Large Inflow of Money Detected in BankUnited

BankUnited (BKU) : Investors lapped up stocks on upticks to the tune of $16.67 million in the Wednesdays trading session. The trading value on downticks was comparatively at $15.73 million and the uptick to downtick ratio of 1.06 indicates continuous buying by the bulls. The net money flow into the stock was $0.95 million. The block trades were dominated by the bulls with a healthy 9.01, uptick to downtick ratio. Only $0.33 million worth of trades exchanged hands on downticks showing the reluctance of the large traders to part with their holdings. Upticks saw transactions worth $2.93 clearly indicating buying by large investors. The total money flow for block trades stood at $2.6 million, which is a positive for the stock in the long-term. BankUnited (BKU) fell $2.38 during the day at $30.37, a drop of -7.26% over the previous days close. However, for the week, the stock is -6.46%, compared to the previous week.


Also, Equity Analysts at the Brokerage Firm, JP Morgan, maintains their rating on the shares of BankUnited (NYSE:BKU). JP Morgan has a Overweight rating on the shares. As per the latest research report, the brokerage house lowers the price target to $34.5 per share from a prior target of $40. The rating by the firm was issued on July 7, 2016.

BankUnited (NYSE:BKU): The stock opened at $32.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $32.24 for the day. The stock traded down to $29.80 during the day, due to lack of any buying support eventually closed down at $30.66 with a loss of -6.38% for the day. The stock had closed at $32.75 on the previous day. The total traded volume was 5,077,037 shares.

The stock has recorded a 20-day Moving Average of 0.34% and the 50-Day Moving Average is 3.91%. In a related news,The officer (Officer of Subsidiary) of Bankunited, Inc., Starr Jeffrey sold 7,991 shares at $34.73 on March 8, 2016. The Insider selling transaction had a total value worth of $277,527. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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