BankUnited (BKU) : Traders are bullish on BankUnited (BKU) as it has outperformed the S&P 500 by a wide margin of 4.02% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.26%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.77% in the last 1 week, and is up 3.88% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.22% and the 50-Day Moving Average is 3.53%.The 200 Day SMA reached 4.35%. BankUnited, Inc. has dropped 4.73% during the last 3-month period . Year-to-Date the stock performance stands at -10.76%.
BankUnited (NYSE:BKU): After opening at $31.05, the stock dipped to an intraday low of $30.83 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $31.69 and the buying power remained strong till the end. The stock closed at $31.57 for the day, a gain of 1.81% for the day session. The total traded volume was 1,408,528. The stocks close on the previous trading day was $31.01.
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.