Analysts Expect BankUnited, Inc. (BKU) to Announce $0.61 Earnings Per Share

Wall Street brokerages forecast that BankUnited, Inc. (NYSE:BKU) will announce earnings per share (EPS) of $0.61 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for BankUnited’s earnings. The lowest EPS estimate is $0.58 and the highest is $0.63. BankUnited posted earnings of $0.59 per share during the same quarter last year, which would indicate a positive year over year growth rate of 3.4%. The business is expected to report its next earnings results on Wednesday, January 24th.

According to Zacks, analysts expect that BankUnited will report full-year earnings of $2.39 per share for the current financial year, with EPS estimates ranging from $2.37 to $2.42. For the next financial year, analysts anticipate that the firm will report earnings of $2.66 per share, with EPS estimates ranging from $2.50 to $2.76. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow BankUnited.

BankUnited (NYSE:BKU) last issued its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.59 by $0.03. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. The business had revenue of $294.59 million for the quarter, compared to analysts’ expectations of $273.51 million. During the same quarter last year, the company posted $0.47 earnings per share.

BKU has been the topic of several research analyst reports. BidaskClub cut shares of BankUnited from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 22nd. ValuEngine cut shares of BankUnited from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $41.00 price target on shares of BankUnited in a research report on Thursday, September 28th. Zacks Investment Research cut shares of BankUnited from a “hold” rating to a “sell” rating in a research report on Tuesday, October 3rd. Finally, J P Morgan Chase & Co cut shares of BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 price target on the stock. in a research report on Wednesday, November 1st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $40.60.

Shares of BankUnited (BKU) traded up $0.38 during mid-day trading on Monday, hitting $39.82. 817,797 shares of the stock traded hands, compared to its average volume of 853,195. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 1.86. BankUnited has a twelve month low of $30.37 and a twelve month high of $41.00. The company has a market capitalization of $4,221.55, a PE ratio of 16.60, a price-to-earnings-growth ratio of 1.87 and a beta of 1.09.

In other BankUnited news, insider Mark Bagnoli sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total value of $35,880.00. Following the transaction, the insider now owns 19,699 shares of the company’s stock, valued at $706,800.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.10% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Salem Investment Counselors Inc. bought a new stake in shares of BankUnited during the third quarter valued at approximately $514,000. California Public Employees Retirement System raised its holdings in shares of BankUnited by 7.3% during the third quarter. California Public Employees Retirement System now owns 266,249 shares of the financial services provider’s stock valued at $9,470,000 after buying an additional 18,049 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of BankUnited during the third quarter valued at approximately $5,336,000. Jacobs Asset Management LLC bought a new stake in shares of BankUnited during the third quarter valued at approximately $4,446,000. Finally, Maltese Capital Management LLC raised its holdings in shares of BankUnited by 2.2% during the third quarter. Maltese Capital Management LLC now owns 153,300 shares of the financial services provider’s stock valued at $5,453,000 after buying an additional 3,300 shares during the last quarter. 95.93% of the stock is currently owned by institutional investors.

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About BankUnited

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

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