Q4 Earnings Estimate for BankUnited Issued By Zacks Research

BankUnited, Inc. (NYSE:BKU) – Investment analysts at Zacks Research decreased their Q4 2024 earnings per share estimates for shares of BankUnited in a report issued on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings per share of $0.67 for the quarter, down from their previous estimate of $0.76. The consensus estimate for BankUnited’s current full-year earnings is $2.85 per share. Zacks Research also issued estimates for BankUnited’s Q1 2025 earnings at $0.72 EPS, Q2 2025 earnings at $0.71 EPS and Q4 2025 earnings at $0.71 EPS.

A number of other analysts have also commented on BKU. Hovde Group lifted their price target on BankUnited from $33.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $37.00 price target on shares of BankUnited in a report on Wednesday, October 23rd. Citigroup reduced their price target on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Wells Fargo & Company raised shares of BankUnited from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $38.00 to $48.00 in a research report on Wednesday. Finally, Barclays increased their target price on shares of BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $37.40.

BankUnited Price Performance

Shares of NYSE BKU opened at $40.67 on Thursday. The company has a market capitalization of $3.04 billion, a PE ratio of 16.67 and a beta of 1.33. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The stock’s 50 day moving average price is $36.41 and its 200-day moving average price is $33.51. BankUnited has a twelve month low of $24.34 and a twelve month high of $41.65.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. The company had revenue of $515.24 million for the quarter, compared to analyst estimates of $258.65 million. During the same period last year, the firm earned $0.63 earnings per share.

Institutional Trading of BankUnited

A number of large investors have recently modified their holdings of the business. Assenagon Asset Management S.A. lifted its position in BankUnited by 8.2% during the second quarter. Assenagon Asset Management S.A. now owns 632,632 shares of the financial services provider’s stock valued at $18,517,000 after purchasing an additional 48,059 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of BankUnited by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider’s stock worth $265,542,000 after acquiring an additional 280,993 shares during the last quarter. Quadrature Capital Ltd grew its position in BankUnited by 145.8% in the first quarter. Quadrature Capital Ltd now owns 48,984 shares of the financial services provider’s stock worth $1,370,000 after acquiring an additional 29,058 shares in the last quarter. Caxton Associates LP increased its stake in BankUnited by 202.7% in the first quarter. Caxton Associates LP now owns 60,570 shares of the financial services provider’s stock valued at $1,696,000 after acquiring an additional 40,557 shares during the last quarter. Finally, Denali Advisors LLC purchased a new stake in BankUnited during the second quarter valued at about $799,000. Institutional investors own 99.70% of the company’s stock.

Insider Buying and Selling at BankUnited

In related news, COO Thomas M. Cornish sold 10,778 shares of BankUnited stock in a transaction on Friday, November 8th. The stock was sold at an average price of $39.11, for a total transaction of $421,527.58. Following the completion of the sale, the chief operating officer now owns 100,000 shares of the company’s stock, valued at approximately $3,911,000. This trade represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.19% of the company’s stock.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.16 annualized dividend and a yield of 2.85%. BankUnited’s dividend payout ratio is currently 47.54%.

BankUnited Company Profile

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.