Analysts forecast that BankUnited (NYSE:BKU) will post $265.14 million in sales for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for BankUnited’s earnings. The lowest sales estimate is $237.70 million and the highest is $277.37 million. BankUnited reported sales of $258.74 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.5%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, April 24th.
On average, analysts expect that BankUnited will report full year sales of $265.14 million for the current financial year, with estimates ranging from $999.10 million to $1.18 billion. For the next fiscal year, analysts forecast that the company will post sales of $1.07 billion per share, with estimates ranging from $971.50 million to $1.17 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover BankUnited.
BankUnited (NYSE:BKU) last posted its earnings results on Tuesday, January 23rd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.24. The firm had revenue of $285.37 million for the quarter, compared to the consensus estimate of $270.33 million. BankUnited had a return on equity of 11.30% and a net margin of 45.09%. During the same quarter in the prior year, the business posted $0.59 earnings per share.
In related news, Director Douglas J. Pauls sold 40,000 shares of the stock in a transaction on Thursday, January 25th. The stock was sold at an average price of $42.12, for a total value of $1,684,800.00. Following the sale, the director now owns 31,380 shares in the company, valued at $1,321,725.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Mark Bagnoli sold 1,000 shares of the stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $35.88, for a total value of $35,880.00. Following the completion of the sale, the insider now owns 19,699 shares in the company, valued at approximately $706,800.12. The disclosure for this sale can be found here. Company insiders own 5.10% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. QS Investors LLC raised its position in shares of BankUnited by 9.6% in the second quarter. QS Investors LLC now owns 6,280 shares of the financial services provider’s stock worth $212,000 after buying an additional 550 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of BankUnited by 11.5% in the third quarter. Pacer Advisors Inc. now owns 16,183 shares of the financial services provider’s stock worth $576,000 after buying an additional 1,675 shares in the last quarter. Maltese Capital Management LLC raised its position in shares of BankUnited by 1.1% in the fourth quarter. Maltese Capital Management LLC now owns 155,000 shares of the financial services provider’s stock worth $6,312,000 after buying an additional 1,700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in BankUnited by 49.2% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,511 shares of the financial services provider’s stock valued at $224,000 after purchasing an additional 1,818 shares in the last quarter. Finally, Cambiar Investors LLC raised its position in BankUnited by 2.0% during the third quarter. Cambiar Investors LLC now owns 109,220 shares of the financial services provider’s stock valued at $3,885,000 after purchasing an additional 2,131 shares in the last quarter. Institutional investors own 96.43% of the company’s stock.
BankUnited (NYSE:BKU) traded up $0.17 during trading hours on Monday, hitting $40.80. The company’s stock had a trading volume of 60,401 shares, compared to its average volume of 964,232. The stock has a market capitalization of $4,264.31, a P/E ratio of 15.06, a P/E/G ratio of 1.44 and a beta of 1.01. BankUnited has a 12-month low of $30.37 and a 12-month high of $43.84. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.86.
BankUnited announced that its Board of Directors has initiated a share buyback program on Tuesday, January 23rd that allows the company to repurchase $150.00 million in outstanding shares. This repurchase authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its stock is undervalued.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 12th were given a $0.21 dividend. The ex-dividend date of this dividend was Thursday, January 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.06%. BankUnited’s dividend payout ratio (DPR) is presently 15.05%.
BankUnited Company Profile
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.
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