BankUnited, Inc. (NYSE: BKU) expected EPS of $ 0.85 this quarter
Stock analysts expect BankUnited, Inc. (NYSE: BKU) to report earnings per share of $ 0.85 for the current fiscal quarter, according to Zacks investment research. Five analysts have released earnings estimates for BankUnited, with estimates ranging from $ 0.72 to $ 0.96. BankUnited reported earnings per share of $ 0.80 in the same quarter last year, suggesting a positive year-over-year growth rate of 6.2%. The company is expected to release its next quarterly results on Wednesday August 4.
On average, analysts expect BankUnited to report annual profit of $ 3.54 per share for the current fiscal year, with EPS estimates ranging from $ 2.95 to $ 3.98. For next year, analysts expect the company to post earnings of $ 3.54 per share, with EPS estimates ranging from $ 3.14 to $ 3.73. Zacks Investment Research’s earnings per share calculations are an average based on a survey of seller-side research companies that provide coverage for BankUnited.
BankUnited (NYSE: BKU) last released its quarterly results on Wednesday, April 21. The financial services provider reported earnings per share of $ 1.06 for the quarter, beating analyst consensus estimates of $ 0.74 by $ 0.32. The company posted revenue of $ 226.54 million for the quarter, compared to analysts’ expectations of $ 228.00 million. BankUnited posted a return on equity of 7.25% and a net margin of 15.98%. In the same quarter of the previous fiscal year, the company achieved EPS ($ 0.33).
Several research analysts recently published reports on BKU shares. Compass Point raised its price target for BankUnited shares from $ 48.00 to $ 54.00 and gave the stock a “buy” rating in a report on Tuesday. Janney Montgomery Scott demoted BankUnited from a “buy” rating to a “neutral” rating in a research report on Wednesday, March 3. DA Davidson reworded a “neutral” rating and set a price target of $ 38.00 on BankUnited shares in a report on Thursday, February 25. Zacks investment research raised BankUnited shares from a “hold” rating to a “strong buy” rating and set a price target of $ 53.00 for the company in a research report on Monday, May 3. Finally, Hovde Group upgraded BankUnited from a “market performance” rating to an “outperformance” rating and increased its price target for the company from $ 42.00 to $ 51.00 in a research report on Monday March 8. Six analysts rated the stock with a maintenance rating, seven issued a buy rating and one gave the company a strong buy rating. The company currently has a consensus rating of “Buy” and a consensus target price of $ 40.75.
In other BankUnited news, insider Jay D. Richards sold 1,627 BankUnited shares in a trade on Friday, April 30. The stock was sold at an average price of $ 46.82, for a total value of $ 76,176.14. As a result of the sale, the insider now owns 28,994 shares of the company, valued at $ 1,357,499.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available through the SEC website. In addition, director Sanjiv Sobti sold 3,000 shares of the stock in a transaction dated Monday, March 15. The stock was sold at an average price of $ 49.41, for a total trade of $ 148,230.00. As a result of the transaction, the Director now directly owns 9,049 shares of the company, valued at approximately $ 447,111.09. Disclosure of this sale can be found here. In the past 90 days, insiders have sold 13,166 shares of the company valued at $ 624,502. Company insiders own 1.60% of the company’s shares.
Large investors have recently increased or reduced their stakes in the company. Eaton Vance Management purchased a new stake in BankUnited shares in the first quarter valued at approximately $ 25,000. Harvest Fund Management Co. Ltd. purchased a new equity stake in BankUnited during the first quarter valued at approximately $ 27,000. Marshall Wace North America LP purchased a new stake in BankUnited during the first quarter valued at approximately $ 47,000. USA Financial Portformulas Corp purchased a new stake in BankUnited shares during the first quarter valued at approximately $ 68,000. Finally, Alpha Paradigm Partners LLC acquired a new position in BankUnited in the 4th quarter valued at $ 85,000. 97.34% of the shares are currently held by institutional investors and hedge funds.
Actions of BankUnited Stock traded as high as $ 0.68 during the midday Friday session, reaching $ 47.27. 4,340 shares of the company traded hands, for an average volume of 574,452. The company’s fifty-day moving average price is $ 45.66 and its 200-day moving average price is 38.91 $. The stock has a market cap of $ 4.41 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 4.98 and a beta of 1.40. BankUnited has a 12 month low of $ 15.43 and a 12 month high of $ 50.71. The company has a debt to equity ratio of 1.44, a quick ratio of 0.87, and a current ratio of 0.87.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 30. Shareholders of record on Thursday April 15 received a dividend of $ 0.23 per share. This represents a dividend of $ 0.92 on an annualized basis and a dividend yield of 1.95%. The ex-dividend date was Wednesday April 14. BankUnited’s dividend payout ratio (DPR) is currently 29.39%.
BankUnited, Inc operates as a bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checks, money market deposits and savings accounts; certificates of deposit; and treasury and cash management services.
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