Zacks Research Predicts BankUnited’s Q3 Earnings (NYSE:BKU)

BankUnited, Inc. (NYSE:BKU) – Research analysts at Zacks Research reduced their Q3 2027 EPS estimates for BankUnited in a research note issued to investors on Tuesday, March 17th. Zacks Research analyst Team now forecasts that the financial services provider will earn $1.07 per share for the quarter, down from their previous estimate of $1.08. Zacks Research currently has a “Strong-Buy” rating on the stock. The consensus estimate for BankUnited’s current full-year earnings is $3.13 per share. Zacks Research also issued estimates for BankUnited’s FY2027 earnings at $4.29 EPS.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, January 21st. The financial services provider reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.09. The firm had revenue of $260.80 million for the quarter, compared to the consensus estimate of $279.76 million. BankUnited had a net margin of 14.14% and a return on equity of 9.09%. During the same quarter in the previous year, the firm posted $0.91 EPS.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company increased their price target on BankUnited from $42.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Hovde Group restated an “outperform” rating and set a $51.00 price objective on shares of BankUnited in a report on Monday, December 8th. Keefe, Bruyette & Woods upped their target price on BankUnited from $42.00 to $55.00 and gave the company a “market perform” rating in a research report on Thursday, January 22nd. Barclays increased their target price on BankUnited from $47.00 to $55.00 and gave the company an “equal weight” rating in a research note on Thursday, January 22nd. Finally, Royal Bank Of Canada raised their price target on shares of BankUnited from $48.00 to $53.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, BankUnited currently has a consensus rating of “Moderate Buy” and an average target price of $53.55.

BankUnited Stock Up 0.5%

Shares of BankUnited stock opened at $43.50 on Friday. BankUnited has a 1-year low of $28.21 and a 1-year high of $52.11. The company has a market capitalization of $3.20 billion, a PE ratio of 12.29 and a beta of 1.29. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.82 and a quick ratio of 0.82. The business has a 50-day moving average of $47.17 and a 200-day moving average of $43.25.

Hedge Funds Weigh In On BankUnited

A number of hedge funds have recently added to or reduced their stakes in the business. Strs Ohio acquired a new stake in shares of BankUnited during the first quarter worth $28,000. Eurizon Capital SGR S.p.A. acquired a new position in shares of BankUnited in the 4th quarter valued at about $30,000. Salomon & Ludwin LLC acquired a new position in shares of BankUnited in the 3rd quarter valued at about $34,000. Kestra Advisory Services LLC bought a new stake in shares of BankUnited during the 4th quarter valued at about $35,000. Finally, Quarry LP grew its position in shares of BankUnited by 158.2% during the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider’s stock valued at $36,000 after buying an additional 576 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Insider Buying and Selling at BankUnited

In other news, insider Kevin A. Malcolm sold 3,447 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $47.11, for a total value of $162,388.17. Following the completion of the sale, the insider directly owned 11,500 shares in the company, valued at approximately $541,765. The trade was a 23.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jay D. Richards sold 3,506 shares of the company’s stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $49.83, for a total value of $174,703.98. Following the sale, the insider directly owned 35,687 shares in the company, valued at approximately $1,778,283.21. This represents a 8.95% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 11,953 shares of company stock worth $591,492 over the last quarter. 1.15% of the stock is owned by corporate insiders.

BankUnited Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Friday, January 9th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, January 9th. BankUnited’s payout ratio is currently 35.03%.

About BankUnited

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.