Shares of BankUnited Inc. (NYSE:BKU) traded today at $46.64, eclipsing its 52-week high. So far today approximately 304,000 shares have been exchanged, as compared to an average 30-day volume of 531,000 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 5.2% above its average consensus analyst price target of $43.88.
In the past 52 weeks, shares of BankUnited Inc. have traded between a low of $13.47 and a high of $46.64 and is now at $46.27, which is 243% above that low price.
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