BankUnited (BKU) Set to Announce Earnings on Thursday

BankUnited (NYSE:BKUGet Rating) will release its earnings data before the market opens on Thursday, April 21st. Analysts expect BankUnited to post earnings of $0.87 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

BankUnited (NYSE:BKUGet Rating) last posted its earnings results on Thursday, January 20th. The financial services provider reported $1.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.14 by $0.27. BankUnited had a net margin of 37.95% and a return on equity of 13.43%. The firm had revenue of $251.64 million for the quarter, compared to analyst estimates of $227.29 million. During the same period in the previous year, the firm posted $0.89 EPS. On average, analysts expect BankUnited to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

BKU opened at $42.74 on Thursday. BankUnited has a fifty-two week low of $37.08 and a fifty-two week high of $49.55. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.79 and a quick ratio of 0.79. The firm has a market capitalization of $3.62 billion, a price-to-earnings ratio of 9.46 and a beta of 1.22. The company’s 50 day moving average price is $43.03 and its two-hundred day moving average price is $42.66.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, April 14th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.34%. This is a positive change from BankUnited’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Wednesday, April 13th. BankUnited’s payout ratio is presently 20.35%.

Several institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC acquired a new position in shares of BankUnited during the 4th quarter valued at $30,000. NewEdge Advisors LLC acquired a new position in shares of BankUnited during the 4th quarter valued at $481,000. Goldman Sachs Group Inc. lifted its position in shares of BankUnited by 107.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 392,833 shares of the financial services provider’s stock valued at $16,621,000 after acquiring an additional 203,689 shares during the period. Thrivent Financial for Lutherans lifted its position in shares of BankUnited by 276.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 282,773 shares of the financial services provider’s stock valued at $11,965,000 after acquiring an additional 207,745 shares during the period. Finally, Sei Investments Co. lifted its position in shares of BankUnited by 10.3% during the 4th quarter. Sei Investments Co. now owns 410,441 shares of the financial services provider’s stock valued at $17,374,000 after acquiring an additional 38,198 shares during the period. Institutional investors own 97.85% of the company’s stock.

A number of equities research analysts have weighed in on the stock. Keefe, Bruyette & Woods raised shares of BankUnited from a “market perform” rating to an “outperform” rating and set a $50.00 target price on the stock in a report on Friday, January 21st. StockNews.com assumed coverage on shares of BankUnited in a report on Thursday, March 31st. They set a “hold” rating on the stock. JPMorgan Chase & Co. lowered shares of BankUnited from an “overweight” rating to a “neutral” rating and set a $50.00 target price on the stock. in a report on Friday, April 1st. Finally, The Goldman Sachs Group upped their price objective on shares of BankUnited from $42.50 to $48.00 and gave the company a “sell” rating in a research note on Monday, April 4th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $49.78.

About BankUnited (Get Rating)

BankUnited, Inc is a holding company, which engages in the provision of commercial and consumer banking services through its subsidiary, BankUnited, N.A.. Its services include corporate banking services, commercial real estate, treasury management, business checking accounts, business online banking solutions, and home mortgages.

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Earnings History for BankUnited (NYSE:BKU)

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