BankUnited (NYSE:BKU) is scheduled to post its quarterly earnings results before the market opens on Monday, April 23rd. Analysts expect BankUnited to post earnings of $0.72 per share for the quarter.
BankUnited (NYSE:BKU) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.86 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.24. BankUnited had a net margin of 45.09% and a return on equity of 10.83%. The company had revenue of $285.37 million for the quarter, compared to analyst estimates of $270.33 million. During the same period in the prior year, the company posted $0.59 EPS. On average, analysts expect BankUnited to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
BankUnited stock opened at $39.75 on Monday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.96 and a current ratio of 0.96. BankUnited has a 1-year low of $30.37 and a 1-year high of $43.84. The stock has a market capitalization of $4,256.60, a P/E ratio of 15.00, a PEG ratio of 1.42 and a beta of 1.04.
BankUnited announced that its board has authorized a share buyback program on Tuesday, January 23rd that permits the company to repurchase $150.00 million in outstanding shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Thursday, April 12th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date is Wednesday, April 11th. BankUnited’s dividend payout ratio (DPR) is currently 31.70%.
A number of analysts recently weighed in on BKU shares. Wells Fargo reissued an “outperform” rating and issued a $50.00 price objective (up from $42.00) on shares of BankUnited in a research report on Tuesday, January 9th. JMP Securities started coverage on shares of BankUnited in a research report on Tuesday, January 9th. They issued an “outperform” rating on the stock. Zacks Investment Research raised shares of BankUnited from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Friday, January 12th. Barclays increased their price objective on shares of BankUnited from $43.00 to $46.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 2nd. Finally, UBS started coverage on shares of BankUnited in a research report on Wednesday, March 21st. They issued a “neutral” rating and a $45.00 price objective on the stock. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $42.92.
In other BankUnited news, Director Eugene F. Demark sold 2,682 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $42.92, for a total value of $115,111.44. Following the transaction, the director now directly owns 16,000 shares in the company, valued at approximately $686,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Douglas J. Pauls sold 40,000 shares of the company’s stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $42.12, for a total transaction of $1,684,800.00. Following the completion of the transaction, the director now owns 31,380 shares in the company, valued at $1,321,725.60. The disclosure for this sale can be found here. Insiders sold a total of 45,487 shares of company stock worth $1,920,218 over the last 90 days. Insiders own 5.10% of the company’s stock.
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BankUnited Company Profile
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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