BankUnited (BKU) Set to Announce Earnings on Tuesday

BankUnited (NYSE:BKU) will release its earnings data before the market opens on Tuesday, October 22nd. Analysts expect BankUnited to post earnings of $0.73 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Thursday, July 18th. The financial services provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.65 by $0.07. The firm had revenue of $250.20 million for the quarter, compared to analysts’ expectations of $243.65 million. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.78 EPS. On average, analysts expect BankUnited to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

BankUnited Stock Performance

Shares of BKU stock opened at $37.06 on Monday. BankUnited has a one year low of $21.02 and a one year high of $39.51. The stock has a market cap of $2.77 billion, a P/E ratio of 15.97 and a beta of 1.33. The company has a fifty day moving average price of $36.47 and a two-hundred day moving average price of $32.17. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.87.

BankUnited Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 11th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.13%. The ex-dividend date is Friday, October 11th. BankUnited’s payout ratio is 50.00%.

Insider Transactions at BankUnited

In related news, Director William S. Rubenstein sold 7,864 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total value of $303,314.48. Following the completion of the transaction, the director now owns 10,282 shares in the company, valued at $396,576.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.19% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wedbush lifted their target price on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. Hovde Group raised their price target on BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Wells Fargo & Company upped their price objective on shares of BankUnited from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. JPMorgan Chase & Co. boosted their target price on shares of BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Barclays increased their price target on shares of BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, BankUnited currently has an average rating of “Hold” and an average price target of $35.80.

About BankUnited

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.