Is BankUnited, Inc. overvalued or undervalued?

As of 15 January 2025, the valuation grade for BankUnited, Inc. has moved from expensive to fair. The company is currently fairly valued. Key ratios include a P/E ratio of 11, a Price to Book Value of 0.89, and a PEG ratio of 0.78, indicating that the stock may be undervalued relative to its growth prospects.
In comparison to peers, BankUnited, Inc. has a lower P/E ratio than Atlantic Union Bankshares Corp., which stands at 17.81, and is on par with Independent Bank Corp. (Massachusetts) at 13.66. The company's dividend yield of 84.36% also stands out, suggesting strong returns to shareholders. Notably, while BankUnited's one-year stock return is 23.08%, outperforming the S&P 500's 10.26%, its year-to-date performance shows a decline of 9.61%, which may warrant further scrutiny in the context of its valuation.