Market Recap: BankUnited Inc (BKU)’s Positive Momentum, Closing at 38.52

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The closing price of BankUnited Inc (NYSE: BKU) was $38.52 for the day, up 0.13% from the previous closing price of $38.47. In other words, the price has increased by $0.13 from its previous closing price. On the day, 0.87 million shares were traded. BKU stock price reached its highest trading level at $39.51 during the session, while it also had its lowest trading level at $38.21.

Ratios:

Our analysis of BKU’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 1.48 whereas as Long-Term Debt/Eq ratio is at 1.48.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Hovde Group on July 19, 2024, Reiterated its Outperform rating but revised its target price to $41 from $33 previously.

On March 08, 2024, Barclays started tracking the stock assigning a Equal Weight rating and target price of $29.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jul 22 ’24 when Richards Jay D. sold 10,143 shares for $36.61 per share. The transaction valued at 371,293 led to the insider holds 37,187 shares of the business.

PAULS DOUGLAS J sold 3,500 shares of BKU for $127,750 on Jul 22 ’24. The Director now owns 43,654 shares after completing the transaction at $36.50 per share. On May 21 ’24, another insider, DiGiacomo John N., who serves as the Director of the company, sold 1,500 shares for $29.28 each. As a result, the insider received 43,920 and left with 13,482 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, BKU now has a Market Capitalization of 2879701248 and an Enterprise Value of 6436346880. As of this moment, BankUnited’s Price-to-Earnings (P/E) ratio for their current fiscal year is 17.13, and their Forward P/E ratio for the next fiscal year is 11.74. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.78. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.43 while its Price-to-Book (P/B) ratio in mrq is 1.07. Its current Enterprise Value per Revenue stands at 7.3.

Stock Price History:

Over the past 52 weeks, BKU has reached a high of $39.22, while it has fallen to a 52-week low of $20.84. The 50-Day Moving Average of the stock is 25.92%, while the 200-Day Moving Average is calculated to be 36.93%.

Shares Statistics:

BKU traded an average of 782.72K shares per day over the past three months and 1105380 shares per day over the past ten days. A total of 74.37M shares are outstanding, with a floating share count of 74.02M. Insiders hold about 0.99% of the company’s shares, while institutions hold 107.11% stake in the company. Shares short for BKU as of 1721001600 were 3116766 with a Short Ratio of 3.98, compared to 1718323200 on 3238603. Therefore, it implies a Short% of Shares Outstanding of 3116766 and a Short% of Float of 6.69.

Dividends & Splits

With its trailing 12-month dividend rate of 1.12, BKU has a forward annual dividend rate of 1.12. Against a Trailing Annual Dividend Yield of 0.029113594The stock’s 5-year Average Dividend Yield is 3.13.

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