Analysts Anticipate BankUnited (NYSE:BKU) to Post $0.71 EPS

Wall Street brokerages expect BankUnited (NYSE:BKU) to post $0.71 earnings per share for the current quarter, according to Zacks. Four analysts have issued estimates for BankUnited’s earnings, with estimates ranging from $0.69 to $0.74. BankUnited reported earnings per share of $0.90 in the same quarter last year, which suggests a negative year over year growth rate of 21.1%. The company is expected to announce its next earnings report before the market opens on Wednesday, October 23rd.

On average, analysts expect that BankUnited will report full year earnings of $2.88 per share for the current financial year, with EPS estimates ranging from $2.81 to $2.92. For the next financial year, analysts expect that the company will post earnings of $3.10 per share, with EPS estimates ranging from $2.94 to $3.34. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover BankUnited.

BankUnited (NYSE:BKU) last posted its quarterly earnings data on Wednesday, July 24th. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.13. The company had revenue of $226.22 million during the quarter, compared to analysts’ expectations of $224.42 million. BankUnited had a net margin of 18.74% and a return on equity of 10.21%. During the same period in the prior year, the company posted $0.82 EPS.

Several equities research analysts have commented on the stock. DA Davidson restated a “buy” rating on shares of BankUnited in a research note on Thursday, October 3rd. Morgan Stanley reduced their price target on shares of BankUnited from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. ValuEngine downgraded shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Wednesday, June 19th. Finally, Zacks Investment Research downgraded shares of BankUnited from a “buy” rating to a “hold” rating and set a $36.00 price target on the stock. in a report on Friday. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. BankUnited currently has a consensus rating of “Hold” and an average target price of $37.56.

In other news, insider Jay D. Richards sold 1,782 shares of BankUnited stock in a transaction that occurred on Friday, July 26th. The shares were sold at an average price of $34.45, for a total transaction of $61,389.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Douglas J. Pauls sold 22,133 shares of BankUnited stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $34.16, for a total transaction of $756,063.28. Following the sale, the director now owns 56,581 shares of the company’s stock, valued at approximately $1,932,806.96. The disclosure for this sale can be found here. Insiders own 1.70% of the company’s stock.

Several large investors have recently modified their holdings of the company. Toronto Dominion Bank raised its position in BankUnited by 21.5% during the second quarter. Toronto Dominion Bank now owns 2,579 shares of the financial services provider’s stock worth $91,000 after acquiring an additional 457 shares in the last quarter. Cambiar Investors LLC raised its position in BankUnited by 0.6% during the second quarter. Cambiar Investors LLC now owns 140,029 shares of the financial services provider’s stock worth $4,725,000 after acquiring an additional 786 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in BankUnited by 1.0% during the second quarter. State Board of Administration of Florida Retirement System now owns 84,125 shares of the financial services provider’s stock worth $2,838,000 after acquiring an additional 812 shares in the last quarter. Envestnet Asset Management Inc. raised its position in BankUnited by 3.6% during the second quarter. Envestnet Asset Management Inc. now owns 24,351 shares of the financial services provider’s stock worth $822,000 after acquiring an additional 847 shares in the last quarter. Finally, Virginia Retirement Systems ET AL raised its position in BankUnited by 2.8% during the second quarter. Virginia Retirement Systems ET AL now owns 36,900 shares of the financial services provider’s stock worth $1,245,000 after acquiring an additional 1,000 shares in the last quarter. Institutional investors own 97.06% of the company’s stock.

Shares of BankUnited stock opened at $32.92 on Friday. The firm has a market cap of $3.14 billion, a PE ratio of 13.95, a price-to-earnings-growth ratio of 1.30 and a beta of 1.15. BankUnited has a 1 year low of $28.05 and a 1 year high of $37.32. The firm’s 50-day simple moving average is $32.79 and its 200-day simple moving average is $33.53. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.94 and a current ratio of 0.95.

The business also recently announced a — dividend, which will be paid on Thursday, October 31st. Shareholders of record on Tuesday, October 15th will be paid a $0.21 dividend. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, October 11th. BankUnited’s dividend payout ratio is presently 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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Earnings History and Estimates for BankUnited (NYSE:BKU)

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