BankUnited (NYSE:BKU) – Research analysts at Wedbush issued their Q1 2018 earnings per share estimates for BankUnited in a research report issued to clients and investors on Wednesday. Wedbush analyst D. Chiaverini expects that the financial services provider will earn $0.74 per share for the quarter. Wedbush also issued estimates for BankUnited’s Q2 2018 earnings at $0.77 EPS, Q3 2018 earnings at $0.81 EPS, Q4 2018 earnings at $0.84 EPS, FY2018 earnings at $3.15 EPS and FY2019 earnings at $3.00 EPS.
BankUnited (NYSE:BKU) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.24. BankUnited had a net margin of 45.09% and a return on equity of 11.30%. The company had revenue of $285.37 million for the quarter, compared to the consensus estimate of $270.33 million. During the same period in the prior year, the company posted $0.59 EPS.
BankUnited (NYSE:BKU) opened at $41.90 on Monday. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.86. BankUnited has a 52-week low of $30.37 and a 52-week high of $43.84. The stock has a market cap of $4,480.00, a PE ratio of 7.52, a price-to-earnings-growth ratio of 1.48 and a beta of 1.09.
The company 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 $0.21 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.00%. BankUnited’s dividend payout ratio is 15.08%.
BankUnited announced that its Board of Directors has approved a stock repurchase program on Tuesday, January 23rd that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the financial services provider to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.
In related news, insider Mark Bagnoli sold 1,000 shares of the stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Douglas J. Pauls sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 25th. The stock was sold at an average price of $42.12, for a total transaction of $1,684,800.00. Following the sale, the director now owns 31,380 shares in the company, valued at $1,321,725.60. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. Farmers & Merchants Investments Inc. raised its holdings in BankUnited by 3.7% during the 4th quarter. Farmers & Merchants Investments Inc. now owns 64,278 shares of the financial services provider’s stock worth $2,617,000 after buying an additional 2,266 shares during the period. Assenagon Asset Management S.A. acquired a new stake in BankUnited during the 4th quarter worth approximately $8,359,000. Jennison Associates LLC raised its holdings in BankUnited by 20.6% during the 4th quarter. Jennison Associates LLC now owns 2,907,755 shares of the financial services provider’s stock worth $118,404,000 after buying an additional 496,381 shares during the period. Douglas Lane & Associates LLC raised its holdings in BankUnited by 1.2% during the 4th quarter. Douglas Lane & Associates LLC now owns 1,884,024 shares of the financial services provider’s stock worth $76,717,000 after buying an additional 21,442 shares during the period. Finally, Advisors Capital Management LLC raised its holdings in BankUnited by 13.0% during the 4th quarter. Advisors Capital Management LLC now owns 95,785 shares of the financial services provider’s stock worth $3,900,000 after buying an additional 10,999 shares during the period. Hedge funds and other institutional investors own 95.18% of the company’s stock.
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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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