BankUnited (NYSE:BKU – Get Free Report) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.81 EPS for the quarter, beating the consensus estimate of $0.74 by $0.07, Briefing.com reports. The business had revenue of $515.24 million during the quarter, compared to the consensus estimate of $258.65 million. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. During the same period in the previous year, the business earned $0.63 earnings per share.
BankUnited Trading Down 0.4 %
Shares of BKU traded down $0.14 during trading hours on Wednesday, hitting $34.88. 105,484 shares of the stock were exchanged, compared to its average volume of 810,191. BankUnited has a fifty-two week low of $21.02 and a fifty-two week high of $39.51. The business has a 50-day moving average of $36.48 and a 200-day moving average of $32.32. The firm has a market capitalization of $2.61 billion, a P/E ratio of 15.05 and a beta of 1.33. 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 Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 11th will be given a $0.29 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.33%. BankUnited’s dividend payout ratio (DPR) is currently 50.00%.
Analyst Upgrades and Downgrades
Read Our Latest Report on BankUnited
Insider Buying and Selling at BankUnited
In related news, Director William S. Rubenstein sold 7,864 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $38.57, for a total transaction of $303,314.48. Following the sale, the director now owns 10,282 shares in the company, valued at $396,576.74. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.19% of the company’s stock.
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.
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