Wall Street brokerages expect that BankUnited (NYSE:BKU) will announce earnings per share of $0.64 for the current quarter, Zacks reports. Three analysts have issued estimates for BankUnited’s earnings, with the highest EPS estimate coming in at $0.67 and the lowest estimate coming in at $0.62. BankUnited posted earnings per share of $0.77 during the same quarter last year, which indicates a negative year-over-year growth rate of 16.9%. The company is expected to announce its next quarterly earnings report before the market opens on Wednesday, April 24th.
According to Zacks, analysts expect that BankUnited will report full-year earnings of $2.76 per share for the current year, with EPS estimates ranging from $2.67 to $2.90. For the next fiscal year, analysts anticipate that the company will post earnings of $3.06 per share, with EPS estimates ranging from $2.90 to $3.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for BankUnited.
BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, January 23rd. The financial services provider reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.01). The firm had revenue of $328.38 million during the quarter, compared to the consensus estimate of $314.33 million. BankUnited had a return on equity of 10.84% and a net margin of 20.31%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.62 earnings per share.
Several equities analysts have recently commented on the stock. TheStreet downgraded shares of BankUnited from a “b-” rating to a “c+” rating in a report on Friday, December 21st. Zacks Investment Research downgraded shares of BankUnited from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. ValuEngine raised shares of BankUnited from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. Bank of America downgraded shares of BankUnited from a “buy” rating to a “neutral” rating and set a $34.00 target price on the stock. in a report on Thursday, January 10th. Finally, Stephens downgraded shares of BankUnited from an “overweight” rating to an “equal weight” rating in a report on Wednesday, March 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. BankUnited presently has a consensus rating of “Hold” and an average price target of $39.75.
A number of hedge funds have recently bought and sold shares of the business. Toronto Dominion Bank bought a new position in shares of BankUnited in the fourth quarter worth about $75,000. First Interstate Bank grew its holdings in BankUnited by 119.8% during the 4th quarter. First Interstate Bank now owns 4,890 shares of the financial services provider’s stock worth $146,000 after acquiring an additional 2,665 shares in the last quarter. Cerebellum GP LLC grew its holdings in BankUnited by 22.1% during the 4th quarter. Cerebellum GP LLC now owns 6,036 shares of the financial services provider’s stock worth $181,000 after acquiring an additional 1,091 shares in the last quarter. Algert Global LLC bought a new position in BankUnited during the 4th quarter worth about $201,000. Finally, Franklin Resources Inc. bought a new position in BankUnited during the 3rd quarter worth about $206,000. Institutional investors and hedge funds own 97.86% of the company’s stock.
Shares of BKU traded down $0.20 during mid-day trading on Friday, reaching $35.57. The stock had a trading volume of 242,109 shares, compared to its average volume of 740,588. The firm has a market cap of $3.48 billion, a P/E ratio of 15.07, a PEG ratio of 1.44 and a beta of 1.08. BankUnited has a 12 month low of $28.05 and a 12 month high of $44.97. The company has a debt-to-equity ratio of 1.64, a current ratio of 0.93 and a quick ratio of 0.93.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 12th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date is Thursday, April 11th. BankUnited’s dividend payout ratio (DPR) is 35.59%.
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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