$0.86 EPS Expected for BankUnited (BKU) This Quarter

Equities research analysts expect BankUnited (NYSE:BKU) to report earnings per share of $0.86 for the current quarter, Zacks reports. Three analysts have made estimates for BankUnited’s earnings. The highest EPS estimate is $0.89 and the lowest is $0.83. BankUnited reported earnings of $0.62 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 38.7%. The business is scheduled to report its next quarterly earnings results before the market opens on Wednesday, October 24th.

According to Zacks, analysts expect that BankUnited will report full-year earnings of $3.33 per share for the current fiscal year, with EPS estimates ranging from $3.25 to $3.40. For the next year, analysts anticipate that the firm will post earnings of $3.23 per share, with EPS estimates ranging from $3.03 to $3.38. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for BankUnited.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.78 by $0.04. The firm had revenue of $287.24 million for the quarter, compared to analysts’ expectations of $285.63 million. BankUnited had a return on equity of 11.47% and a net margin of 45.30%. During the same quarter in the previous year, the firm posted $0.60 EPS.

Several equities analysts recently issued reports on BKU shares. Sandler O’Neill set a $47.00 price target on BankUnited and gave the company a “buy” rating in a research report on Wednesday, July 25th. Morgan Stanley dropped their price target on BankUnited from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 31st. ValuEngine cut BankUnited from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Finally, Barclays dropped their target price on BankUnited from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $43.30.

Shares of BKU stock opened at $35.45 on Tuesday. The stock has a market capitalization of $3.73 billion, a P/E ratio of 13.38, a P/E/G ratio of 1.20 and a beta of 0.95. BankUnited has a 52-week low of $32.34 and a 52-week high of $44.97. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.98 and a current ratio of 0.98.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Tuesday, October 16th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.37%. The ex-dividend date is Monday, October 15th. BankUnited’s payout ratio is 31.70%.

In other BankUnited news, COO Thomas M. Cornish sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $40.02, for a total transaction of $400,200.00. Following the transaction, the chief operating officer now owns 90,249 shares in the company, valued at approximately $3,611,764.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKU. Northern Trust Corp increased its position in BankUnited by 1.5% during the 1st quarter. Northern Trust Corp now owns 493,357 shares of the financial services provider’s stock worth $19,724,000 after purchasing an additional 7,195 shares during the period. BlackRock Inc. boosted its stake in shares of BankUnited by 1.4% during the 1st quarter. BlackRock Inc. now owns 4,703,414 shares of the financial services provider’s stock worth $188,042,000 after acquiring an additional 63,224 shares in the last quarter. Federated Investors Inc. PA boosted its stake in shares of BankUnited by 82,152.6% during the 1st quarter. Federated Investors Inc. PA now owns 31,256 shares of the financial services provider’s stock worth $1,250,000 after acquiring an additional 31,218 shares in the last quarter. New York State Common Retirement Fund boosted its stake in shares of BankUnited by 3.5% during the 1st quarter. New York State Common Retirement Fund now owns 301,021 shares of the financial services provider’s stock worth $12,035,000 after acquiring an additional 10,172 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of BankUnited by 23.7% during the 1st quarter. Hsbc Holdings PLC now owns 36,895 shares of the financial services provider’s stock worth $1,476,000 after acquiring an additional 7,064 shares in the last quarter. Institutional investors own 94.71% of the company’s stock.

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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