BankUnited, Inc. Expected to Earn Q4 2023 Earnings of $1.05 Per Share (NYSE:BKU)

BankUnited, Inc. (NYSE:BKU – Get Rating) – Equities researchers at Wedbush dropped their Q4 2023 earnings per share (EPS) estimates for BankUnited in a research report issued to clients and investors on Monday, April 25th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings per share of $1.05 for the quarter, down from their previous forecast of $1.06.

A number of other research firms have also recently issued reports on BKU. StockNews.com initiated coverage on shares of BankUnited in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. JPMorgan Chase & Co. cut shares of BankUnited from a “neutral” rating to an “underweight” rating and reduced their price target for the company from $50.00 to $43.00 in a research report on Monday. The Goldman Sachs Group raised their price objective on BankUnited from $42.50 to $48.00 and gave the company a “sell” rating in a research report on Monday, April 4th. Finally, Keefe, Bruyette & Woods raised shares of BankUnited from a “market perform” rating to an “outperform” rating and set a $50.00 target price for the company in a research note on Friday, January 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $49.00.

Shares of BankUnited stock opened at $38.55 on Wednesday. The company’s 50 day moving average price is $42.66 and its 200-day moving average price is $42.59. 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 stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 9.07 and a beta of 1.22.

BankUnited (NYSE:BKU – Get Rating) last posted its quarterly earnings results on Thursday, April 21st. The financial services provider reported $0.79 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.03). BankUnited had a return on equity of 12.61% and a net margin of 35.89%. During the same quarter in the prior year, the company earned $1.06 earnings per share.

The business also recently disclosed 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 is a positive change from BankUnited’s previous quarterly dividend of $0.23. This represents a $1.00 dividend on an annualized basis and a yield of 2.59%. The ex-dividend date is Wednesday, April 13th. BankUnited’s dividend payout ratio (DPR) is 23.53%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Exchange Traded Concepts LLC increased its stake in BankUnited by 1.6% in the 4th quarter. Exchange Traded Concepts LLC now owns 17,124 shares of the financial services provider’s stock worth $725,000 after acquiring an additional 274 shares during the last quarter. Lazard Asset Management LLC grew its stake in shares of BankUnited by 85.5% in the 4th quarter. Lazard Asset Management LLC now owns 963 shares of the financial services provider’s stock worth $40,000 after buying an additional 444 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of BankUnited by 4.9% during the 3rd quarter. CIBC Asset Management Inc now owns 10,985 shares of the financial services provider’s stock valued at $459,000 after buying an additional 517 shares in the last quarter. FDx Advisors Inc. lifted its holdings in shares of BankUnited by 7.3% in the 4th quarter. FDx Advisors Inc. now owns 9,782 shares of the financial services provider’s stock valued at $414,000 after acquiring an additional 664 shares during the last quarter. Finally, Fox Run Management L.L.C. grew its position in BankUnited by 12.9% in the fourth quarter. Fox Run Management L.L.C. now owns 5,808 shares of the financial services provider’s stock worth $246,000 after acquiring an additional 665 shares in the last quarter. 97.85% of the stock is owned by institutional investors.

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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