BankUnited, Inc. (NYSE:BKU) Scheduled to Post Quarterly Earnings on Wednesday
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%.
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.
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