BankUnited (BKU) Expected to Announce Quarterly Sales of $224.36 Million

Equities research analysts expect BankUnited (NYSE:BKU) to announce sales of $224.36 million for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for BankUnited’s earnings, with the lowest sales estimate coming in at $222.00 million and the highest estimate coming in at $227.55 million. BankUnited reported sales of $287.24 million during the same quarter last year, which indicates a negative year over year growth rate of 21.9%. The firm is scheduled to report its next quarterly earnings results on Tuesday, July 23rd.

On average, analysts expect that BankUnited will report full year sales of $910.72 million for the current year, with estimates ranging from $905.00 million to $916.83 million. For the next year, analysts forecast that the firm will post sales of $953.71 million, with estimates ranging from $947.00 million to $960.59 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for BankUnited.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, April 24th. The financial services provider reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.64 by $0.01. The firm had revenue of $227.16 million for the quarter, compared to analyst estimates of $219.03 million. BankUnited had a return on equity of 10.30% and a net margin of 19.06%. During the same period in the previous year, the firm earned $0.77 earnings per share.

Several research analysts recently weighed in on BKU shares. Barclays lowered BankUnited from an “overweight” rating to an “underweight” rating and upped their price target for the company from $35.75 to $37.00 in a research report on Friday, April 26th. Zacks Investment Research lowered BankUnited from a “hold” rating to a “sell” rating in a research report on Monday, April 1st. Stephens lowered BankUnited from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, March 6th. ValuEngine lowered BankUnited from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th. Finally, Sandler O’Neill lowered BankUnited from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $38.75.

Hedge funds and other institutional investors have recently modified their holdings of the business. Pearl River Capital LLC purchased a new position in BankUnited in the first quarter valued at about $34,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in BankUnited in the first quarter valued at about $34,000. Toronto Dominion Bank purchased a new position in BankUnited in the fourth quarter valued at about $75,000. Rockefeller Capital Management L.P. grew its stake in BankUnited by 603.6% in the first quarter. Rockefeller Capital Management L.P. now owns 3,870 shares of the financial services provider’s stock valued at $129,000 after purchasing an additional 3,320 shares in the last quarter. Finally, First Interstate Bank grew its stake in BankUnited by 119.8% in the fourth quarter. First Interstate Bank now owns 4,890 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 2,665 shares in the last quarter. Hedge funds and other institutional investors own 96.95% of the company’s stock.

NYSE:BKU traded down $1.39 during trading hours on Monday, hitting $34.11. 672,200 shares of the company’s stock traded hands, compared to its average volume of 819,546. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 1.44 and a beta of 1.11. BankUnited has a twelve month low of $28.05 and a twelve month high of $44.97. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.72.

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Friday, April 12th were paid a $0.21 dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a $0.84 dividend on an annualized basis and a yield of 2.46%. BankUnited’s dividend payout ratio (DPR) is currently 35.59%.

BankUnited Company Profile

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, savings accounts, and certificates of deposit; and treasury management services.

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Earnings History and Estimates for BankUnited (NYSE:BKU)

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