BankUnited (NYSE:BKU) – Investment analysts at Wedbush lowered their FY2019 EPS estimates for BankUnited in a research note issued on Tuesday, November 5th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will earn $2.93 per share for the year, down from their previous forecast of $2.94. Wedbush also issued estimates for BankUnited’s Q4 2019 earnings at $0.70 EPS and FY2020 earnings at $2.94 EPS.
BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.06. BankUnited had a net margin of 18.04% and a return on equity of 9.76%. The business had revenue of $223.55 million for the quarter, compared to analysts’ expectations of $224.93 million. During the same period in the prior year, the firm earned $0.90 earnings per share.
BKU has been the topic of a number of other reports. Morgan Stanley reduced their price objective on shares of BankUnited from $38.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. JPMorgan Chase & Co. raised shares of BankUnited from an “underweight” rating to a “neutral” rating and raised their price objective for the company from $34.00 to $37.00 in a research note on Thursday, October 24th. Zacks Investment Research cut shares of BankUnited from a “buy” rating to a “hold” rating and set a $36.00 price objective on the stock. in a research note on Friday, October 11th. BMO Capital Markets raised their price objective on shares of BankUnited from $37.00 to $39.00 and gave the company an “outperform” rating in a research note on Thursday, October 24th. Finally, DA Davidson started coverage on shares of BankUnited in a research note on Tuesday, October 22nd. They issued a “buy” rating and a $39.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $37.00.
Shares of BKU traded up $0.13 during mid-day trading on Friday, hitting $35.43. 248,744 shares of the company traded hands, compared to its average volume of 725,459. BankUnited has a one year low of $28.05 and a one year high of $37.32. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.86. The business has a 50-day moving average of $33.84 and a 200 day moving average of $33.48. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 15.01, a PEG ratio of 1.37 and a beta of 1.16.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Marshall Wace North America L.P. acquired a new stake in shares of BankUnited during the first quarter worth $47,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of BankUnited during the second quarter worth $52,000. Toronto Dominion Bank raised its holdings in shares of BankUnited by 21.5% during the second quarter. Toronto Dominion Bank now owns 2,579 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 457 shares during the period. Nisa Investment Advisors LLC acquired a new stake in shares of BankUnited during the third quarter worth $158,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of BankUnited during the second quarter worth $174,000. Institutional investors own 97.09% of the company’s stock.
In other BankUnited news, Director Douglas J. Pauls sold 22,133 shares of the stock in a transaction on Friday, September 13th. The shares were sold at an average price of $34.16, for a total value of $756,063.28. Following the sale, the director now directly owns 56,581 shares in the company, valued at $1,932,806.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.70% of the stock is currently owned by company insiders.
The firm also recently disclosed a — dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th were paid a $0.21 dividend. The ex-dividend date was Friday, October 11th. This represents a yield of 2.5%. BankUnited’s payout ratio is presently 35.59%.
BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, savings accounts, and certificates of deposit; and treasury management services.
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