BankUnited Inc. (BKU): A Technical View


As of Friday close, BankUnited Inc.’s (NYSE:BKU) stock was down -$1.83, moving down -7.92 percent to $21.27. The average number of shares traded per day over the past five days has been 3,636,880 shares. 2 times new highs have been achieved over the past 5 days, with a -$8.01 fall in that time frame. In the last twenty days, the average volume was 1,500,990, while in the previous 50 days, it was 1,012,638.

Since last month, BKU stock retreated -45.05%. Shares of the company fell to $20.54 on 03/17/23, the lowest level in the past month. A 52-week high of $45.86 was reached on 02/03/23 after having rallying from a 52-week low of $21.73. Since the beginning of this year, BKU’s stock price has dropped by -37.39% or -$12.70, and marked a new high 12 times. However, the stock has declined by -53.62% since its 52-week high.

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BKU stock investors should be aware that BankUnited Inc. (BKU) stock had its last reported insider trading activity 12 days ago on Mar 06. Malcolm Kevin A., the Officer of Subsidiary of the company, disposed of 1,406 shares for $35.21 on Mar 06. It resulted in a $49,505 divestment by the insider. Prudenti A. Gail sold 4,500 shares at an average price of $37.26 on Nov 10. The insider now owns 9,729 shares following the transaction. On Jun 06, Officer of Subsidiary Richards Jay D. sold 7,415 shares at $41.40 apiece. The transaction was valued at $306,981.

Valuation Metrics

Right now, BankUnited Inc. (BKU) has a P/E ratio of about 5.89. The stock’s beta is 1.23. Besides these, the trailing price-to-sales (P/S) ratio of 1.34, the price-to-book (PB) ratio of 0.66.

The latest dividend of $0.27 per share was paid out, which is 8.0% more than last year’s $0.25.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.30, and the total debt-to-equity ratio was 0.30. In the year ended December 30, operating margins totaled 68.10%. Based on annual data, BKU earned $912.96 million in gross profit and brought in $1.23 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 23.70%. Return on equity (ROE) for the past 12 months was 10.90%.

In BankUnited Inc.’s quarter-end financial report for December 30, it reported total debt of $720.92 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. While analysts expected BankUnited Inc. to report $1.08 quarterly earnings, the actual figure was $0.82 per share, beating the consensus estimate by -24.10%. The value of shareholders’ equity is $74.74 million.

Technical Picture

This quick technical analysis looks at BankUnited Inc.’s (BKU) price momentum. With a historical volatility rate of 53.11%, the RSI 9-day stood at 4.49% on 17 March.

With respect to its five-day moving average, the current BankUnited Inc. price is down by -27.36% percent or -$8.01. At present, BKU shares trade -43.73% below its 20-day simple moving average and -38.01% percent below its 100-day simple moving average. However, the stock is currently trading approximately -36.92% below its SMA50 and -48.94% below its SMA200.

Stochastic coefficient K was 6.95% and Stochastic coefficient D was 7.96%, while ATR was 1.95. Given the Stochastic reading of 4.82% for the 14-day period, the RSI (14) reading has been calculated as 9.72%. As of today, the MACD Oscillator reading stands at -4.50, while the 14-day reading stands at -7.40.

Analyst Ratings

UBS launched its rating on BankUnited Inc. (NYSE: BKU) to a Neutral in a note to investors on March 15, 2023. BankUnited Inc. (BKU) has been rated Hold by analysts. According to 3 brokerage firms, BKU is a sell, and 7 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate BankUnited Inc. stock as buy, with 1 recommending it as overweight.

With a median target price of $36.00, the current consensus forecast for the stock is $25.00 – $41.00. Based on these forecasts, analysts predict BankUnited Inc. (BKU) will achieve an average price target of $35.59.


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