BankUnited (NYSE:BKU) declared a quarterly dividend on Thursday, December 28th, Wall Street Journal reports. Stockholders of record on Friday, January 12th will be given a dividend of 0.21 per share by the financial services provider on Wednesday, January 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Thursday, January 11th.
BankUnited has a dividend payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect BankUnited to earn $2.67 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 31.5%.
BankUnited (BKU) opened at $40.66 on Friday. BankUnited has a 52-week low of $30.37 and a 52-week high of $41.64. The company has a market cap of $4,348.66, a P/E ratio of 17.10, a PEG ratio of 1.73 and a beta of 1.09. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.96 and a quick ratio of 0.96.
A number of equities analysts have recently commented on BKU shares. Deutsche Bank dropped their price target on shares of BankUnited from $42.00 to $40.00 and set a “hold” rating on the stock in a research report on Wednesday, November 8th. Barclays lifted their price target on shares of BankUnited from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Tuesday. Morgan Stanley reissued an “overweight” rating and issued a $46.00 price target on shares of BankUnited in a research report on Wednesday, December 13th. BMO Capital Markets raised shares of BankUnited from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and issued a $41.00 price target on shares of BankUnited in a research report on Thursday, September 28th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $41.56.
In related news, insider Mark Bagnoli sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.
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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