BankUnited (NYSE:BKU) Posts Earnings Results, Beats Estimates By $0.27 EPS

BankUnited (NYSE:BKU) released its quarterly earnings data on Thursday. The financial services provider reported $1.11 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.84 by $0.27, MarketWatch Earnings reports. BankUnited had a net margin of 28.26% and a return on equity of 11.23%. During the same period in the prior year, the firm posted $0.80 earnings per share.

Shares of NYSE:BKU opened at $38.08 on Friday. BankUnited has a 1 year low of $17.92 and a 1 year high of $50.71. The company’s 50 day simple moving average is $44.32. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 11.04 and a beta of 1.42. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.99.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 30th. Investors of record on Thursday, July 15th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Wednesday, July 14th. This represents a $0.92 annualized dividend and a yield of 2.42%. BankUnited’s dividend payout ratio is presently 44.66%.

In other news, Director John N. Digiacomo sold 2,300 shares of the firm’s stock in a transaction on Wednesday, May 19th. The stock was sold at an average price of $46.03, for a total transaction of $105,869.00. Also, insider Jay D. Richards sold 1,627 shares of the business’s stock in a transaction that occurred on Friday, April 30th. The shares were sold at an average price of $46.82, for a total transaction of $76,176.14. Following the completion of the sale, the insider now owns 28,994 shares of the company’s stock, valued at $1,357,499.08. The disclosure for this sale can be found here. Insiders have sold a total of 6,927 shares of company stock valued at $326,015 in the last 90 days. Insiders own 1.60% of the company’s stock.

A number of analysts have recently issued reports on BKU shares. Compass Point lifted their price objective on shares of BankUnited from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Tuesday, May 18th. Zacks Investment Research upgraded BankUnited from a “hold” rating to a “strong-buy” rating and set a $53.00 price objective for the company in a report on Monday, May 3rd. Finally, Morgan Stanley boosted their price target on shares of BankUnited from $50.00 to $52.00 and gave the company an “equal weight” rating in a research report on Thursday, April 29th. Six analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. BankUnited currently has an average rating of “Buy” and a consensus price target of $41.73.

About BankUnited

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 and cash management services.

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Earnings History for BankUnited (NYSE:BKU)

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