BankUnited (BKU) : During the past 4 weeks, traders have been relatively bearish on BankUnited (BKU), hence the stock is down -9.53% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.39% relative to the S&P 500. The 4-week change in the price of the stock is -8.59% and the stock has fallen -2.34% in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.61% and the 50-Day Moving Average is 4.06%. BankUnited (NYSE:BKU): On Fridays trading session , Opening price of the stock was $29.58 with an intraday high of $29.75. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $29.43. However, the stock managed to close at $29.68, a loss of 0.37% for the day. On the previous day, the stock had closed at $29.79. The total traded volume of the day was 559,554 shares.
The company Insiders own 5.1% of BankUnited shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.28% . Institutional Investors own 98.11% of BankUnited shares. During last six month period, the net percent change held by insiders has seen a change of -15.04%. Also, Morgan Stanley maintains its view on BankUnited (NYSE:BKU) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. Morgan Stanley lowers the price target from $42 per share to $38 per share on BankUnited . The rating by the firm was issued on August 1, 2016.
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.