Wall Street analysts expect that BankUnited (NYSE:BKU) will post earnings of $0.86 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for BankUnited’s earnings, with the lowest EPS estimate coming in at $0.83 and the highest estimate coming in at $0.91. BankUnited reported earnings per share of $0.62 during the same quarter last year, which would indicate a positive year-over-year growth rate of 38.7%. The business is expected to issue its next quarterly earnings results on Tuesday, October 30th.

According to Zacks, analysts expect that BankUnited will report full year earnings of $3.33 per share for the current fiscal year, with EPS estimates ranging from $3.25 to $3.40. For the next fiscal year, analysts anticipate that the business will report earnings of $3.24 per share, with EPS estimates ranging from $3.03 to $3.38. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover BankUnited.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.78 by $0.04. BankUnited had a net margin of 45.30% and a return on equity of 11.47%. The business had revenue of $287.24 million during the quarter, compared to analyst estimates of $285.63 million. During the same quarter in the previous year, the business posted $0.60 EPS.

A number of research analysts have recently issued reports on the stock. ValuEngine downgraded shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Monday. Sandler O’Neill set a $47.00 price objective on shares of BankUnited and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Finally, Morgan Stanley downgraded shares of BankUnited from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $46.00 to $42.00 in a research report on Tuesday, September 18th. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $43.70.

Shares of BankUnited stock traded down $0.45 on Friday, reaching $35.48. The stock had a trading volume of 593,300 shares, compared to its average volume of 903,368. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.64. BankUnited has a 1 year low of $32.34 and a 1 year high of $44.97. The company has a market cap of $3.83 billion, a P/E ratio of 13.39, a PEG ratio of 1.24 and a beta of 0.96.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Tuesday, October 16th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Monday, October 15th. BankUnited’s payout ratio is currently 31.70%.

In other news, COO Thomas M. Cornish sold 10,000 shares of BankUnited stock in a transaction that occurred on Monday, August 13th. The shares were sold at an average price of $40.02, for a total value of $400,200.00. Following the transaction, the chief operating officer now owns 90,249 shares of the company’s stock, valued at approximately $3,611,764.98. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.30% of the stock is owned by insiders.

Several institutional investors have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY grew its position in BankUnited by 1,225.1% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 2,796 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 2,585 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in BankUnited during the 2nd quarter worth approximately $121,000. FTB Advisors Inc. purchased a new stake in BankUnited during the 2nd quarter worth approximately $123,000. Fox Run Management L.L.C. purchased a new stake in BankUnited during the 2nd quarter worth approximately $223,000. Finally, Bristol John W & Co. Inc. NY purchased a new stake in BankUnited during the 1st quarter worth approximately $235,000. 94.71% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for BankUnited (NYSE:BKU)

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