What Will Happen to BankUnited, Inc. (BKU) Next? The Stock Just Reaches 52-Week High

January 23, 2018 - By Lynda A. Deweese

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.11, from 1.16 in 2017Q2. It worsened, as 20 investors sold BankUnited, Inc. shares while 82 reduced holdings. 29 funds opened positions while 78 raised stakes. 97.63 million shares or 3.06% less from 100.71 million shares in 2017Q2 were reported.
Menta Ltd Limited Liability Company has invested 0.45% of its portfolio in BankUnited, Inc. (NYSE:BKU). The New Jersey-based Prudential Financial has invested 0.01% in BankUnited, Inc. (NYSE:BKU). Mutual Of America Limited Co holds 0.02% or 29,420 shares. Bluemountain Capital Mgmt Ltd Company accumulated 143,153 shares or 0.1% of the stock. Wells Fargo & Mn holds 0.01% or 1.05 million shares. 3,626 were reported by Sg Americas Securities Limited Co. Canada Pension Plan Board accumulated 35,300 shares. Tdam Usa holds 64,880 shares or 0.14% of its portfolio. Moreover, Renaissance Lc has 0.02% invested in BankUnited, Inc. (NYSE:BKU). First Bank has invested 0.64% in BankUnited, Inc. (NYSE:BKU). Highbridge Capital Mngmt Limited Liability has 16,698 shares. Advisory Svcs Net Limited Liability Company accumulated 0% or 74 shares. Forward Mngmt Ltd Llc reported 0.02% of its portfolio in BankUnited, Inc. (NYSE:BKU). Guyasuta Investment Advsrs reported 0.04% stake. Morgan Stanley holds 972,954 shares or 0.01% of its portfolio.

Since August 4, 2017, it had 0 insider purchases, and 2 sales for $2.86 million activity. Starr Jeffrey sold $261,196 worth of stock.

The stock of BankUnited, Inc. (NYSE:BKU) hit a new 52-week high and has $46.41 target or 8.00 % above today’s $42.97 share price. The 7 months bullish chart indicates low risk for the $4.59 billion company. The 1-year high was reported on Jan, 23 by Barchart.com. If the $46.41 price target is reached, the company will be worth $367.20M 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 0.65% or $0.28 during the last trading session, reaching $42.97. About 442,026 shares traded. BankUnited, Inc. (NYSE:BKU) has risen 1.12% since January 23, 2017 and is uptrending. It has underperformed by 15.58% the S&P500.

Analysts await BankUnited, Inc. (NYSE:BKU) to report earnings on January, 24. They expect $0.61 earnings per share, up 3.39 % or $0.02 from last year’s $0.59 per share. BKU’s profit will be $65.16 million for 17.61 P/E if the $0.61 EPS becomes a reality. After $0.62 actual earnings per share reported by BankUnited, Inc. for the previous quarter, Wall Street now forecasts -1.61 % negative EPS growth.

BankUnited, Inc. (NYSE:BKU) Ratings Coverage

Among 18 analysts covering BankUnited (NYSE:BKU), 10 have Buy rating, 3 Sell and 5 Hold. Therefore 56% are positive. BankUnited has $50.0 highest and $28 lowest target. $42.07’s average target is -2.09% below currents $42.97 stock price. BankUnited had 48 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Friday, January 22 with “Equal-Weight”. The firm has “Sell” rating by Goldman Sachs given on Thursday, May 19. Barclays Capital downgraded BankUnited, Inc. (NYSE:BKU) on Thursday, November 5 to “Equal-Weight” rating. The stock of BankUnited, Inc. (NYSE:BKU) earned “Outperform” rating by Keefe Bruyette & Woods on Wednesday, April 26. Wells Fargo maintained the stock with “Buy” rating in Tuesday, January 9 report. The rating was maintained by BMO Capital Markets on Friday, July 7 with “Hold”. BMO Capital Markets maintained the stock with “Buy” rating in Monday, December 18 report. The stock of BankUnited, Inc. (NYSE:BKU) has “Buy” rating given on Friday, January 22 by Sandler O’Neill. Barclays Capital maintained BankUnited, Inc. (NYSE:BKU) on Tuesday, January 2 with “Buy” rating. Hovde Group upgraded BankUnited, Inc. (NYSE:BKU) on Tuesday, January 19 to “Outperform” rating.

More important recent BankUnited, Inc. (NYSE:BKU) news were published by: Streetinsider.com which released: “JMP Securities Starts BankUnited (BKU) at Market Outperform, Sees Footprint In …” on January 09, 2018, also Businesswire.com published article titled: “BankUnited, Inc. Reports 2017 Results”, Nasdaq.com published: “BankUnited, Inc. (BKU) Ex-Dividend Date Scheduled for January 11, 2018” on January 10, 2018. More interesting news about BankUnited, Inc. (NYSE:BKU) was released by: Businesswire.com and their article: “BankUnited, Inc. to Announce Fourth Quarter and Fiscal Year 2017 Results” with publication date: January 05, 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 $4.59 billion. The firm offers deposit products, including checking accounts, money market deposit accounts, savings accounts, and certificates of deposit. It has a 18.07 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.

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