Hovde Group has recently reiterated BankUnited Inc (BKU) stock to Outperform rating, as announced on July 19, 2024, according to Finviz. Earlier, on March 8, 2024, Barclays had initiated the stock to Equal Weight, setting a price target of $29. UBS also reduced Sell rating. Additionally, Citigroup initiated Neutral rating on December 1, 2023, with a target price of $28. Piper Sandler analysts, in their report published on April 26, 2023, also raised Neutral rating for BankUnited Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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BankUnited Inc (BKU) Stock Trading Recap
On Friday, BankUnited Inc (BKU) stock saw a decline, ending the day at $35.56 which represents a decrease of $-0.14 or -0.39% from the prior close of $35.7. The stock opened at $36.24 and touched a low of $35.36 during the day, reaching a high of $36.24. The volume of shares traded was 0.53 million falling short of the average volume of 0.79 million.
BKU Stock Performance and Moving Averages
In recent trading, BankUnited Inc (BKU) stock price has shown some volatility, fluctuating -3.03% over the last five trades and -7.01% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 27.00%, and it has gained 21.49% in the previous three months. Currently, BKU is trading at -2.60%, -2.84%, and 16.46% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, BKU, a Financial sector stock, is trading -10.00% below its 52-week high but remains 70.63% above its 52-week low. The Average True Range (ATR) (14 days) of 1.13 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
BankUnited Inc’s Profitability and Valuation Ratios
BankUnited Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 11.27% and a profit margin of 10.17%, with a gross margin of 27.00%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, BankUnited Inc’s market capitalization stands at $2.66 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 15.81, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 10.79. Additionally, the Price-to-Sales Ratio is 1.32, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 0.98, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 0.98% of BankUnited Inc (BKU)’s shares, while financial institutions hold 101.92%.
Notable insider trades include Rubenstein William S., Director at BankUnited Inc (BKU), who sold 7864 shares on Jul 31 ’24, at $38.57 each, totaling $0.30 million. On Jul 22 ’24, Richards Jay D., Officer of Subsidiary, sold 10143 shares for $36.61 each, amounting to $0.37 million. Additionally, on Jul 22 ’24, PAULS DOUGLAS J sold 3500 shares at $36.5 each, generating $0.13 million.
