Equities analysts expect that BankUnited (NYSE:BKU) will post earnings per share of $0.67 for the current quarter, according to Zacks. Three analysts have made estimates for BankUnited’s earnings. The highest EPS estimate is $0.80 and the lowest is $0.62. BankUnited reported earnings per share of $0.77 during the same quarter last year, which would indicate a negative year over year growth rate of 13%. The business is expected to announce its next quarterly earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that BankUnited will report full year earnings of $2.83 per share for the current financial year, with EPS estimates ranging from $2.66 to $3.30. For the next financial year, analysts expect that the firm will post earnings of $3.16 per share, with EPS estimates ranging from $2.90 to $3.67. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow BankUnited.
Get BankUnited alerts:BankUnited (NYSE:BKU) last issued its quarterly earnings data on Wednesday, January 23rd. The financial services provider reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The firm had revenue of $328.38 million for the quarter, compared to the consensus estimate of $314.33 million. BankUnited had a return on equity of 10.71% and a net margin of 20.31%. The company’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.62 EPS.
A number of brokerages recently weighed in on BKU. ValuEngine upgraded BankUnited from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. Bank of America lowered BankUnited from a “buy” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a research report on Thursday, January 10th. Zacks Investment Research lowered BankUnited from a “hold” rating to a “sell” rating in a research report on Wednesday, January 2nd. TheStreet lowered BankUnited from a “b-” rating to a “c+” rating in a research report on Friday, December 21st. Finally, Morgan Stanley reduced their price objective on BankUnited from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $41.00.
BKU stock traded up $0.73 during midday trading on Friday, reaching $34.54. 1,106,078 shares of the stock were exchanged, compared to its average volume of 899,208. The firm has a market capitalization of $3.48 billion, a P/E ratio of 14.64, a P/E/G ratio of 1.35 and a beta of 1.10. BankUnited has a 52 week low of $28.05 and a 52 week high of $44.97. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.61.
The business also recently announced a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Monday, January 14th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Friday, January 11th. BankUnited’s payout ratio is presently 35.59%.
Institutional investors and hedge funds have recently made changes to their positions in the business. First Interstate Bank lifted its holdings in BankUnited by 119.8% during the 4th quarter. First Interstate Bank now owns 4,890 shares of the financial services provider’s stock worth $146,000 after buying an additional 2,665 shares during the period. Cerebellum GP LLC lifted its holdings in BankUnited by 22.1% during the 4th quarter. Cerebellum GP LLC now owns 6,036 shares of the financial services provider’s stock worth $181,000 after buying an additional 1,091 shares during the period. Algert Global LLC acquired a new position in shares of BankUnited in the 4th quarter valued at about $201,000. Franklin Resources Inc. acquired a new position in shares of BankUnited in the 3rd quarter valued at about $206,000. Finally, Signition LP acquired a new position in shares of BankUnited in the 3rd quarter valued at about $207,000. 96.38% of the stock is currently owned by hedge funds and other institutional investors.
About BankUnited
BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts, as well as certificates of deposit; and treasury management services.
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