BankUnited Inc. (NYSE:BKU) traded today at a new 52-week high of $42.13. So far today approximately 155,000 shares have been exchanged, as compared to an average 30-day volume of 485,000 shares.
BankUnited Inc. (NYSE:BKU) is currently priced 3.9% above its average consensus analyst price target of $39.55.
BankUnited Inc is a bank holding company with one wholly owned subsidiary, BankUnited. The bank provides a full range of banking services through banking centers located primarily throughout Florida, as well as New York City. BankUnited is a commercially focused regional bank focusing on small and middle-market businesses, but also provides certain commercial lending and deposit products on a national platform. It has historically grown through organic growth. BankUnited was established by a group of investors who acquired the assets and most of the liabilities of its predecessor from the Federal Deposit Insurance Corporation. The group recapitalized BankUnited with an investment of over $900 million. Most of its revenue comprises net interest income derived mostly from loans.
In the past 52 weeks, BankUnited Inc. share prices are bracketed by a low of $13.47 and a high of $42.13 and is now at $41.14, 205% above that low price.
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