BankUnited Inc (BKU) stock expected to rise by 5.13%: What’s driving the optimism?

A share price of BankUnited Inc [BKU] is currently trading at $36.86, up 1.80%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The BKU shares have gain 16.53% over the last week, with a monthly amount glided 32.54%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

BankUnited Inc [NYSE: BKU] stock has seen the most recent analyst activity on July 19, 2024, when Hovde Group reiterated its Outperform rating and also boosted its price target to $41 from $33. Previously, Barclays started tracking the stock with Equal Weight rating on March 08, 2024, and set its price target to $29. On January 08, 2024, downgrade downgraded it’s rating to Sell. Citigroup started tracking the stock assigning a Neutral rating and suggested a price target of $28 on December 01, 2023. Piper Sandler upgraded its rating to a Neutral. Hovde Group upgraded its rating to Outperform for this stock on March 27, 2023. In a note dated March 15, 2023, UBS initiated an Neutral rating and provided a target price of $25 on this stock.

BankUnited Inc experienced fluctuations in its stock price throughout the past year between $20.84 and $37.55. Currently, Wall Street analysts expect the stock to reach $38.75 within the next 12 months. BankUnited Inc [NYSE: BKU] shares were valued at $36.86 at the most recent close of the market. An investor can expect a potential return of 5.13% based on the average BKU price forecast.

Analyzing the BKU fundamentals

Trailing Twelve Months sales for BankUnited Inc [NYSE:BKU] were 2.01B which represents 3.83% growth. Gross Profit Margin for this corporation currently stands at 0.88% with Operating Profit Margin at 0.11%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.08 and Total Capital is 0.01. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.48.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 36.16 points at the first support level, and at 35.45 for the second support level. However, for the 1st resistance point, the stock is sitting at 37.45, and for the 2nd resistance point, it is at 38.03.

Ratios To Look Out For

To put it in perspective, the Current Ratio for BankUnited Inc [NYSE:BKU] is 0.04. Considering the valuation of this stock, the price to sales ratio is 1.37, the price to book ratio is 1.02 and price to earnings (TTM) ratio is 16.39.

Transactions by insiders

Recent insider trading involved DiGiacomo John N., Director, that happened on May 21 ’24 when 1500.0 shares were sold. Officer of Subsidiary, Malcolm Kevin A. completed a deal on Mar 05 ’24 to sell 2285.0 shares.

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