Equities research analysts expect BankUnited, Inc. (NYSE:BKU) to post $269.76 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for BankUnited’s earnings, with the highest sales estimate coming in at $285.13 million and the lowest estimate coming in at $247.30 million. BankUnited posted sales of $246.81 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.3%. The business is expected to report its next quarterly earnings report on Thursday, October 19th.

On average, analysts expect that BankUnited will report full-year sales of $269.76 million for the current year, with estimates ranging from $954.90 million to $1.12 billion. For the next fiscal year, analysts expect that the firm will post sales of $1.14 billion per share, with estimates ranging from $1.05 billion to $1.18 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow BankUnited.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. BankUnited had a net margin of 19.54% and a return on equity of 9.81%. The company had revenue of $269.48 million during the quarter, compared to the consensus estimate of $258.47 million. During the same period in the prior year, the company earned $0.52 EPS.

BKU has been the topic of several recent research reports. Bank of America Corporation reiterated a “buy” rating and issued a $46.00 price target on shares of BankUnited in a report on Monday, July 10th. J P Morgan Chase & Co cut BankUnited from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $42.00 to $39.00 in a report on Wednesday, April 26th. Deutsche Bank AG reiterated a “buy” rating and issued a $42.00 price target (down previously from $43.00) on shares of BankUnited in a report on Saturday, April 29th. Morgan Stanley reiterated an “overweight” rating and issued a $39.00 price target (down previously from $40.00) on shares of BankUnited in a report on Thursday, July 6th. Finally, Wedbush reiterated a “neutral” rating and issued a $35.00 price target on shares of BankUnited in a report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. BankUnited presently has a consensus rating of “Buy” and an average target price of $41.17.

In other BankUnited news, insider Jeffrey Starr sold 7,445 shares of the firm’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $35.08, for a total transaction of $261,170.60. Following the transaction, the insider now owns 29,000 shares in the company, valued at $1,017,320. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Chairman John Adam Kanas sold 200,000 shares of the firm’s stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $32.65, for a total value of $6,530,000.00. Following the transaction, the chairman now owns 948,070 shares in the company, valued at approximately $30,954,485.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 810,760 shares of company stock worth $27,054,267. Company insiders own 5.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of the company. Public Employees Retirement Association of Colorado boosted its position in shares of BankUnited by 4.1% in the second quarter. Public Employees Retirement Association of Colorado now owns 3,275 shares of the financial services provider’s stock worth $110,000 after buying an additional 128 shares during the period. ProShare Advisors LLC boosted its position in shares of BankUnited by 0.8% in the second quarter. ProShare Advisors LLC now owns 18,716 shares of the financial services provider’s stock worth $631,000 after buying an additional 146 shares during the period. Teton Advisors Inc. boosted its position in shares of BankUnited by 1.0% in the second quarter. Teton Advisors Inc. now owns 25,670 shares of the financial services provider’s stock worth $865,000 after buying an additional 257 shares during the period. Principal Financial Group Inc. boosted its position in shares of BankUnited by 1.6% in the first quarter. Principal Financial Group Inc. now owns 16,346 shares of the financial services provider’s stock worth $610,000 after buying an additional 258 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of BankUnited by 8.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,693 shares of the financial services provider’s stock worth $124,000 after buying an additional 276 shares during the period. Hedge funds and other institutional investors own 99.90% of the company’s stock.

Shares of BankUnited (BKU) traded up 0.41% during midday trading on Tuesday, reaching $34.07. 149,778 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $33.78 and a 200-day moving average of $35.70. BankUnited has a 1-year low of $28.13 and a 1-year high of $41.00. The company has a market capitalization of $3.64 billion, a PE ratio of 15.24 and a beta of 1.07.

The business also recently announced a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Friday, July 14th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Wednesday, July 12th. BankUnited’s dividend payout ratio (DPR) is currently 37.67%.

TRADEMARK VIOLATION NOTICE: This news story was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/08/15/bankunited-inc-bku-expected-to-post-quarterly-sales-of-269-76-million.html.

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.

Get a free copy of the Zacks research report on BankUnited (BKU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for BankUnited (NYSE:BKU)

Receive News & Ratings for BankUnited Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BankUnited Inc. and related companies with MarketBeat.com's FREE daily email newsletter.