BankUnited, Inc. (NYSE:BKU) – Stock analysts at Wedbush lifted their FY2017 earnings per share estimates for shares of BankUnited in a research note issued on Tuesday. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will earn $2.40 per share for the year, up from their prior estimate of $2.38. Wedbush also issued estimates for BankUnited’s Q1 2018 earnings at $0.62 EPS and FY2018 earnings at $2.70 EPS.

Several other research analysts have also recently weighed in on the company. Bank of America Corporation reissued a “buy” rating and issued a $46.00 price objective on shares of BankUnited in a research report on Monday, July 10th. Morgan Stanley reaffirmed an “overweight” rating and set 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 reaffirmed a “hold” rating and set a $40.00 price target on shares of BankUnited in a research report on Friday, July 7th. ValuEngine cut BankUnited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $41.00 price target (up previously from $38.00) on shares of BankUnited in a research report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and nine have assigned a buy rating to the company. BankUnited currently has an average rating of “Hold” and an average price target of $40.45.

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BankUnited (NYSE:BKU) last announced its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.59 by $0.03. BankUnited had a return on equity of 10.35% and a net margin of 19.82%. The business had revenue of $294.59 million during the quarter, compared to the consensus estimate of $273.51 million. During the same quarter last year, the firm posted $0.47 EPS.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKU. Karp Capital Management Corp purchased a new stake in BankUnited in the 1st quarter worth approximately $222,000. Principal Financial Group Inc. lifted its stake in shares of BankUnited by 1.6% in the 1st quarter. Principal Financial Group Inc. now owns 16,346 shares of the financial services provider’s stock valued at $610,000 after purchasing an additional 258 shares during the period. Teachers Advisors LLC lifted its stake in shares of BankUnited by 2.9% in the 1st quarter. Teachers Advisors LLC now owns 701,942 shares of the financial services provider’s stock valued at $26,189,000 after purchasing an additional 19,530 shares during the period. TIAA CREF Investment Management LLC lifted its stake in shares of BankUnited by 12.1% in the 1st quarter. TIAA CREF Investment Management LLC now owns 250,413 shares of the financial services provider’s stock valued at $9,343,000 after purchasing an additional 26,937 shares during the period. Finally, Legal & General Group Plc lifted its stake in shares of BankUnited by 54.3% in the 1st quarter. Legal & General Group Plc now owns 65,363 shares of the financial services provider’s stock valued at $2,438,000 after purchasing an additional 22,991 shares during the period. Institutional investors and hedge funds own 98.44% of the company’s stock.

In other BankUnited news, insider Jeffrey Starr sold 7,445 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $35.08, for a total value of $261,170.60. Following the completion of the sale, the insider now owns 29,000 shares in the company, valued at approximately $1,017,320. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman John Adam Kanas sold 78,190 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $33.18, for a total value of $2,594,344.20. Following the completion of the sale, the chairman now 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. Corporate insiders own 5.10% of the company’s stock.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Monday, October 16th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.41%. The ex-dividend date was Friday, October 13th. BankUnited’s dividend payout ratio is presently 35.29%.

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 and Estimates for BankUnited (NYSE:BKU)

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