BankUnited (NYSE:BKU) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: November 29, 2016
Zacks Investment Research has upgraded BankUnited (NYSE:BKU) to Hold in a statement released on Tuesday November 29, 2016.
Boasting a price of $35.18, BankUnited (NYSE:BKU) traded 1.21% higher on the day. With the last stock price close up 12.86% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. BankUnited has recorded a 50-day average of $31.17 and a two hundred day average of $31.17. Volume of trade was down over the average, with 363,216 shares of BKU changing hands under the typical 1,032,400
With a total market value of $0, BankUnited has price-earnings ratio of 17.37 with a one year low of $27.85 and a one year high of $38.16 .
A total of 12 equity analysts have released a ratings update on BKU. Two equity analysts rating the company a strong buy, six equity analysts rating the company a buy, four equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $37.75.
Brief Synopsis About BankUnited (NYSE:BKU)
BankUnited, Inc. is the bank holding company of BankUnited, National Association (the Bank). The Bank provides a range of banking services to individual and corporate customers through approximately 100 branches. The Company offers a range of lending products, including 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 and consumer loans. The Company's loan portfolio includes approximately $15.8 billion in loans originated or purchased, or new loans, including approximately $12.8 billion in commercial and commercial real estate loans, approximately $2.9 billion in residential loans and over $35 million in consumer loans. The Company offers deposit products, including checking accounts, money market deposit accounts, savings accounts and certificates of deposit with various terms and rates. Its total deposits are approximately $16.9 billion.
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