Is BankUnited (NYSE:BKU) Stock a Sell after Eugene Demark's Insider Trading?

Category: Home Equity Loans Published: Thursday, 25 February 2016 Written by Super User

The stock decreased 0.38% or $0.12 during the last trading session, hitting $31.68. About 595,240 shares traded hands. BankUnited (NYSE:BKU) has declined 11.76% since July 7, 2015 and is downtrending. It has underperformed by 0.76% the S#038;P500.

BankUnited, Inc. is a bank holding company with one wholly owned subsidiary, BankUnited, National Association, collectively, the Company. The company has a market cap of $3.30 billion. BankUnited provides banking services to individual and corporate clients through 100 branches located in approximately 15 Florida counties and around six banking centers in the New York metropolitan area. It has 13.49 P/E ratio. The Company’s lending focus is to serve commercial and middle-market businesses, their executives and clients with financial services and products.

According to Zacks Investment Research, BankUnited, Inc. through its subsidiaries provides various financial products and services to commercial and consumer customers in the United States. Products and services offered by the bank includes checking accounts, money market deposit accounts, savings accounts, and certificates of deposit; and loan portfolio comprises small business loans, residential mortgage loans, commercial and residential real estate loans, equipment loans, term loans, asset-backed loans, letters of credit, commercial lines of credit, and lease financing, as well as consumer loans consisting of home equity loans, auto, boat, and personal installment loans. It also provides wealth management products, such as mutual funds, annuities, life insurance, and individual securities; and succession planning, estate planning, and financial planning services to individuals and business owners. BankUnited, Inc. is headquartered in Miami Lakes, Florida.

Analysts await BankUnited (NYSE:BKU) to reports earnings on April, 28. They expect $0.51 EPS, up 15.91% or $0.07 from last year’s $0.44 per share. BKU’s profit will be $53.13 million for 15.53 P/E if the $0.51 EPS becomes reality. After $0.52 actual EPS reported by BankUnited for the previous quarter, Wall Street now forecasts -1.92% negative EPS growth.

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