BankUnited (BKU) Issues Earnings Results, Beats Estimates By $0.24 EPS
BankUnited (NYSE:BKU) announced its quarterly earnings data on Tuesday. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.24, Bloomberg Earnings reports. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. During the same period in the previous year, the business earned $0.59 EPS.
Shares of BankUnited (NYSE BKU) opened at $43.25 on Tuesday. The firm has a market cap of $4,620.00, a price-to-earnings ratio of 18.17, a price-to-earnings-growth ratio of 1.59 and a beta of 1.09. BankUnited has a one year low of $30.37 and a one year high of $43.39. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.96 and a current ratio of 0.96.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.94%. BankUnited’s payout ratio is presently 35.29%.
In other BankUnited news, insider Mark Bagnoli sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total transaction of $35,880.00. Following the sale, the insider now owns 19,699 shares of the company’s stock, valued at $706,800.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.90% of the company’s stock.
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BankUnited Company Profile
BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.
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