BankUnited, Inc. (NYSE:BKU – Get Rating) – Equities research analysts at Wedbush upped their FY2022 earnings per share estimates for BankUnited in a report issued on Wednesday, September 28th. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will earn $3.80 per share for the year, up from their prior estimate of $3.78. The consensus estimate for BankUnited's current full-year earnings is $3.70 per share. Wedbush also issued estimates for BankUnited's Q4 2022 earnings at $1.13 EPS, Q1 2023 earnings at $1.15 EPS, Q2 2023 earnings at $1.17 EPS, Q3 2023 earnings at $1.18 EPS, Q4 2023 earnings at $1.14 EPS and FY2023 earnings at $4.65 EPS.
Get BankUnited alerts:A number of other brokerages also recently weighed in on BKU. StockNews.com upgraded BankUnited from a "sell" rating to a "hold" rating in a research note on Friday, July 29th. Keefe, Bruyette & Woods cut shares of BankUnited from an "outperform" rating to a "market perform" rating and set a $51.00 price target on the stock. in a report on Thursday, June 2nd. Wells Fargo & Company upped their target price on shares of BankUnited to $45.00 in a research report on Friday, July 22nd. JPMorgan Chase & Co. cut their target price on shares of BankUnited from $43.00 to $38.00 and set an "underweight" rating for the company in a research report on Friday, July 1st. Finally, Piper Sandler upped their target price on shares of BankUnited to $40.00 in a research report on Friday, July 22nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $45.00.
BankUnited Stock Performance
BKU stock opened at $34.08 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.60. The stock has a 50-day moving average price of $37.92 and a 200-day moving average price of $39.00. The firm has a market cap of $2.66 billion, a PE ratio of 8.61 and a beta of 1.25. BankUnited has a 1-year low of $33.54 and a 1-year high of $46.75.BankUnited (NYSE:BKU – Get Rating) last released its quarterly earnings data on Thursday, July 21st. The financial services provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.08). The firm had revenue of $238.87 million for the quarter, compared to analyst estimates of $245.42 million. BankUnited had a net margin of 32.13% and a return on equity of 12.00%. During the same period last year, the business earned $1.11 EPS.
Institutional Trading of BankUnited
Institutional investors and hedge funds have recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new stake in BankUnited in the 1st quarter valued at about $30,000. Infini Capital Management Ltd purchased a new stake in shares of BankUnited in the 2nd quarter valued at $71,000. Eagle Bay Advisors LLC boosted its holdings in BankUnited by 73.8% during the second quarter. Eagle Bay Advisors LLC now owns 2,496 shares of the financial services provider's stock worth $89,000 after buying an additional 1,060 shares in the last quarter. Convergence Investment Partners LLC purchased a new stake in BankUnited during the second quarter worth $128,000. Finally, US Bancorp DE raised its position in BankUnited by 347.0% during the first quarter. US Bancorp DE now owns 3,558 shares of the financial services provider's stock worth $157,000 after acquiring an additional 2,762 shares during the period. 93.77% of the stock is currently owned by institutional investors.
BankUnited Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Friday, October 14th will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 13th. This represents a $1.00 annualized dividend and a dividend yield of 2.93%. BankUnited's payout ratio is 25.25%.
About BankUnited
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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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