BankUnited (BKU) Expected to Announce Quarterly Sales of $219.02 Million

Wall Street analysts expect BankUnited (NYSE:BKU) to post sales of $219.02 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for BankUnited’s earnings, with estimates ranging from $216.83 million to $220.24 million. BankUnited reported sales of $275.80 million in the same quarter last year, which would suggest a negative year over year growth rate of 20.6%. The business is scheduled to issue its next earnings results on Wednesday, April 24th.

According to Zacks, analysts expect that BankUnited will report full year sales of $906.36 million for the current financial year, with estimates ranging from $899.17 million to $918.92 million. For the next fiscal year, analysts expect that the business will post sales of $957.95 million, with estimates ranging from $942.00 million to $975.79 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for BankUnited.

BankUnited (NYSE:BKU) last released its earnings results on Wednesday, January 23rd. The financial services provider reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). BankUnited had a return on equity of 10.71% and a net margin of 20.31%. The business had revenue of $328.38 million during the quarter, compared to analysts’ expectations of $314.33 million. During the same quarter in the previous year, the business earned $0.62 EPS. The business’s revenue for the quarter was up 15.1% on a year-over-year basis.



BKU has been the topic of several research reports. FIG Partners upgraded BankUnited from a “market perform” rating to an “outperform” rating and set a $36.00 price target on the stock in a research note on Thursday, October 25th. BMO Capital Markets cut their price target on BankUnited from $47.00 to $45.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. Zacks Investment Research upgraded BankUnited from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. Stephens set a $40.00 price target on BankUnited and gave the company a “buy” rating in a research note on Friday, October 26th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $39.00 price target on shares of BankUnited in a research note on Thursday, November 15th. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $40.70.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in BankUnited by 1.7% in the third quarter. Vanguard Group Inc. now owns 10,629,463 shares of the financial services provider’s stock valued at $376,283,000 after purchasing an additional 174,690 shares during the last quarter. Vanguard Group Inc grew its stake in BankUnited by 1.7% in the third quarter. Vanguard Group Inc now owns 10,629,463 shares of the financial services provider’s stock valued at $376,283,000 after purchasing an additional 174,690 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in BankUnited by 3.0% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 6,839,050 shares of the financial services provider’s stock valued at $204,761,000 after purchasing an additional 199,026 shares during the last quarter. BlackRock Inc. grew its stake in BankUnited by 1.0% in the fourth quarter. BlackRock Inc. now owns 4,554,356 shares of the financial services provider’s stock valued at $136,358,000 after purchasing an additional 43,397 shares during the last quarter. Finally, Jennison Associates LLC grew its stake in BankUnited by 1.0% in the fourth quarter. Jennison Associates LLC now owns 3,415,138 shares of the financial services provider’s stock valued at $102,249,000 after purchasing an additional 32,810 shares during the last quarter. Institutional investors own 96.75% of the company’s stock.

BKU stock traded up $0.43 during midday trading on Monday, reaching $35.64. The company’s stock had a trading volume of 736,375 shares, compared to its average volume of 874,268. The firm has a market cap of $3.63 billion, a price-to-earnings ratio of 15.10, a PEG ratio of 1.43 and a beta of 1.10. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.61. BankUnited has a 1 year low of $28.05 and a 1 year high of $44.97.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 31st. Stockholders of record on Monday, January 14th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, January 11th. This represents a $0.84 annualized dividend and a dividend yield of 2.36%. BankUnited’s dividend payout ratio is currently 35.59%.

About BankUnited

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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