BankUnited (NYSE:BKU) Issues Earnings Results, Beats Estimates By $0.07 EPS

BankUnited (NYSE:BKU) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07, Briefing.com reports. The firm had revenue of $515.24 million during the quarter, compared to the consensus estimate of $258.65 million. BankUnited had a return on equity of 7.76% and a net margin of 8.41%. During the same period in the prior year, the business earned $0.63 EPS.

BankUnited Stock Up 0.2 %

Shares of BKU stock opened at $35.48 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.87 and a current ratio of 0.87. The stock’s 50 day simple moving average is $36.45 and its 200 day simple moving average is $32.36. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 15.26 and a beta of 1.33. BankUnited has a twelve month low of $21.13 and a twelve month high of $39.51.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 11th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Friday, October 11th. BankUnited’s payout ratio is 50.00%.

Insider Buying and Selling

In other BankUnited news, Director William S. Rubenstein sold 7,864 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $38.57, for a total value of $303,314.48. Following the sale, the director now owns 10,282 shares of the company’s stock, valued at $396,576.74. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.19% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Hovde Group boosted their price target on BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Wedbush boosted their target price on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Citigroup reduced their price target on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. JPMorgan Chase & Co. upped their price target on BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Finally, Barclays increased their price target on shares of BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $36.40.

About BankUnited

BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.