BankUnited FY2024 EPS Forecast Reduced by Zacks Research

BankUnited, Inc. (NYSE:BKU) – Equities research analysts at Zacks Research decreased their FY2024 earnings estimates for shares of BankUnited in a research note issued on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $2.84 for the year, down from their prior forecast of $2.85. The consensus estimate for BankUnited’s current full-year earnings is $2.85 per share. Zacks Research also issued estimates for BankUnited’s Q3 2025 earnings at $0.78 EPS, FY2025 earnings at $2.92 EPS, Q1 2026 earnings at $0.76 EPS, Q2 2026 earnings at $0.76 EPS, Q3 2026 earnings at $0.77 EPS and FY2026 earnings at $2.97 EPS.

BankUnited (NYSE:BKU) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07. The company had revenue of $515.24 million for the quarter, compared to analysts’ expectations of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same period last year, the firm earned $0.63 earnings per share.

Several other analysts have also recently weighed in on BKU. Citigroup cut their price target on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Wedbush boosted their price target on shares of BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, September 24th. 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 note on Friday, September 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a $37.00 target price on shares of BankUnited in a report on Wednesday, October 23rd. Finally, Hovde Group raised their target price on BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $37.40.

BankUnited Price Performance

Shares of BKU stock opened at $40.67 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.88 and a current ratio of 0.88. BankUnited has a fifty-two week low of $24.34 and a fifty-two week high of $41.65. The firm has a market cap of $3.04 billion, a P/E ratio of 16.67 and a beta of 1.33. The business’s 50 day moving average price is $36.41 and its 200-day moving average price is $33.51.

BankUnited Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.85%. The ex-dividend date was Friday, October 11th. BankUnited’s dividend payout ratio (DPR) is 47.54%.

Insider Transactions at BankUnited

In related news, COO Thomas M. Cornish sold 10,778 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.11, for a total transaction of $421,527.58. Following the sale, the chief operating officer now directly owns 100,000 shares of the company’s stock, valued at approximately $3,911,000. This represents a 9.73 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.19% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. CWM LLC raised its holdings in BankUnited by 307.6% in the 2nd quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 1,455 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of BankUnited in the first quarter worth $57,000. Meeder Asset Management Inc. bought a new position in shares of BankUnited during the second quarter valued at $74,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of BankUnited during the second quarter valued at $169,000. Finally, GAMMA Investing LLC increased its holdings in BankUnited by 17.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock worth $169,000 after buying an additional 686 shares in the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

BankUnited Company Profile

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.