BankUnited (BKU) Projected to Post Quarterly Earnings on Wednesday

BankUnited (NYSE:BKU) is anticipated to announce its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.69 per share and revenue of $261,075.55 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $515.24 million during the quarter, compared to the consensus estimate of $258.65 million. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. During the same quarter last year, the firm posted $0.63 EPS. On average, analysts expect BankUnited to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

BankUnited Stock Up 1.1 %

Shares of BKU stock opened at $39.81 on Tuesday. BankUnited has a 52-week low of $24.34 and a 52-week high of $44.45. The stock has a market cap of $2.98 billion, a price-to-earnings ratio of 16.32 and a beta of 1.38. The firm’s 50-day moving average is $39.97 and its 200-day moving average is $37.38. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a $0.29 dividend. The ex-dividend date is Friday, January 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.91%. BankUnited’s payout ratio is 47.54%.

Insiders Place Their Bets

In other news, COO Thomas M. Cornish sold 10,778 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.11, for a total transaction of $421,527.58. Following the completion of the sale, the chief operating officer now 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 legal filing with the SEC, which is accessible through this hyperlink. Also, insider Jay D. Richards sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total transaction of $102,950.00. Following the sale, the insider now owns 34,687 shares in the company, valued at $1,428,410.66. This represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.19% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on BKU shares. Wedbush raised their price target on BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Barclays reduced their target price on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Compass Point increased their price target on shares of BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada restated a “sector perform” rating and set a $37.00 price objective on shares of BankUnited in a report on Wednesday, October 23rd. Finally, The Goldman Sachs Group increased their target price on BankUnited from $36.00 to $42.00 and gave the stock a “sell” rating in a research note on Tuesday, November 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $42.60.

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.