BankUnited (NYSE:BKU – Get Free Report) posted its quarterly earnings results on Tuesday. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07, Briefing.com reports. The company had revenue of $515.24 million for the quarter, compared to analysts’ expectations of $258.65 million. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. During the same quarter in the previous year, the firm posted $0.63 EPS.
BankUnited Price Performance
NYSE:BKU traded up $0.52 during midday trading on Thursday, hitting $35.41. The company had a trading volume of 801,375 shares, compared to its average volume of 814,130. BankUnited has a 52-week low of $21.02 and a 52-week high of $39.51. The stock’s fifty day moving average price is $36.47 and its 200-day moving average price is $32.34. The company has a market capitalization of $2.65 billion, a PE ratio of 15.05 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.22.
BankUnited Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 11th will be given a $0.29 dividend. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.16 annualized dividend and a yield of 3.28%. BankUnited’s dividend payout ratio (DPR) is presently 50.00%.
Insider Buying and Selling
Wall Street Analysts Forecast Growth
A number of research firms recently commented on BKU. Barclays lifted their price target on shares of BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Hovde Group lifted their price target on shares of BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Wedbush boosted their target price on shares of BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Royal Bank of Canada reissued a “sector perform” rating and set a $37.00 target price on shares of BankUnited in a report on Wednesday. Finally, Wells Fargo & Company boosted their target price on shares of BankUnited from $35.00 to $38.00 and gave the company an “equal weight” rating in a report on Tuesday, October 1st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, BankUnited has an average rating of “Hold” and a consensus price target of $36.40.
Get Our Latest Research Report on BankUnited
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, commercial payment, and cash management services.
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