BankUnited (BKU) Scheduled to Post Quarterly Earnings on Wednesday

BankUnited (NYSE:BKU) is set to announce its earnings results before the market opens on Wednesday, April 17th. Analysts expect the company to announce earnings of $0.64 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

BankUnited (NYSE:BKU) last issued its earnings results on Friday, January 26th. The financial services provider reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.42). BankUnited had a net margin of 9.19% and a return on equity of 8.38%. The firm had revenue of $500.30 million during the quarter, compared to analyst estimates of $244.11 million. During the same quarter in the previous year, the business posted $0.82 EPS. On average, analysts expect BankUnited to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

BankUnited Price Performance

Shares of BankUnited stock opened at $24.94 on Tuesday. The business’s fifty day moving average price is $26.81 and its 200 day moving average price is $26.97. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.98. BankUnited has a twelve month low of $15.83 and a twelve month high of $34.22. The stock has a market capitalization of $1.86 billion, a P/E ratio of 10.48 and a beta of 1.36.

BankUnited Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Friday, April 12th will be given a $0.29 dividend. The ex-dividend date is Thursday, April 11th. This is a positive change from BankUnited’s previous quarterly dividend of $0.27. This represents a $1.16 annualized dividend and a yield of 4.65%. BankUnited’s dividend payout ratio (DPR) is 48.74%.

Insider Buying and Selling

In related news, insider Kevin A. Malcolm sold 2,285 shares of BankUnited stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $27.18, for a total value of $62,106.30. Following the completion of the transaction, the insider now directly owns 11,750 shares in the company, valued at $319,365. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.19% of the company’s stock.

Hedge Funds Weigh In On BankUnited

Hedge funds have recently bought and sold shares of the company. Advisor Group Holdings Inc. grew its stake in BankUnited by 83.4% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,918 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 1,327 shares in the last quarter. US Bancorp DE boosted its stake in BankUnited by 347.0% in the first quarter. US Bancorp DE now owns 3,558 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 2,762 shares during the period. Centiva Capital LP acquired a new position in BankUnited in the second quarter valued at approximately $200,000. Prelude Capital Management LLC acquired a new position in BankUnited in the second quarter valued at approximately $211,000. Finally, Captrust Financial Advisors boosted its stake in BankUnited by 13.9% in the third quarter. Captrust Financial Advisors now owns 6,355 shares of the financial services provider’s stock valued at $217,000 after acquiring an additional 775 shares during the period. 99.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on BKU shares. The Goldman Sachs Group raised their price objective on BankUnited from $26.00 to $29.00 and gave the company a “sell” rating in a research report on Monday, December 18th. Wedbush cut their price objective on BankUnited from $34.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, January 29th. Citigroup cut their price objective on BankUnited from $34.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday, January 29th. JPMorgan Chase & Co. cut their price objective on BankUnited from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, April 4th. Finally, StockNews.com lowered BankUnited from a “hold” rating to a “sell” rating in a research report on Friday, February 16th. Three research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.44.

About BankUnited

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.