Equities analysts expect that BankUnited (NYSE:BKU) will announce $219.02 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for BankUnited’s earnings. The highest sales estimate is $220.24 million and the lowest is $216.83 million. BankUnited reported sales of $275.80 million in the same quarter last year, which indicates a negative year-over-year growth rate of 20.6%. The company is expected to announce its next quarterly earnings results on Wednesday, April 24th.
On average, 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 year, analysts anticipate that the business 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 analysts that follow BankUnited.
BankUnited (NYSE:BKU) last issued its earnings results on Wednesday, January 23rd. The financial services provider reported $0.59 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.01). The business had revenue of $328.38 million for the quarter, compared to the consensus estimate of $314.33 million. BankUnited had a net margin of 20.31% and a return on equity of 10.71%. The business’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.62 EPS.
A number of brokerages recently weighed in on BKU. BMO Capital Markets reduced their target price on shares of BankUnited from $47.00 to $45.00 and set an “outperform” rating for the company in a research note on Thursday, October 25th. FIG Partners raised shares of BankUnited from a “market perform” rating to an “outperform” rating and set a $36.00 target price on the stock in a report on Thursday, October 25th. Stephens set a $40.00 price target on shares of BankUnited and gave the company a “buy” rating in a report on Friday, October 26th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $39.00 price target on shares of BankUnited in a report on Thursday, November 15th. Finally, TheStreet lowered shares of BankUnited from a “b-” rating to a “c+” rating in a research report on Friday, December 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. BankUnited currently has an average rating of “Hold” and an average price target of $40.70.
Shares of BKU stock traded up $0.43 on Monday, hitting $35.64. The stock had a trading volume of 736,375 shares, compared to its average volume of 874,268. BankUnited has a twelve month low of $28.05 and a twelve month high of $44.97. The firm has a market capitalization of $3.63 billion, a price-to-earnings ratio of 15.10, a price-to-earnings-growth ratio of 1.43 and a beta of 1.10. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 1.61.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 31st. Shareholders of record on Monday, January 14th were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.36%. The ex-dividend date was Friday, January 11th. BankUnited’s dividend payout ratio is 35.59%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Toronto Dominion Bank bought a new stake in BankUnited during the 4th quarter worth approximately $75,000. First Interstate Bank boosted its stake in shares of BankUnited by 119.8% in the 4th quarter. First Interstate Bank now owns 4,890 shares of the financial services provider’s stock valued at $146,000 after purchasing an additional 2,665 shares in the last quarter. Cerebellum GP LLC raised its holdings in BankUnited by 22.1% during the 4th quarter. Cerebellum GP LLC now owns 6,036 shares of the financial services provider’s stock valued at $181,000 after buying an additional 1,091 shares during the last quarter. Algert Global LLC bought a new stake in BankUnited during the 4th quarter valued at $201,000. Finally, Franklin Resources Inc. bought a new stake in BankUnited during the 3rd quarter valued at $206,000. 96.75% of the stock is currently owned by institutional investors.
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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