BankUnited Inc. (BKU) to Release Quarterly Earnings on Thursday
BankUnited Inc. (NYSE:BKU) is scheduled to be posting its Q316 quarterly earnings results on Thursday, October 20th. Analysts expect BankUnited to post earnings of $0.53 per share and revenue of $248.57 million for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
BankUnited (NYSE:BKU) last released its earnings results on Wednesday, July 20th. The financial services provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. BankUnited had a net margin of 24.42% and a return on equity of 9.80%. During the same quarter in the prior year, the company posted $0.43 earnings per share. On average, analysts expect BankUnited to post $2.10 EPS for the current fiscal year and $2.41 EPS for the next fiscal year.
BankUnited Inc. (NYSE:BKU) opened at 28.67 on Tuesday. BankUnited Inc. has a 52-week low of $27.85 and a 52-week high of $39.97. The stock’s 50 day moving average is $30.58 and its 200-day moving average is $31.80. The company has a market capitalization of $2.99 billion, a P/E ratio of 11.45 and a beta of 0.83.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Monday, October 17th will be given a dividend of $0.21 per share. The ex-dividend date is Thursday, October 13th. This represents a $0.84 annualized dividend and a yield of 2.93%. BankUnited’s dividend payout ratio (DPR) is 33.60%.
Several analysts recently issued reports on BKU shares. Hovde Group lowered shares of BankUnited from a “market perform” rating to an “underperform” rating and cut their target price for the company from $30.00 to $28.00 in a research report on Thursday, September 1st. Bank of America Corp. restated a “buy” rating and set a $38.00 target price on shares of BankUnited in a research report on Monday, June 20th. Sandler O’Neill upgraded shares of BankUnited from a “hold” rating to a “buy” rating and set a $34.00 target price for the company in a research report on Wednesday, June 29th. RBC Capital Markets restated an “outperform” rating and set a $37.00 target price (down from $39.00) on shares of BankUnited in a research report on Friday, July 22nd. Finally, BMO Capital Markets restated an “outperform” rating and set a $35.00 target price on shares of BankUnited in a research report on Wednesday, July 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $35.63.
In related news, insider Jeffrey Starr sold 5,000 shares of the company’s stock in a transaction on Thursday, September 15th. The shares were sold at an average price of $31.20, for a total transaction of $156,000.00. Following the sale, the insider now owns 34,000 shares of the company’s stock, valued at $1,060,800. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark Bagnoli sold 2,000 shares of the company’s stock in a transaction on Friday, July 29th. The shares were sold at an average price of $30.11, for a total transaction of $60,220.00. Following the sale, the insider now directly owns 17,458 shares in the company, valued at approximately $525,660.38. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Analytic Investors LLC increased its stake in BankUnited by 13.7% in the second quarter. Analytic Investors LLC now owns 181,413 shares of the financial services provider’s stock worth $5,573,000 after buying an additional 21,928 shares during the last quarter. BlueMountain Capital Management LLC increased its stake in BankUnited by 41.3% in the second quarter. BlueMountain Capital Management LLC now owns 10,185 shares of the financial services provider’s stock worth $313,000 after buying an additional 2,978 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in BankUnited during the second quarter worth about $323,000. Fifth Third Bancorp increased its stake in BankUnited by 11.3% in the second quarter. Fifth Third Bancorp now owns 17,457 shares of the financial services provider’s stock worth $536,000 after buying an additional 1,767 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake in BankUnited by 7.9% in the second quarter. Janney Montgomery Scott LLC now owns 6,736 shares of the financial services provider’s stock worth $243,000 after buying an additional 494 shares during the last quarter. 96.99% of the stock is currently owned by institutional investors.
BankUnited Company Profile
BankUnited, Inc is the bank holding company of BankUnited, National Association (the Bank). The Bank provides a range of banking services to individual and corporate customers through approximately 100 branches. The Company offers a range of lending products, including small business loans, commercial real estate loans, equipment loans and leases, term loans, formula-based loans, municipal loans and leases, commercial lines of credit, letters of credit and consumer loans.
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