BankUnited (BKU) Scheduled to Post Earnings on Tuesday

BankUnited (NYSE:BKU) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, January 23rd.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Tuesday, October 31st. The financial services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. The business had revenue of $294.59 million for the quarter, compared to analyst estimates of $273.51 million. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. During the same period in the prior year, the business earned $0.47 earnings per share. On average, analysts expect BankUnited to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of BankUnited (NYSE BKU) opened at $42.95 on Friday. The company has a market cap of $4,529.19, a P/E ratio of 18.05, a PEG ratio of 1.56 and a beta of 1.09. BankUnited has a 1 year low of $30.37 and a 1 year high of $43.39. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.96 and a quick ratio of 0.96.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th will be given a $0.21 dividend. The ex-dividend date is Thursday, January 11th. This represents a $0.84 annualized dividend and a dividend yield of 1.96%. BankUnited’s dividend payout ratio is presently 35.29%.

In related news, insider Mark Bagnoli sold 1,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 19,699 shares in the company, valued at $706,800.12. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.10% of the stock is currently owned by company insiders.

BKU has been the topic of several research reports. Morgan Stanley reiterated an “overweight” rating and issued a $46.00 price target on shares of BankUnited in a research report on Wednesday, December 13th. Barclays reiterated a “buy” rating and issued a $42.00 price target on shares of BankUnited in a research report on Tuesday, December 5th. JPMorgan Chase & Co. lowered 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. BMO Capital Markets upgraded shares of BankUnited from a “market perform” rating to an “outperform” rating in a research report on Monday, November 20th. Finally, Deutsche Bank lowered 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $42.91.

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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.

Earnings History for BankUnited (NYSE:BKU)

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