Zacks: Analysts Expect BankUnited (BKU) Will Post Quarterly Sales of $219.02 Million
Analysts predict that BankUnited (NYSE:BKU) will announce sales of $219.02 million for the current quarter, according to Zacks. Three analysts have made estimates for BankUnited’s earnings. The lowest sales estimate is $216.83 million and the highest is $220.24 million. BankUnited posted sales of $275.80 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 20.6%. The firm is expected to issue its next quarterly earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that BankUnited will report full-year sales of $906.36 million for the current financial year, with estimates ranging from $899.17 million to $918.92 million. For the next financial year, analysts anticipate that the company will post sales of $957.95 million, with estimates ranging from $942.00 million to $975.79 million. Zacks’ sales averages are an average based on a survey of research firms that cover BankUnited.
BankUnited (NYSE:BKU) last released its quarterly earnings data 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). BankUnited had a return on equity of 10.84% and a net margin of 20.31%. The business had revenue of $328.38 million during the quarter, compared to analysts’ expectations of $314.33 million. During the same period last year, the company earned $0.62 earnings per share. The firm’s revenue was up 15.1% compared to the same quarter last year.
A number of institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of BankUnited by 4.2% during the fourth quarter. Geode Capital Management LLC now owns 1,126,412 shares of the financial services provider’s stock valued at $33,724,000 after acquiring an additional 45,409 shares in the last quarter. Norges Bank acquired a new position in shares of BankUnited during the fourth quarter valued at about $36,796,000. Aurora Investment Counsel acquired a new position in shares of BankUnited during the fourth quarter valued at about $257,000. APG Asset Management N.V. increased its holdings in shares of BankUnited by 107.5% during the fourth quarter. APG Asset Management N.V. now owns 1,147,700 shares of the financial services provider’s stock valued at $30,059,000 after acquiring an additional 594,700 shares in the last quarter. Finally, Context BH Capital Management LP increased its holdings in shares of BankUnited by 18.1% during the fourth quarter. Context BH Capital Management LP now owns 572,170 shares of the financial services provider’s stock valued at $17,131,000 after acquiring an additional 87,799 shares in the last quarter. Institutional investors and hedge funds own 97.59% of the company’s stock.
BankUnited stock traded down $0.04 during trading hours on Friday, reaching $33.34. The stock had a trading volume of 851,032 shares, compared to its average volume of 854,724. The company has a market capitalization of $3.20 billion, a PE ratio of 14.13, a P/E/G ratio of 1.32 and a beta of 1.10. The company has a debt-to-equity ratio of 1.64, a quick ratio of 0.93 and a current ratio of 0.93. BankUnited has a 52 week low of $28.05 and a 52 week high of $44.97.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 12th will be issued a $0.21 dividend. The ex-dividend date is Thursday, April 11th. This represents a $0.84 dividend on an annualized basis and a yield of 2.52%. BankUnited’s dividend payout ratio is presently 35.59%.
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.
Further Reading: The basics of gap trading strategies
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for BankUnited Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BankUnited and related companies with MarketBeat.com's FREE daily email newsletter.