BKU Stock Summary and Trading Ideas (Bankunited | NYSE:BKU)

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. The company 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. The Bank offers a comprehensive suite of commercial lending and deposit products through an Atlanta office focused on the Southeast region, certain commercial lending and deposit products through national platforms and certain consumer deposit products through an online channel.

Bankunited trades on the NYSE stock market under the symbol BKU.

As of April 18, 2024, BKU stock price climbed to $25.87 with 1,136,277 million shares trading.

BKU has a beta of 2.41, meaning it tends to be more sensitive to market movements. BKU has a correlation of 0.27 to the broad based SPY ETF.

BKU has a market cap of $1.93 billion. This is considered a Small Cap stock.

Last quarter Bankunited reported $242 million in Revenue and $.64 earnings per share. This beat revenue expectation by $2 million and exceeded earnings estimates by $.05.

In the last 3 years, BKU stock traded as high as $49.55 and as low as $15.83.

The top ETF exchange traded funds that BKU belongs to (by Net Assets): IJR, VTI, VB, IWM, VBR.

BKU has outperformed the market in the last year with a price return of +28.0% while the SPY ETF gained +22.3%. However, in the short term, BKU had mixed performance relative to the market. It has underperformed in the last 3 months, returning -9.5% vs +6.1% return in SPY. But in the last 2 weeks, BKU shares have fared better than the market returning -3.1% compared to SPY -3.8%.

BKU support price is $24.57 and resistance is $25.81 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that BKU stock will trade within this expected range on the day.