$0.89 EPS Expected for BankUnited (BKU) This Quarter

Analysts predict that BankUnited (NYSE:BKU) will post $0.89 earnings per share for the current quarter, according to Zacks. Three analysts have provided estimates for BankUnited’s earnings, with the lowest EPS estimate coming in at $0.81 and the highest estimate coming in at $0.99. BankUnited posted earnings per share of $0.86 during the same quarter last year, which indicates a positive year-over-year growth rate of 3.5%. The firm is expected to announce its next earnings results on Tuesday, January 22nd.

According to Zacks, analysts expect that BankUnited will report full year earnings of $3.36 per share for the current financial year, with EPS estimates ranging from $3.30 to $3.48. For the next fiscal year, analysts expect that the firm will report earnings of $3.04 per share, with EPS estimates ranging from $2.64 to $3.33. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover BankUnited.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Wednesday, October 24th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.05. The business had revenue of $290.70 million during the quarter, compared to the consensus estimate of $292.57 million. BankUnited had a return on equity of 11.89% and a net margin of 46.00%. During the same period in the previous year, the company posted $0.62 EPS.

Several analysts recently issued reports on the company. Zacks Investment Research upgraded BankUnited from a “sell” rating to a “hold” rating in a research note on Friday, October 26th. BMO Capital Markets cut their target price on BankUnited from $45.00 to $40.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. Morgan Stanley cut their target price on BankUnited from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Tuesday, July 31st. Keefe, Bruyette & Woods reiterated a “hold” rating and set a $39.00 target price on shares of BankUnited in a research report on Thursday, November 15th. Finally, FIG Partners upgraded BankUnited from a “market perform” rating to an “outperform” rating and set a $36.00 target price for the company in a research report on Thursday, October 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $42.91.

In other news, insider Mark Bagnoli sold 1,000 shares of the business’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $31.82, for a total transaction of $31,820.00. Following the completion of the transaction, the insider now owns 24,118 shares of the company’s stock, valued at approximately $767,434.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.30% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of BKU. First Trust Advisors LP raised its holdings in shares of BankUnited by 286.7% during the 2nd quarter. First Trust Advisors LP now owns 2,851,760 shares of the financial services provider’s stock worth $116,494,000 after buying an additional 2,114,308 shares in the last quarter. Millennium Management LLC increased its holdings in BankUnited by 31.8% in the 2nd quarter. Millennium Management LLC now owns 3,703,524 shares of the financial services provider’s stock worth $151,289,000 after purchasing an additional 893,857 shares in the last quarter. Seizert Capital Partners LLC acquired a new position in BankUnited in the 3rd quarter worth about $30,206,000. Diamond Hill Capital Management Inc. increased its holdings in BankUnited by 8.9% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 6,640,024 shares of the financial services provider’s stock worth $235,057,000 after purchasing an additional 540,065 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in BankUnited by 18.5% in the 3rd quarter. Alliancebernstein L.P. now owns 3,018,425 shares of the financial services provider’s stock worth $106,852,000 after purchasing an additional 470,281 shares in the last quarter. 96.37% of the stock is owned by institutional investors.

BKU opened at $33.13 on Friday. The firm has a market capitalization of $3.41 billion, a P/E ratio of 12.50, a PEG ratio of 1.11 and a beta of 0.97. BankUnited has a 1 year low of $29.86 and a 1 year high of $44.97. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.61.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Stockholders of record on Tuesday, October 16th were issued a dividend of $0.21 per share. The ex-dividend date was Monday, October 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.54%. BankUnited’s dividend payout ratio (DPR) is currently 31.70%.

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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