BankUnited (BKU) Releases Quarterly Earnings Results, Beats Estimates By $0.24 EPS

BankUnited (NYSE:BKU) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.86 EPS for the quarter, beating the consensus estimate of $0.62 by $0.24, Bloomberg Earnings reports. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. During the same quarter in the prior year, the business earned $0.59 earnings per share.

BankUnited (NYSE:BKU) opened at $43.25 on Tuesday. BankUnited has a 52-week low of $30.37 and a 52-week high of $43.39. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market cap of $4,587.94, a PE ratio of 18.17, a P/E/G ratio of 1.59 and a beta of 1.09.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.94%. The ex-dividend date is Thursday, January 11th. BankUnited’s dividend payout ratio is currently 35.29%.

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 transaction of $35,880.00. Following the transaction, the insider now owns 19,699 shares in the company, valued at $706,800.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.90% of the stock is owned by insiders.

Several brokerages have recently commented on BKU. Barclays reaffirmed a “buy” rating and set a $42.00 price objective on shares of BankUnited in a research note on Tuesday, December 5th. Zacks Investment Research upgraded shares of BankUnited from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Friday, January 12th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $42.00 price target on shares of BankUnited in a research report on Thursday, December 14th. ValuEngine upgraded shares of BankUnited from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. 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 research report on Tuesday, January 9th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $42.91.

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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.

Earnings History for BankUnited (NYSE:BKU)

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