BankUnited (BKU) : Analyst Rating Update

BankUnited (BKU) : 6 brokerage houses believe that BankUnited (BKU) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on BankUnited (BKU). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 8 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.31.

BankUnited (BKU) : The most positive equity analysts on BankUnited (BKU) expects the shares to touch $43, whereas, the least positive believes that the stock will trade at $34 in the short term. The company is covered by 7 Wall Street Brokerage Firms. The average price target for shares are $38.14 with an expected fluctuation of $2.79 from the mean.

BankUnited (NYSE:BKU): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.92 and $28.64 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.45. The buying momentum continued till the end and the stock did not give up its gains. It closed at $29.44, notching a gain of 0.58% for the day. The total traded volume was 825,717 . The stock had closed at $29.27 on the previous day.

Also, Brokerage firm Sandler ONeill upgrades its rating on BankUnited (NYSE:BKU). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on June 29, 2016. The company shares have dropped -17.76% from its 1 Year high price. On Nov 6, 2015, the shares registered one year high at $39.97 and the one year low was seen on Jun 27, 2016. The 50-Day Moving Average price is $32.10 and the 200 Day Moving Average price is recorded at $33.50.

BankUnited, Inc. is a bank holding company with one wholly owned subsidiary, BankUnited, National Association, collectively, the Company. BankUnited provides banking services to individual and corporate customers through 100 branches located in approximately 15 Florida counties and around six banking centers in the New York metropolitan area. The Companys lending focus is to serve commercial and middle-market businesses, their executives and consumers with financial products and services. It offers lending products , such as small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit, residential mortgages and consumer loans. BankUnited offers deposit products including checking accounts, money market deposit accounts, savings accounts and certificates of deposit with various terms and rates.

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