BankUnited, Inc. (BKU) to Release Earnings on Tuesday
BankUnited, Inc. (NYSE:BKU) is scheduled to release its earnings data before the market opens on Tuesday, October 31st. Analysts expect BankUnited to post earnings of $0.59 per share for the quarter.
BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, July 26th. The financial services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. BankUnited had a return on equity of 9.81% and a net margin of 19.54%. The firm had revenue of $269.48 million for the quarter, compared to analyst estimates of $258.47 million. During the same quarter in the prior year, the company earned $0.52 EPS. On average, analysts expect BankUnited to post $2.37 EPS for the current fiscal year and $2.69 EPS for the next fiscal year.
BankUnited, Inc. (BKU) traded up 0.12% during midday trading on Tuesday, reaching $34.65. The company had a trading volume of 233,090 shares. BankUnited, Inc. has a 52-week low of $28.38 and a 52-week high of $41.00. The company has a market capitalization of $3.70 billion, a P/E ratio of 15.50 and a beta of 1.10. The company’s 50 day moving average is $34.06 and its 200-day moving average is $34.07.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Monday, October 16th will be given a $0.21 dividend. The ex-dividend date is Friday, October 13th. This represents a $0.84 annualized dividend and a yield of 2.43%. BankUnited’s dividend payout ratio (DPR) is 37.67%.
BKU has been the topic of several recent research reports. Wedbush restated a “neutral” rating and issued a $35.00 price target on shares of BankUnited in a research report on Tuesday, June 27th. BidaskClub upgraded shares of BankUnited from a “strong sell” rating to a “sell” rating in a research report on Friday, June 30th. Morgan Stanley restated an “overweight” rating and issued a $39.00 price target (down previously from $40.00) on shares of BankUnited in a research report on Thursday, July 6th. BMO Capital Markets restated a “hold” rating and issued a $40.00 price target on shares of BankUnited in a research report on Friday, July 7th. Finally, Bank of America Corporation restated a “buy” rating and issued a $46.00 price target on shares of BankUnited in a research report on Monday, July 10th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $40.82.
In related news, insider Jeffrey Starr sold 7,445 shares of the firm’s stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $35.08, for a total value of $261,170.60. Following the completion of the transaction, the insider now owns 29,000 shares of the company’s stock, valued at approximately $1,017,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John Adam Kanas sold 78,190 shares of the firm’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $33.18, for a total transaction of $2,594,344.20. Following the completion of the transaction, the chairman now directly owns 565,076 shares of the company’s stock, valued at approximately $18,749,221.68. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.
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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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