BankUnited Inc. (NYSE: BKU) is -36.05% lower on its value in year-to-date trading and has touched a low of $13.47 and a high of $37.60 in the current 52-week trading range. The BKU stock was last observed hovering at around $24.15 in the last trading session, with the day’s loss setting it -0.77% off its average median price target of $26.00 for the next 12 months. It is also 22.07% off the consensus price target high of $30.00 offered by 15 analysts, but current levels are -11.33% lower than the price target low of $21.00 for the same period.
Currently trading at $23.38, the stock is 3.57% and 14.96% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 19.64 million and changing -3.19% at the moment leaves the stock -7.70% off its SMA200. BKU registered -26.39% loss for a year compared to 6-month loss of -21.23%. The firm has a 50-day simple moving average (SMA 50) of $20.89 and a 200-day simple moving average (SMA200) of $20.94.
The stock witnessed a 16.09% gain in the last 1 month and extending the period to 3 months gives it a 24.23%, and is 1.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.04% over the week and 4.55% over the month.
BankUnited Inc. (BKU) has around 1493 employees, a market worth around $2.20B and $1.19B in sales. Current P/E ratio is 10.81 and Fwd P/E is 9.42. Profit margin for the company is 16.90%. Distance from 52-week low is 73.57% and -37.82% from its 52-week high. The company has generated returns on investments over the last 12 months (19.10%).
BankUnited Inc. (BKU) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for BankUnited Inc. (BKU) is a “Overweight”. 15 analysts offering their recommendations for the stock have an average rating of 2.40, where 6 rate it as a Hold and 0 think it is a “Overweight”. 8 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
BankUnited Inc. is expected to release its quarterly report on 10/21/2020 and quarterly earnings per share for the current quarter are estimated at $0.63 with sales reaching $231.38M over the same period.The EPS is expected to grow by 4.60% this year, but quarterly earnings will post 0.10% year-over-year. Quarterly sales are estimated to grow 3.50% in year-over-year returns.
BankUnited Inc. (BKU) Top Institutional Holders
318 institutions hold shares in BankUnited Inc. (BKU), with 768.78k shares held by insiders accounting for 0.83% while institutional investors hold 98.79% of the company’s shares. The shares outstanding are 92.40M, and float is at 91.68M with Short Float at 2.41%. Institutions hold 97.97% of the Float.
The top institutional shareholder in the company is Price (T.Rowe) Associates Inc with over 9.18 million shares valued at $185.86 million. The investor’s holdings represent 9.93% of the BKU Shares outstanding. As of Jun 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 8.75 million shares valued at $177.12 million to account for 9.47% of the shares outstanding. The other top investors are Blackrock Inc. which holds 7.06 million shares representing 7.64% and valued at over $142.97 million, while AllianceBernstein, L.P. holds 5.91% of the shares totaling 5.46 million with a market value of $110.59 million.
BankUnited Inc. (BKU) Insider Activity
A total of 17 insider transactions have happened at BankUnited Inc. (BKU) in the last six months, with sales accounting for 3 and purchases happening 14 times. The most recent transaction is an insider sale by PAULS DOUGLAS J, the company’s Director. SEC filings show that PAULS DOUGLAS J sold 45,700 shares of the company’s common stock on Feb 04 at a price of $33.66 per share for a total of $1.54 million. Following the sale, the insider now owns 34448.0 shares.
BankUnited Inc. disclosed in a document filed with the SEC on Feb 03 that PAULS DOUGLAS J (Director) sold a total of 4,300 shares of the company’s common stock. The trade occurred on Feb 03 and was made at $33.50 per share for $0.14 million. Following the transaction, the insider now directly holds 34448.0 shares of the BKU stock.
Still, SEC filings show that on Dec 13, Singh Rajinder P (President and CEO) disposed off 49,292 shares at an average price of $36.34 for $1.79 million. The insider now directly holds 289,991 shares of BankUnited Inc. (BKU).
BankUnited Inc. (BKU): Who are the competitors?
The company’s main competitors (and peers) include Capital One Financial Corporation (COF) that is trading -20.31% down over the past 12 months. Capital City Bank Group Inc. (CCBG) is -16.86% down on the 1-year trading charts. Short interest in the company’s stock has fallen -6.33% from the last report on Jul 14, 2020 to stand at a total of 2.35 million short shares sold with a short interest ratio of 2.91.