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%.
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.
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