Shares of BankUnited Inc. (NYSE:BKU) traded at a new 52-week high today of $43.52. This new high was reached on below average trading volume as 95,000 shares traded hands, while the average 30-day volume is approximately 501,000 shares.
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.
BankUnited Inc. (NYSE:BKU) is currently priced 3.0% above its average consensus analyst price target of $42.02.
BankUnited Inc. share prices have moved between a 52-week high of $43.52 and a 52-week low of $13.47 and are now trading 222% above that low price at $43.31 per share.
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