BankUnited (NYSE:BKU) – Analysts at Wedbush decreased their Q4 2018 earnings estimates for shares of BankUnited in a research note issued on Monday, November 5th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings of $0.44 per share for the quarter, down from their previous forecast of $0.75. Wedbush also issued estimates for BankUnited’s Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.56 EPS, Q3 2019 earnings at $0.67 EPS, Q4 2019 earnings at $0.69 EPS, FY2019 earnings at $2.28 EPS and FY2020 earnings at $2.80 EPS.

BankUnited (NYSE:BKU) last announced its earnings results on Wednesday, October 24th. The financial services provider reported $0.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.05. The company had revenue of $290.70 million for the quarter, compared to analyst estimates of $292.57 million. BankUnited had a return on equity of 11.89% and a net margin of 46.00%. During the same quarter last year, the company earned $0.62 earnings per share.

A number of other equities research analysts also recently issued reports on BKU. Sandler O’Neill set a $47.00 price target on BankUnited and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Morgan Stanley reduced their price target on BankUnited from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 31st. ValuEngine downgraded BankUnited from a “hold” rating to a “sell” rating in a research report on Monday, September 24th. Barclays reduced their price target on BankUnited from $49.00 to $45.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 3rd. Finally, BMO Capital Markets reduced their price target on BankUnited from $45.00 to $40.00 and set an “outperform” rating on the stock in a research report on Monday, November 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $43.09.

Shares of NYSE BKU opened at $34.50 on Thursday. The company has a market cap of $3.52 billion, a PE ratio of 10.20, a PEG ratio of 1.19 and a beta of 0.97. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.98 and a current ratio of 0.97. BankUnited has a 1-year low of $29.86 and a 1-year high of $44.97.

Several hedge funds have recently modified their holdings of the business. Clinton Group Inc. boosted its holdings in shares of BankUnited by 8.6% in the 3rd quarter. Clinton Group Inc. now owns 18,759 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 1,487 shares in the last quarter. NorthCoast Asset Management LLC boosted its holdings in shares of BankUnited by 4.4% in the 2nd quarter. NorthCoast Asset Management LLC now owns 35,620 shares of the financial services provider’s stock valued at $1,455,000 after purchasing an additional 1,493 shares in the last quarter. Trexquant Investment LP boosted its holdings in shares of BankUnited by 9.4% in the 3rd quarter. Trexquant Investment LP now owns 21,307 shares of the financial services provider’s stock valued at $754,000 after purchasing an additional 1,825 shares in the last quarter. Aperio Group LLC boosted its holdings in shares of BankUnited by 4.7% in the 3rd quarter. Aperio Group LLC now owns 45,843 shares of the financial services provider’s stock valued at $1,623,000 after purchasing an additional 2,060 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in shares of BankUnited by 11.5% in the 3rd quarter. Sterling Capital Management LLC now owns 22,859 shares of the financial services provider’s stock valued at $809,000 after purchasing an additional 2,352 shares in the last quarter. 92.82% of the stock is currently owned by hedge funds and other institutional investors.

In related news, COO Thomas M. Cornish sold 10,000 shares of the stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $40.02, for a total transaction of $400,200.00. Following the sale, the chief operating officer now owns 90,249 shares of the company’s stock, valued at $3,611,764.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Bagnoli sold 1,000 shares of the firm’s stock in a transaction on Friday, October 26th. The shares were sold at an average price of $31.82, for a total value of $31,820.00. Following the completion of the sale, the insider now directly owns 24,118 shares in the company, valued at approximately $767,434.76. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 31st. Investors of record on Tuesday, October 16th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.43%. The ex-dividend date of this dividend was Monday, October 15th. BankUnited’s dividend payout ratio is currently 31.70%.

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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