Benzinga | Sep 23, 2020 10:52AM EDT

Why BankUnited's Stock Is Trading Higher Today

BankUnited (NYSE:BKU) shares are trading higher on Wednesday after Compass Point upgraded the stock from Neutral to Buy and announced a $22 price target.

BankUnited is a bank holding company with one wholly-owned subsidiary, BankUnited. The bank provides a full range of banking services through banking centers located primarily throughout Florida, as well as New York City. BankUnited is a commercially focused regional bank focusing on small and middle-market businesses, but also provides certain commercial lending and deposit products on a national platform.

BankUnited shares were trading up 4.60% at $22.06 at the time of publication. The stock has a 52-week high of $37.60 and a 52-week low of $13.47.