BankUnited (BKU) Scheduled to Post Quarterly Earnings on Wednesday

BankUnited (NYSE:BKU) will issue its quarterly earnings data before the market opens on Wednesday, April 17th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.42). The company had revenue of $500.30 million for the quarter, compared to analyst estimates of $244.11 million. BankUnited had a net margin of 9.19% and a return on equity of 8.38%. During the same period in the prior year, the company posted $0.82 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 Down 1.2 %

Shares of BKU opened at $24.94 on Tuesday. The company has a 50-day simple moving average of $26.81 and a 200-day simple moving average of $26.97. The firm has a market capitalization of $1.86 billion, a P/E ratio of 10.48 and a beta of 1.36. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.92 and a current ratio of 0.92. BankUnited has a 52 week low of $15.83 and a 52 week high of $34.22.

BankUnited Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 12th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.65%. The ex-dividend date is Thursday, April 11th. This is a positive change from BankUnited’s previous quarterly dividend of $0.27. BankUnited’s dividend payout ratio is 48.74%.

Insiders Place Their Bets

In other news, insider Kevin A. Malcolm sold 2,285 shares of the stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $27.18, for a total transaction of $62,106.30. Following the sale, the insider now directly owns 11,750 shares of the company’s stock, valued at $319,365. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.19% of the company’s stock.

Institutional Trading of BankUnited

Hedge funds have recently modified their holdings of the stock. Advisor Group Holdings Inc. grew its stake in shares of BankUnited by 83.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 2,918 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 1,327 shares during the last quarter. US Bancorp DE grew its stake in shares of BankUnited by 347.0% during the first quarter. US Bancorp DE now owns 3,558 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 2,762 shares during the last quarter. Centiva Capital LP bought a new stake in shares of BankUnited during the second quarter valued at approximately $200,000. Captrust Financial Advisors grew its stake in shares of BankUnited by 102.6% during the first quarter. Captrust Financial Advisors now owns 5,807 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 2,941 shares during the last quarter. Finally, Prelude Capital Management LLC bought a new stake in shares of BankUnited during the second quarter valued at approximately $211,000. 99.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

BKU has been the subject of several recent research reports. Wells Fargo & Company increased their price target on shares of BankUnited from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Royal Bank of Canada dropped their price target on shares of BankUnited from $33.00 to $29.00 and set a “sector perform” rating for the company in a research report on Tuesday, April 9th. UBS Group lowered shares of BankUnited from a “neutral” rating to a “sell” rating and set a $29.00 price target for the company. in a research report on Monday, January 8th. StockNews.com lowered shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Finally, Citigroup dropped their price target on shares of BankUnited from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, January 29th. Three analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. According to MarketBeat.com, BankUnited has an average rating of “Hold” and an average price target of $30.44.

BankUnited Company Profile

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.