BankUnited (NYSE:BKU) Issues Earnings Results

BankUnited (NYSE:BKU) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.72 by $0.19, Zacks reports. BankUnited had a return on equity of 8.48% and a net margin of 11.48%. During the same quarter last year, the company earned $0.26 earnings per share.

BankUnited Trading Up 0.8 %

Shares of BKU stock opened at $39.90 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.88 and a debt-to-equity ratio of 1.04. BankUnited has a 12-month low of $24.34 and a 12-month high of $44.45. The stock has a market capitalization of $2.98 billion, a P/E ratio of 12.95 and a beta of 1.38. The firm’s 50 day moving average is $39.95 and its 200 day moving average is $37.49.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 10th will be given a dividend of $0.29 per share. The ex-dividend date is Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a yield of 2.91%. BankUnited’s dividend payout ratio (DPR) is 37.66%.

Insider Buying and Selling at BankUnited

In related news, COO Thomas M. Cornish sold 10,778 shares of BankUnited stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.11, for a total value of $421,527.58. Following the completion of the sale, the chief operating officer now owns 100,000 shares of the company’s stock, valued at $3,911,000. The trade was a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jay D. Richards sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total value of $102,950.00. Following the sale, the insider now owns 34,687 shares of the company’s stock, valued at approximately $1,428,410.66. This trade represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.19% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on BKU. Compass Point raised their price objective on BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. The Goldman Sachs Group raised their price target on BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, November 26th. Barclays dropped their price target on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Friday, December 20th. Royal Bank of Canada raised their price objective on shares of BankUnited from $42.00 to $43.00 and gave the company a “sector perform” rating in a research note on Thursday. Finally, Wells Fargo & Company upped their target price on shares of BankUnited from $48.00 to $50.00 and gave the stock an “overweight” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $43.40.

BankUnited Company Profile

BankUnited, Inc operates as the 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 checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.