BankUnited, Inc. (NYSE:BKU) released its earnings results on Wednesday. The financial services provider reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.04, MarketWatch Earnings reports. BankUnited had a net margin of 19.38% and a return on equity of 9.66%. During the same quarter last year, the company posted $0.52 EPS.

BankUnited (NYSE BKU) traded up 2.10% during mid-day trading on Wednesday, reaching $34.46. 372,879 shares of the company’s stock were exchanged. BankUnited has a one year low of $28.13 and a one year high of $41.00. The firm has a market capitalization of $3.68 billion, a P/E ratio of 15.99 and a beta of 1.07. The company’s 50-day moving average is $33.56 and its 200 day moving average is $35.92.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Friday, July 14th will be paid 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 2.49%. BankUnited’s dividend payout ratio is currently 39.07%.

BKU has been the subject of several analyst reports. Keefe, Bruyette & Woods set a $41.00 price target on shares of BankUnited and gave the company a “hold” rating in a research report on Monday, April 3rd. Barclays PLC set a $42.00 price target on shares of BankUnited and gave the company a “buy” rating in a research report on Sunday, April 9th. J P Morgan Chase & Co cut shares of BankUnited from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $42.00 to $39.00 in a research report on Wednesday, April 26th. Deutsche Bank AG reissued a “buy” rating and set a $42.00 price target (down previously from $43.00) on shares of BankUnited in a research report on Saturday, April 29th. Finally, BidaskClub raised shares of BankUnited from a “strong sell” rating to a “sell” rating in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $41.17.

In other BankUnited news, Chairman John Adam Kanas sold 102,915 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $33.92, for a total value of $3,490,876.80. Following the transaction, the chairman now owns 1,145,155 shares in the company, valued at approximately $38,843,657.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 502,915 shares of company stock worth $16,804,877 in the last 90 days. 5.10% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in BKU. Karp Capital Management Corp purchased a new position in shares of BankUnited during the first quarter worth $222,000. Worth Venture Partners LLC bought a new position in BankUnited during the first quarter valued at approximately $259,000. Nomura Holdings Inc. bought a new position in BankUnited during the first quarter valued at approximately $298,000. Parametrica Management Ltd bought a new position in BankUnited during the first quarter valued at approximately $308,000. Finally, Teza Capital Management LLC bought a new position in BankUnited during the first quarter valued at approximately $320,000. Institutional investors own 99.28% of the company’s stock.

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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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