BankUnited (BKU) Expected to Post Q3 2019 Earnings of $0.51 Per Share

BankUnited (NYSE:BKU) – Research analysts at Wedbush cut their Q3 2019 earnings estimates for BankUnited in a research report issued to clients and investors on Wednesday, October 24th. Wedbush analyst D. Chiaverini now anticipates that the financial services provider will earn $0.51 per share for the quarter, down from their previous estimate of $0.61. Wedbush also issued estimates for BankUnited’s Q4 2019 earnings at $0.54 EPS and FY2020 earnings at $2.30 EPS.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.05. BankUnited had a net margin of 46.00% and a return on equity of 11.91%. The company had revenue of $290.70 million during the quarter, compared to analysts’ expectations of $292.57 million. During the same quarter in the prior year, the company earned $0.62 EPS.



Other analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of BankUnited from a “sell” rating to a “hold” rating in a research note on Friday. Stephens set a $40.00 price objective on shares of BankUnited and gave the company a “buy” rating in a research note on Friday. BMO Capital Markets dropped their price objective on shares of BankUnited from $47.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday. FIG Partners raised shares of BankUnited from a “market perform” rating to an “outperform” rating and set a $36.00 price objective for the company in a research note on Thursday. Finally, ValuEngine cut shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. BankUnited currently has a consensus rating of “Hold” and an average price target of $42.62.

Shares of NYSE BKU opened at $31.82 on Friday. BankUnited has a 12-month low of $29.86 and a 12-month high of $44.97. The stock has a market cap of $3.29 billion, a P/E ratio of 9.31, a price-to-earnings-growth ratio of 1.06 and a beta of 0.95. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.98 and a quick ratio of 0.98.

Large investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co. NY lifted its holdings in shares of BankUnited by 1,225.1% in the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 2,796 shares of the financial services provider’s stock worth $114,000 after acquiring an additional 2,585 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of BankUnited in the 2nd quarter worth approximately $121,000. FTB Advisors Inc. acquired a new position in shares of BankUnited in the 2nd quarter worth approximately $123,000. Fox Run Management L.L.C. acquired a new position in shares of BankUnited in the 2nd quarter worth approximately $223,000. Finally, Barings LLC acquired a new position in shares of BankUnited in the 2nd quarter worth approximately $270,000. Institutional investors own 94.29% of the company’s stock.

In other BankUnited news, COO Thomas M. Cornish sold 10,000 shares of the business’s stock in a transaction dated Monday, August 13th. The shares were sold at an average price of $40.02, for a total value of $400,200.00. Following the transaction, the chief operating officer now directly owns 90,249 shares in the company, valued at approximately $3,611,764.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.30% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Shareholders of record on Tuesday, October 16th will be issued a $0.21 dividend. The ex-dividend date is Monday, October 15th. This represents a $0.84 annualized dividend and a yield of 2.64%. BankUnited’s payout ratio is 31.70%.

BankUnited Company Profile

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, and savings accounts, as well as certificates of deposit; and treasury management services.

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Earnings History and Estimates for BankUnited (NYSE:BKU)

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