For its second fiscal quarter (ending June 30), BankUnited Inc (NYSE: BKU) has reported a -8% decline in E.P.S. from $0.78 a year ago to $0.72 in the current quarter. However, this performance was $0.08 better than the consensus estimate of $0.64. E.P.S. were $2.26 for the latest four quarters through June 30 versus $3.45 for the same period a year ago — a decline of -34%.
Recent Price Action
BankUnited Inc (NYSE: BKU) stock closed at $36.21 on 7/18/24 after a large increase of 4.5%. Moreover, exceptionally high trading volume at 363% of normal accompanied the advance. The stock has risen 20.1% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, BKU is expected to continue to be a modest Value Builder.
BankUnited has a current Value Trend Rating of A (Highest Rating). This rating combines complementary signals from two proprietary PTR measures of a stock’s attractiveness. BankUnited has a slightly positive Power Rating of 66 and a very high Appreciation Score of 90, leading to the Highest Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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