Large Outflow of Money Witnessed in BankUnited

BankUnited (BKU) : Fridays money flow analysis of BankUnited (BKU) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $10.06 million. In comparison, the inflow of money on upticks was a meager $6.04 million. The dollar value of composite uptick trades minus the downtick trades was negative $4.01 million. The uptick to downtick ratio of 0.6 in the money flow shows weakness. The downtick transaction value was high at $2.51 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($2.51 million). BankUnited (BKU) gained $0.16 at $30.6, a change of 0.53% over the previous days close.


BankUnited (BKU) : Average target price received by BankUnited (BKU) is $36.06 with an expected standard deviation of $3.68. The most aggressive target on the stock is $42, whereas the most downbeat target is $30. 9 financial analysts are currently covering the stock.

BankUnited (NYSE:BKU): stock turned positive on Friday. Though the stock opened at $30.39, the bulls momentum made the stock top out at $30.72 level for the day. The stock recorded a low of $30.22 and closed the trading day at $30.6, in the green by 0.53%. The total traded volume for the day was 1,538,403. The stock had closed at $30.44 in the previous days trading.

In a related news, The officer (Officer of Subsidiary), of Bankunited, Inc., Starr Jeffrey had unloaded 7,991 shares at $34.73 per share in a transaction on March 8, 2016. The total value of transaction was $277,527. The Insider information was revealed by 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.