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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About BankUnited

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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