BankUnited (NYSE:BKU) Announces Earnings Results

BankUnited (NYSE:BKU) issued its earnings results on Wednesday. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.62 by $0.02, Briefing.com reports. The business had revenue of $508.35 million during the quarter, compared to analyst estimates of $239.84 million. BankUnited had a return on equity of 8.06% and a net margin of 8.71%. During the same period in the previous year, the company posted $0.70 EPS.

BankUnited Stock Up 2.8 %

BankUnited stock opened at $25.89 on Friday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.92 and a current ratio of 0.88. The business’s 50-day simple moving average is $26.79 and its two-hundred day simple moving average is $26.96. The company has a market cap of $1.94 billion, a PE ratio of 11.16 and a beta of 1.36. BankUnited has a fifty-two week low of $15.83 and a fifty-two week high of $34.22.

BankUnited Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Friday, April 12th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 4.48%. This is an increase from BankUnited’s previous quarterly dividend of $0.27. The ex-dividend date is Thursday, April 11th. BankUnited’s payout ratio is 50.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BKU. Citigroup reduced their price target on BankUnited from $34.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, January 29th. Keefe, Bruyette & Woods reduced their price target on BankUnited from $33.00 to $31.00 and set a “market perform” rating for the company in a research report on Thursday. UBS Group lowered BankUnited from a “neutral” rating to a “sell” rating and set a $29.00 price target for the company. in a research report on Monday, January 8th. Wells Fargo & Company boosted their price target on BankUnited from $26.00 to $28.00 and gave the stock an “equal weight” rating in a research report on Monday, January 29th. Finally, Barclays began coverage on BankUnited in a research report on Friday, March 8th. They issued an “equal weight” rating and a $29.00 price target for the company. Three research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, BankUnited currently has an average rating of “Hold” and an average target price of $30.50.

Insider Buying and Selling at BankUnited

In other BankUnited news, insider Kevin A. Malcolm sold 2,285 shares of the business’s stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $27.18, for a total transaction of $62,106.30. Following the sale, the insider now owns 11,750 shares in the company, valued at approximately $319,365. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 1.19% of the company’s stock.

Institutional Trading of BankUnited

Several large investors have recently added to or reduced their stakes in BKU. Advisor Group Holdings Inc. grew its stake in BankUnited by 83.4% during the 4th quarter. Advisor Group Holdings Inc. now owns 2,918 shares of the financial services provider’s stock valued at $99,000 after purchasing an additional 1,327 shares during the last quarter. US Bancorp DE grew its stake in BankUnited by 347.0% during the 1st quarter. US Bancorp DE now owns 3,558 shares of the financial services provider’s stock valued at $157,000 after purchasing an additional 2,762 shares during the last quarter. Centiva Capital LP purchased a new stake in shares of BankUnited in the second quarter worth about $200,000. Prelude Capital Management LLC purchased a new stake in shares of BankUnited in the second quarter worth about $211,000. Finally, Captrust Financial Advisors boosted its stake in shares of BankUnited by 13.9% in the third quarter. Captrust Financial Advisors now owns 6,355 shares of the financial services provider’s stock worth $217,000 after buying an additional 775 shares during the last quarter. Hedge funds and other institutional investors own 99.70% of the company’s stock.

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.