BankUnited, Inc. (NYSE:BKU) is scheduled to be announcing its earnings results before the market opens on Wednesday, July 26th. Analysts expect the company to announce earnings of $0.56 per share for the quarter.

BankUnited (NYSE:BKU) last released its earnings results on Tuesday, April 25th. The financial services provider reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.56 by $0.01. BankUnited had a net margin of 19.38% and a return on equity of 9.66%. The business had revenue of $258.74 million for the quarter, compared to the consensus estimate of $260.46 million. During the same period in the previous year, the firm earned $0.51 EPS. On average, analysts expect BankUnited to post $2.34 EPS for the current fiscal year and $2.67 EPS for the next fiscal year.

Shares of BankUnited, Inc. (NYSE:BKU) opened at 32.92 on Wednesday. BankUnited, Inc. has a 12-month low of $28.13 and a 12-month high of $41.00. The company has a 50 day moving average of $33.72 and a 200-day moving average of $36.44. The company has a market capitalization of $3.52 billion, a P/E ratio of 15.28 and a beta of 1.07.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, July 14th will be given a dividend of $0.21 per share. The ex-dividend date is Wednesday, July 12th. This represents a $0.84 dividend on an annualized basis and a yield of 2.55%. BankUnited’s payout ratio is presently 39.07%.

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In related news, Chairman John Adam Kanas sold 102,915 shares of the stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $33.92, for a total value of $3,490,876.80. Following the sale, the chairman now directly owns 1,145,155 shares in the company, valued at approximately $38,843,657.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 502,915 shares of company stock worth $16,804,877 over the last quarter. 5.10% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on BKU shares. Deutsche Bank AG cut their target price on shares of BankUnited to $43.00 in a research report on Friday, March 24th. Keefe, Bruyette & Woods set a $41.00 target price on shares of BankUnited and gave the company a “hold” rating in a research report on Monday, April 3rd. Morgan Stanley restated an “overweight” rating and set a $39.00 target price (down from $40.00) on shares of BankUnited in a research report on Thursday, July 6th. J P Morgan Chase & Co downgraded shares of BankUnited from an “overweight” rating to a “neutral” rating and cut their target price for the company from $42.00 to $39.00 in a research report on Wednesday, April 26th. Finally, Barclays PLC set a $42.00 target price on shares of BankUnited and gave the company a “buy” rating in a research report on Sunday, April 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. BankUnited has an average rating of “Buy” and a consensus price target of $39.87.

BankUnited Company Profile

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

Earnings History for BankUnited (NYSE:BKU)

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