BankUnited (NYSE:BKU) – Stock analysts at FIG Partners boosted their FY2018 earnings per share (EPS) estimates for shares of BankUnited in a note issued to investors on Thursday, October 25th. FIG Partners analyst D. Bishop now forecasts that the financial services provider will earn $3.30 per share for the year, up from their previous forecast of $3.28. FIG Partners currently has a “Outperform” rating and a $36.00 target price on the stock. FIG Partners also issued estimates for BankUnited’s Q4 2018 earnings at $0.81 EPS, Q1 2019 earnings at $0.80 EPS, Q2 2019 earnings at $0.70 EPS, Q3 2019 earnings at $0.64 EPS, Q4 2019 earnings at $0.71 EPS, FY2019 earnings at $2.84 EPS, Q1 2020 earnings at $0.67 EPS, Q2 2020 earnings at $0.74 EPS, Q3 2020 earnings at $0.77 EPS and FY2020 earnings at $2.99 EPS.

BankUnited (NYSE:BKU) last announced its quarterly earnings data on Wednesday, October 24th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.05. BankUnited had a net margin of 46.00% and a return on equity of 11.91%. The business had revenue of $290.70 million during the quarter, compared to analyst estimates of $292.57 million. During the same period last year, the firm posted $0.62 EPS.

A number of other equities research analysts have also issued reports on BKU. Sandler O’Neill set a $47.00 price objective on shares of BankUnited and gave the company a “buy” rating in a report on Wednesday, July 25th. Morgan Stanley cut their price objective on shares of BankUnited from $48.00 to $46.00 and set an “overweight” rating for the company in a report on Tuesday, July 31st. ValuEngine lowered shares of BankUnited from a “hold” rating to a “sell” rating in a report on Monday, September 24th. Barclays lowered their target price on BankUnited from $49.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, October 3rd. Finally, BMO Capital Markets lowered their target price on BankUnited from $47.00 to $45.00 and set an “outperform” rating for the company in a research report on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. BankUnited currently has a consensus rating of “Hold” and an average target price of $42.62.

Shares of BKU opened at $31.82 on Monday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 1.64. BankUnited has a 1 year low of $29.86 and a 1 year high of $44.97. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 1.08 and a beta of 0.95.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 31st. Stockholders of record on Tuesday, October 16th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Monday, October 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.64%. BankUnited’s dividend payout ratio is currently 31.70%.

In other news, COO Thomas M. Cornish sold 10,000 shares of the stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $40.02, for a total transaction of $400,200.00. Following the completion of the transaction, the chief operating officer now directly owns 90,249 shares in the company, valued at approximately $3,611,764.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of BKU. Metropolitan Life Insurance Co. NY lifted its position in BankUnited by 1,225.1% in the second quarter. Metropolitan Life Insurance Co. NY now owns 2,796 shares of the financial services provider’s stock worth $114,000 after buying an additional 2,585 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in BankUnited in the second quarter worth $121,000. FTB Advisors Inc. bought a new stake in BankUnited in the second quarter worth $123,000. Fox Run Management L.L.C. bought a new stake in BankUnited in the second quarter worth $223,000. Finally, Barings LLC bought a new stake in BankUnited in the second quarter worth $270,000. Hedge funds and other institutional investors own 94.29% of the company’s stock.

BankUnited Company Profile

BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts, as well as certificates of deposit; and treasury management services.

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Earnings History and Estimates for BankUnited (NYSE:BKU)

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