Wall Street brokerages expect BankUnited (NYSE:BKU) to announce sales of $221.29 million for the current quarter, Zacks reports. Four analysts have provided estimates for BankUnited’s earnings, with the lowest sales estimate coming in at $219.00 million and the highest estimate coming in at $224.23 million. BankUnited reported sales of $328.38 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 32.6%. The firm is scheduled to issue its next earnings results on Wednesday, January 22nd.

On average, analysts expect that BankUnited will report full-year sales of $895.55 million for the current financial year, with estimates ranging from $889.66 million to $900.53 million. For the next fiscal year, analysts forecast that the business will report sales of $910.04 million, with estimates ranging from $893.00 million to $923.98 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow BankUnited.

BankUnited (NYSE:BKU) last posted its quarterly earnings results on Wednesday, October 23rd. The financial services provider reported $0.77 EPS for the quarter, topping the consensus estimate of $0.71 by $0.06. BankUnited had a return on equity of 9.76% and a net margin of 18.04%. The business had revenue of $223.55 million for the quarter, compared to analyst estimates of $224.93 million. During the same quarter in the previous year, the firm earned $0.90 EPS.

Several analysts recently issued reports on BKU shares. DA Davidson started coverage on shares of BankUnited in a report on Tuesday, October 22nd. They issued a “buy” rating and a $39.00 price objective on the stock. BMO Capital Markets boosted their price objective on shares of BankUnited from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. JPMorgan Chase & Co. upgraded shares of BankUnited from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $34.00 to $37.00 in a report on Thursday, October 24th. Stephens restated an “equal weight” rating and issued a $35.00 price objective on shares of BankUnited in a report on Tuesday, October 15th. Finally, Morgan Stanley reduced their price objective on shares of BankUnited from $38.00 to $37.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. BankUnited currently has a consensus rating of “Hold” and an average price target of $37.00.

In related news, Director Douglas J. Pauls sold 22,133 shares of the business’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $34.16, for a total value of $756,063.28. Following the sale, the director now directly owns 56,581 shares in the company, valued at approximately $1,932,806.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.70% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of BKU. Marshall Wace North America L.P. purchased a new stake in BankUnited during the first quarter worth about $47,000. First Financial Bank Trust Division grew its position in shares of BankUnited by 1.2% during the second quarter. First Financial Bank Trust Division now owns 109,791 shares of the financial services provider’s stock worth $3,704,000 after buying an additional 1,285 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of BankUnited during the second quarter worth about $274,000. Copper Rock Capital Partners LLC grew its position in shares of BankUnited by 9.7% during the second quarter. Copper Rock Capital Partners LLC now owns 445,443 shares of the financial services provider’s stock worth $15,029,000 after buying an additional 39,358 shares in the last quarter. Finally, Machina Capital S.A.S. acquired a new position in shares of BankUnited during the second quarter worth about $269,000. Institutional investors own 97.09% of the company’s stock.

BKU traded up $0.13 on Tuesday, hitting $35.43. The company had a trading volume of 248,744 shares, compared to its average volume of 725,459. The firm has a market cap of $3.36 billion, a P/E ratio of 15.01, a PEG ratio of 1.37 and a beta of 1.16. BankUnited has a 1 year low of $28.05 and a 1 year high of $37.32. The company’s fifty day moving average price is $33.87 and its 200 day moving average price is $33.48. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.86.

The business also recently disclosed a — dividend, which was paid on Thursday, October 31st. Investors of record on Tuesday, October 15th were issued a $0.21 dividend. The ex-dividend date was Friday, October 11th. This represents a yield of 2.5%. BankUnited’s dividend payout ratio (DPR) is currently 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, savings accounts, and certificates of deposit; and treasury management services.

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