BankUnited (NYSE:BKU) Posts Earnings Results, Misses Expectations By $0.03 EPS

BankUnited (NYSE:BKUGet Rating) posted its earnings results on Thursday. The financial services provider reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03), MarketWatch Earnings reports. BankUnited had a return on equity of 13.43% and a net margin of 37.95%. During the same quarter in the prior year, the company earned $1.06 earnings per share.

Shares of BankUnited stock opened at $40.99 on Friday. The company has a current ratio of 0.79, a quick ratio of 0.79 and a debt-to-equity ratio of 0.63. BankUnited has a 12-month low of $37.08 and a 12-month high of $49.55. The firm has a market capitalization of $3.47 billion, a price-to-earnings ratio of 9.07 and a beta of 1.22. The firm’s 50 day simple moving average is $42.91 and its two-hundred day simple moving average is $42.65.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 29th. Shareholders of record on Thursday, April 14th will be paid a dividend of $0.25 per share. This is a positive change from BankUnited’s previous quarterly dividend of $0.23. The ex-dividend date is Wednesday, April 13th. This represents a $1.00 dividend on an annualized basis and a yield of 2.44%. BankUnited’s dividend payout ratio is presently 22.12%.

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

A number of institutional investors have recently modified their holdings of the business. Thrivent Financial for Lutherans increased its stake in shares of BankUnited by 276.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 282,773 shares of the financial services provider’s stock worth $11,965,000 after acquiring an additional 207,745 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of BankUnited by 107.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 392,833 shares of the financial services provider’s stock worth $16,621,000 after acquiring an additional 203,689 shares during the period. Morgan Stanley increased its stake in shares of BankUnited by 49.0% in the second quarter. Morgan Stanley now owns 517,081 shares of the financial services provider’s stock worth $22,074,000 after acquiring an additional 169,948 shares during the period. Barclays PLC increased its stake in shares of BankUnited by 55.0% in the fourth quarter. Barclays PLC now owns 254,089 shares of the financial services provider’s stock worth $10,751,000 after acquiring an additional 90,206 shares during the period. Finally, Citadel Advisors LLC increased its stake in shares of BankUnited by 130.9% in the fourth quarter. Citadel Advisors LLC now owns 9,592 shares of the financial services provider’s stock worth $406,000 after acquiring an additional 40,654 shares during the period. Institutional investors and hedge funds own 97.85% of the company’s stock.

BankUnited Company Profile (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.

See Also

Earnings History for BankUnited (NYSE:BKU)

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