BankUnited (BKU) Projected to Post Earnings on Wednesday

BankUnited (NYSE:BKU) is expected to release its earnings data before the market opens on Wednesday, January 22nd. Analysts expect BankUnited to post earnings of $0.69 per share and revenue of $261,075.55 billion for the quarter.

BankUnited (NYSE:BKU) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The business had revenue of $515.24 million for the quarter, compared to the consensus estimate of $258.65 million. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. During the same period in the previous year, the firm earned $0.63 EPS. On average, analysts expect BankUnited to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

BankUnited Price Performance

NYSE:BKU traded up $1.08 during trading hours on Wednesday, reaching $39.73. 1,105,655 shares of the company’s stock were exchanged, compared to its average volume of 829,939. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The company has a market capitalization of $2.97 billion, a P/E ratio of 16.28 and a beta of 1.38. BankUnited has a 12 month low of $24.34 and a 12 month high of $44.45. The business’s 50-day simple moving average is $39.97 and its two-hundred day simple moving average is $37.08.

BankUnited Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend yield of 2.92%. BankUnited’s dividend payout ratio (DPR) is presently 47.54%.

Insider Activity

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Jay D. Richards sold 2,500 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total transaction of $102,950.00. Following the transaction, the insider now owns 34,687 shares in the company, valued at $1,428,410.66. This represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. Compass Point upped their target price on BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Wedbush raised their target price on shares of BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, September 24th. The Goldman Sachs Group lifted their target price on shares of BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a research report on Tuesday, November 26th. Keefe, Bruyette & Woods raised their price objective on shares of BankUnited from $38.00 to $45.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 4th. Finally, Wells Fargo & Company raised shares of BankUnited from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $38.00 to $48.00 in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $42.60.

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.