Today BankUnited (BKU) Hits New Lifetime High - TheStreet

Trade-Ideas LLC identified

BankUnited

(

BKU

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified BankUnited as such a stock due to the following factors:

  • BKU has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $32.3 million.
  • BKU has traded 8,977 shares today.
  • BKU is trading at a new lifetime high.

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More details on BKU:

BankUnited, Inc. operates as the bank holding company for BankUnited, National Association that provides a range of banking products services to commercial and middle-market businesses, and individual customers in the United States. The stock currently has a dividend yield of 2.3%. BKU has a PE ratio of 16. Currently there are 6 analysts that rate BankUnited a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for BankUnited has been 789,800 shares per day over the past 30 days. BankUnited has a market cap of $3.8 billion and is part of the financial sector and banking industry. The stock has a beta of 1.01 and a short float of 4.1% with 4.79 days to cover. Shares are up 26.2% year-to-date as of the close of trading on Tuesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates BankUnited as a

hold

. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income and expanding profit margins. However, as a counter to these strengths, we find that the growth in the company's earnings per share has not been good.

Highlights from the ratings report include:

  • The revenue growth came in higher than the industry average of 3.6%. Since the same quarter one year prior, revenues rose by 18.3%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Commercial Banks industry. The net income increased by 91.0% when compared to the same quarter one year prior, rising from $53.57 million to $102.30 million.
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Commercial Banks industry and the overall market on the basis of return on equity, BANKUNITED INC has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period. Although other factors naturally played a role, the company's strong earnings growth was key. We feel that the combination of its price rise over the last year and its current price-to-earnings ratio relative to its industry tend to reduce its upside potential.
  • BANKUNITED INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has reported somewhat volatile earnings recently. We feel it is likely to report a decline in earnings in the coming year. During the past fiscal year, BANKUNITED INC reported lower earnings of $1.95 versus $2.01 in the prior year. For the next year, the market is expecting a contraction of 4.6% in earnings ($1.86 versus $1.95).

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