Wall Street brokerages forecast that BankUnited, Inc. (NYSE:BKU – Get Rating) will announce sales of $243.25 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for BankUnited’s earnings. The highest sales estimate is $245.50 million and the lowest is $241.00 million. BankUnited reported sales of $231.07 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 5.3%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that BankUnited will report full year sales of $992.85 million for the current fiscal year, with estimates ranging from $967.21 million to $1.01 billion. For the next year, analysts expect that the company will report sales of $1.09 billion, with estimates ranging from $1.03 billion to $1.15 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow BankUnited.
BankUnited (NYSE:BKU – Get Rating) last released its quarterly earnings results on Thursday, April 21st. The financial services provider reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.03). BankUnited had a net margin of 35.89% and a return on equity of 12.61%. During the same quarter in the prior year, the company posted $1.06 EPS.
NYSE:BKU opened at $40.68 on Monday. The firm’s 50-day moving average is $42.86 and its 200-day moving average is $42.63. BankUnited has a 52-week low of $37.08 and a 52-week high of $49.55. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.79 and a current ratio of 0.81. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 9.57 and a beta of 1.22.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 29th. Stockholders of record on Thursday, April 14th will be paid a $0.25 dividend. The ex-dividend date is Wednesday, April 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.46%. This is a positive change from BankUnited’s previous quarterly dividend of $0.23. BankUnited’s payout ratio is currently 23.53%.
A number of hedge funds have recently made changes to their positions in the business. Marshall Wace North America L.P. purchased a new stake in BankUnited during the first quarter valued at about $47,000. Morgan Stanley boosted its holdings in BankUnited by 49.0% in the second quarter. Morgan Stanley now owns 517,081 shares of the financial services provider’s stock valued at $22,074,000 after acquiring an additional 169,948 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in BankUnited by 22.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 65,396 shares of the financial services provider’s stock valued at $2,735,000 after acquiring an additional 11,835 shares in the last quarter. Swiss National Bank boosted its holdings in shares of BankUnited by 0.5% during the 3rd quarter. Swiss National Bank now owns 206,100 shares of the financial services provider’s stock valued at $8,619,000 after buying an additional 1,000 shares in the last quarter. Finally, Mackenzie Financial Corp bought a new stake in shares of BankUnited during the 3rd quarter valued at $228,000. Institutional investors and hedge funds own 97.85% of the company’s stock.
BankUnited Company Profile (Get Rating)
BankUnited, Inc operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services.
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