BankUnited Inc. (BKU) Announces Quarterly Dividend of $0.21
BankUnited (NYSE:BKU) declared a quarterly dividend on Tuesday, September 10th, AnalystRatingsNetwork.com reports. Investors of record on Tuesday, October 1st will be given a dividend of $0.21 per share on Tuesday, October 15th. This represents a $0.84 dividend on an annualized basis and a yield of 2.77%.
Several analysts have recently commented on the stock. Analysts at Guggenheim initiated coverage on shares of BankUnited (NYSE:BKU) in a research note to investors on Wednesday, September 4th. They set a “buy” rating on the stock. On a related note, analysts at Credit Suisse raised their price target on shares of BankUnited (NYSE:BKU) from $28.00 to $30.00 in a research note to investors on Friday, July 26th. They now have a “neutral” rating on the stock. Finally, analysts at Keefe, Bruyette & Woods upgraded shares of BankUnited (NYSE:BKU) from a “market perform” rating to an “outperform” rating in a research note to investors on Friday, July 26th. They now have a $34.00 price target on the stock.
Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $30.58.
Shares of BankUnited (NYSE:BKU) opened at 30.35 on Wednesday. BankUnited has a 52 week low of $22.01 and a 52 week high of $31.47. The stock’s 50-day moving average is $30.29 and its 200-day moving average is $26.97. The company has a market cap of $3.056 billion and a P/E ratio of 14.63.
BankUnited (NYSE:BKU) last released its earnings data on Wednesday, July 24th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.09. The company had revenue of $164.05 million for the quarter, compared to the consensus estimate of $172.11 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. The company’s quarterly revenue was up 12.5% on a year-over-year basis. On average, analysts predict that BankUnited will post $1.89 earnings per share for the current fiscal year.
BankUnited, Inc (NYSE:BKU) is a bank holding company with three wholly owned subsidiaries: BankUnited, National Association (the Bank) Herald National Bank (Herald), and BankUnited Investment Services, Inc (BUIS), collectively, the Company.
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