BankUnited (BKU) to Release Quarterly Earnings on Tuesday
BankUnited (NYSE:BKU) will be announcing its earnings results before the market opens on Tuesday, January 23rd.
BankUnited (NYSE:BKU) last posted its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.59 by $0.03. BankUnited had a return on equity of 10.23% and a net margin of 19.82%. The business had revenue of $294.59 million for the quarter, compared to analyst estimates of $273.51 million. During the same quarter in the previous year, the firm earned $0.47 EPS. On average, analysts expect BankUnited to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
BankUnited (BKU) opened at $43.18 on Tuesday. BankUnited has a fifty-two week low of $30.37 and a fifty-two week high of $43.22. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.86. The company has a market capitalization of $4,610.00, a price-to-earnings ratio of 18.14, a PEG ratio of 1.59 and a beta of 1.09.
Several research analysts have recently commented on BKU shares. Deutsche Bank reduced their price target on BankUnited from $42.00 to $40.00 and set a “hold” rating on the stock in a report on Wednesday, November 8th. JMP Securities started coverage on BankUnited in a report on Tuesday, January 9th. They set an “outperform” rating on the stock. Barclays lifted their price target on BankUnited from $43.00 to $46.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Morgan Stanley reiterated an “overweight” rating and set a $46.00 price target on shares of BankUnited in a report on Wednesday, December 13th. Finally, Wells Fargo & Co reiterated an “outperform” rating and set a $50.00 price target (up previously from $42.00) on shares of BankUnited in a report on Tuesday, January 9th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $42.91.
In related news, insider Mark Bagnoli sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total value of $35,880.00. Following the sale, the insider now directly owns 19,699 shares in the company, valued at approximately $706,800.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.90% of the stock is currently owned by insiders.
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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.
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