BankUnited FY2027 EPS Estimate Lowered by Zacks Research

BankUnited, Inc. (NYSE:BKU) – Equities researchers at Zacks Research lowered their FY2027 earnings estimates for BankUnited in a report issued on Monday, December 15th. Zacks Research analyst Team now forecasts that the financial services provider will post earnings per share of $3.82 for the year, down from their prior forecast of $3.83. The consensus estimate for BankUnited’s current full-year earnings is $3.13 per share.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Wednesday, October 22nd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. The firm had revenue of $275.68 million during the quarter, compared to analyst estimates of $280.33 million. BankUnited had a return on equity of 9.18% and a net margin of 13.98%.The firm’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the company posted $0.81 EPS.

Other research analysts have also recently issued reports about the stock. Hovde Group reiterated an “outperform” rating and issued a $51.00 target price on shares of BankUnited in a report on Monday, December 8th. Cantor Fitzgerald restated an “overweight” rating and set a $44.00 target price on shares of BankUnited in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of BankUnited in a research report on Wednesday, October 8th. Jefferies Financial Group upgraded shares of BankUnited from a “hold” rating to a “buy” rating and raised their price objective for the stock from $42.00 to $55.00 in a research note on Monday, December 1st. Finally, Wells Fargo & Company dropped their target price on shares of BankUnited from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Thursday, October 23rd. Five research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, BankUnited has a consensus rating of “Hold” and a consensus price target of $43.40.

BankUnited Stock Performance

NYSE:BKU opened at $45.52 on Wednesday. The firm has a market cap of $3.42 billion, a price-to-earnings ratio of 12.82 and a beta of 1.34. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.69. The company has a 50-day moving average of $41.19 and a 200-day moving average of $38.58. BankUnited has a twelve month low of $28.21 and a twelve month high of $46.92.

BankUnited Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Friday, October 10th were paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Friday, October 10th. BankUnited’s dividend payout ratio is 34.93%.

Hedge Funds Weigh In On BankUnited

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bayforest Capital Ltd boosted its holdings in BankUnited by 32.3% during the second quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock worth $40,000 after buying an additional 271 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in BankUnited by 23.5% in the third quarter. Smartleaf Asset Management LLC now owns 1,452 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 276 shares during the period. Arizona State Retirement System boosted its position in shares of BankUnited by 1.4% during the third quarter. Arizona State Retirement System now owns 22,256 shares of the financial services provider’s stock worth $849,000 after purchasing an additional 298 shares in the last quarter. Maryland State Retirement & Pension System grew its holdings in shares of BankUnited by 1.4% in the 2nd quarter. Maryland State Retirement & Pension System now owns 22,104 shares of the financial services provider’s stock valued at $787,000 after buying an additional 304 shares during the period. Finally, Yousif Capital Management LLC grew its holdings in shares of BankUnited by 1.2% in the 2nd quarter. Yousif Capital Management LLC now owns 27,917 shares of the financial services provider’s stock valued at $994,000 after buying an additional 337 shares during the period. 99.70% of the stock is owned by institutional investors.

BankUnited Company Profile

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.