark Eugene F also sold $115,100 worth of BankUnited, Inc. (NYSE:BKU) on Tuesday, March 13. On Thursday, January 25 PAULS DOUGLAS J sold $1.68M worth of BankUnited, Inc. (NYSE:BKU) or 40,000 shares. 5,000 shares were sold by Bansal Rishi, worth $216,150. On Tuesday, March 13 the insider Starr Jeffrey sold $120,307. Bagnoli Mark sold 1,000 shares worth $40,631.

The stock of BankUnited, Inc. (NYSE:BKU) hit a new 52-week high and has $45.26 target or 6.00 % above today’s $42.70 share price. The 5 months bullish chart indicates low risk for the $4.53 billion company. The 1-year high was reported on May, 23 by Barchart.com. If the $45.26 price target is reached, the company will be worth $271.74M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock decreased 1.25% or $0.54 during the last trading session, reaching $42.7. About 61,925 shares traded. BankUnited, Inc. (NYSE:BKU) has risen 10.76% since May 23, 2017 and is uptrending. It has underperformed by 0.79% the S&P500.

Analysts await BankUnited, Inc. (NYSE:BKU) to report earnings on July, 25. They expect $0.79 EPS, up 31.67 % or $0.19 from last year’s $0.6 per share. BKU’s profit will be $83.79M for 13.51 P/E if the $0.79 EPS becomes a reality. After $0.77 actual EPS reported by BankUnited, Inc. for the previous quarter, Wall Street now forecasts 2.60 % EPS growth.

BankUnited, Inc. (NYSE:BKU) Ratings Coverage

Among 10 analysts covering BankUnited (NYSE:BKU), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. BankUnited had 16 analyst reports since December 13, 2017 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Buy” on Monday, December 18. The stock of BankUnited, Inc. (NYSE:BKU) has “Buy” rating given on Thursday, April 26 by Sandler O’Neill. The firm earned “Buy” rating on Tuesday, January 23 by BMO Capital Markets. Wells Fargo maintained the shares of BKU in report on Tuesday, January 9 with “Buy” rating. On Wednesday, January 24 the stock rating was maintained by Sandler O’Neill with “Hold”. The rating was downgraded by Hovde Group on Wednesday, February 7 to “Hold”. Barclays Capital maintained BankUnited, Inc. (NYSE:BKU) on Tuesday, January 2 with “Buy” rating. The rating was downgraded by Keefe Bruyette & Woods on Wednesday, January 24 to “Hold”. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. The stock has “Hold” rating by Keefe Bruyette & Woods on Monday, February 26.

Another recent and important BankUnited, Inc. (NYSE:BKU) news was published by Seekingalpha.com which published an article titled: “BankUnited’s (BKU) CEO Raj Singh on Q1 2018 Results – Earnings Call Transcript” on April 25, 2018.

BankUnited, Inc. operates as the bank holding firm for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate clients in the United States. The company has market cap of $4.53 billion. The firm offers deposit products, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit. It has a 7.65 P/E ratio. The Company’s loans portfolio includes small business loans, commercial real estate loans, equipment loans and leases, term loans, formula loans, municipal and non-profit loans and leases, commercial and mortgage warehouse lines of credit, letters of credit, and consumer loans, as well as residential loans.

BankUnited, Inc. (NYSE:BKU) Ratings Chart

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