BankUnited (BKU) Releases Quarterly Earnings, Beats Expectations By $0.08 EPS

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BankUnited (NYSE:BKU) announced its earnings results on Thursday. The company reported $0.53 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.45 by $0.08, American Banking News reports.

A number of analysts have recently weighed in on BKU shares. Analysts at Zacks reiterated a “neutral” rating on shares of BankUnited in a research note on Monday, April 7th. They now have a $36.00 price target on the stock. On a related note, analysts at Morgan Stanley upgraded shares of BankUnited from an “equal weight” rating to an “overweight” rating in a research note on Thursday, March 27th. They now have a $39.00 price target on the stock, up previously from $32.00. Finally, analysts at Ned Davis Research upgraded shares of BankUnited from a “sell” rating to a “neutral” rating in a research note on Monday, March 10th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $35.50.

BankUnited (NYSE:BKU) opened at 33.52 on Thursday. BankUnited has a 1-year low of $24.17 and a 1-year high of $35.65. The stock has a 50-day moving average of $33.81 and a 200-day moving average of $32.42. The company has a market cap of $3.404 billion and a P/E ratio of 16.60.

BankUnited, Inc (NYSE:BKU) is a bank holding company with three wholly owned subsidiaries: BankUnited, National Association (the Bank) Herald National Bank (Herald), and BankUnited Investment Services, Inc (BUIS), collectively, the Company.

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