The upward trend could come to support BankUnited in the coming sessions.
The fundamentals support the stock with a gradual upward revision of earnings per share by analysts.
BankUnited is in an uptrend in the medium and long term, but the last bearish movement returns close the USD 25.2 support level, corresponding to the 20-week moving average. This threshold, if preserved, will enable to enjoy the bullish movement.
The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy BankUnited. The objectives will be set at USD 26.7 and by extension USD 28.6. The stop loss will be triggered below the USD 25.2 support.
BankUnited, Inc. is a bank holding company of BankUnited (the Bank). The Bank provides a full range of commercial lending and both commercial and consumer deposit services through banking centers located in Florida, the New York metropolitan area and Dallas, Texas, and a comprehensive suite of wholesale products to customers through an Atlanta office focused on the Southeast region. The Bankâs lending and leasing products include commercial loans, commercial real estate loans, residential mortgages and other consumer loans. It offers traditional deposit products, including commercial and consumer checking accounts, money market deposit accounts, savings accounts and certificates of deposit with a variety of terms and rates, as well as a robust suite of treasury, commercial payments and cash management services. The Bank provides certain commercial lending and deposit products through national platforms and certain consumer deposit products through an online channel.