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Wells Fargo analysts upgrades an Overweight rating for BankUnited Inc (BKU)

BankUnited Inc’s filing revealed that its Officer of Subsidiary Malcolm Kevin A. unloaded Company’s shares for reported $0.11 million on Mar 05 ’25. In the deal valued at $35.18 per share,3,234 shares were sold. As a result of this transaction, Malcolm Kevin A. now holds 12,250 shares worth roughly $0.38 million.

Then, Malcolm Kevin A. bought 3,234 shares, generating $113,772 in total proceeds.

Before that, Richards Jay D. sold 2,500 shares. BankUnited Inc shares valued at $102,950 were divested by the Officer of Subsidiary at a price of $41.18 per share. As a result of the transaction, Richards Jay D. now holds 34,687 shares, worth roughly $1.09 million.

Wells Fargo upgraded its BankUnited Inc [BKU] rating to an Overweight from a an Equal weight in a research note published on November 13, 2024; the price target was increased to $48 from $38. A number of analysts have revised their coverage, including Hovde Group’s analysts, who remained covering the stock and in mid July has reiterated a ‘”an Outperform”‘ rating for it. Barclays began covering BKU with “an Equal weight” recommendation on March 08, 2024. UBS revised its rating on January 08, 2024. It rated BKU as “a Sell” which previously was an “a Neutral”.

Price Performance Review of BKU

On Monday, BankUnited Inc [NYSE:BKU] saw its stock fall -5.11% to $31.36. Over the last five days, the stock has lost -15.79%. BankUnited Inc shares have fallen nearly -17.84% since the year began. Nevertheless, the stocks have risen 14.12% over the past one year. While a 52-week high of $44.45 was reached on 01/27/25, a 52-week low of $24.34 was recorded on 03/10/25. SMA at 50 days reached $38.76, while 200 days put it at $36.21.

Levels Of Support And Resistance For BKU Stock

The 24-hour chart illustrates a support level at 30.64, which if violated will result in even more drops to 29.92. On the upside, there is a resistance level at 32.42. A further resistance level may holdings at 33.48. The Relative Strength Index (RSI) on the 14-day chart is 16.26, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.98%. Stochastics %K at 5.71% indicates the stock is a buying.

The most recent change occurred on December 01, 2023 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $28 price target.

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