$0.71 Earnings Per Share Expected for BankUnited (NYSE:BKU) This Quarter

Equities research analysts predict that BankUnited (NYSE:BKU) will announce earnings of $0.71 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for BankUnited’s earnings. The lowest EPS estimate is $0.69 and the highest is $0.74. BankUnited reported earnings per share of $0.90 in the same quarter last year, which suggests a negative year-over-year growth rate of 21.1%. The business is expected to announce its next quarterly earnings report before the market opens on Wednesday, October 23rd.

On average, analysts expect that BankUnited will report full year earnings of $2.87 per share for the current year, with EPS estimates ranging from $2.81 to $2.92. For the next financial year, analysts anticipate that the firm will post earnings of $3.10 per share, with EPS estimates ranging from $2.94 to $3.34. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for BankUnited.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, July 24th. The financial services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.13. BankUnited had a return on equity of 10.21% and a net margin of 18.74%. The firm had revenue of $226.22 million during the quarter, compared to the consensus estimate of $224.42 million. During the same quarter in the prior year, the firm posted $0.82 EPS.

A number of research firms have weighed in on BKU. Zacks Investment Research downgraded BankUnited from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a research report on Friday, October 11th. DA Davidson reaffirmed a “buy” rating on shares of BankUnited in a research report on Thursday, October 3rd. Stephens reaffirmed an “equal weight” rating and set a $35.00 price target on shares of BankUnited in a research report on Tuesday. Finally, Morgan Stanley reduced their price target on BankUnited from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $37.00.

In other news, insider Jay D. Richards sold 1,782 shares of the stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $34.45, for a total value of $61,389.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the sale, the director now owns 56,581 shares in the company, valued at approximately $1,932,806.96. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of BKU. Rockefeller Capital Management L.P. raised its stake in BankUnited by 603.6% in the 1st quarter. Rockefeller Capital Management L.P. now owns 3,870 shares of the financial services provider’s stock valued at $129,000 after acquiring an additional 3,320 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in BankUnited in the 1st quarter valued at $439,000. OppenheimerFunds Inc. raised its stake in BankUnited by 2.3% in the 1st quarter. OppenheimerFunds Inc. now owns 651,935 shares of the financial services provider’s stock valued at $21,774,000 after acquiring an additional 14,956 shares during the period. Marshall Wace North America L.P. bought a new stake in BankUnited in the 1st quarter valued at $47,000. Finally, First Financial Bank Trust Division raised its stake in BankUnited by 1.2% in the 2nd quarter. First Financial Bank Trust Division now owns 109,791 shares of the financial services provider’s stock valued at $3,704,000 after acquiring an additional 1,285 shares during the period. Institutional investors and hedge funds own 97.06% of the company’s stock.

NYSE:BKU traded up $0.38 during trading hours on Friday, reaching $33.75. 679,329 shares of the stock were exchanged, compared to its average volume of 579,948. BankUnited has a twelve month low of $28.05 and a twelve month high of $37.32. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.95 and a quick ratio of 0.94. The firm has a 50 day moving average of $32.98 and a 200 day moving average of $33.53. The stock has a market cap of $3.17 billion, a PE ratio of 14.30, a PEG ratio of 1.31 and a beta of 1.15.

The business also recently disclosed a — dividend, which will be paid on Thursday, October 31st. Stockholders of record on Tuesday, October 15th will be issued a $0.21 dividend. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, October 11th. BankUnited’s payout ratio is presently 35.59%.

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

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Earnings History and Estimates for BankUnited (NYSE:BKU)

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