FY2024 EPS Estimate for BankUnited Decreased by Analyst

BankUnited, Inc. (NYSE:BKU) – Equities research analysts at Zacks Research decreased their FY2024 earnings per share estimates for shares of BankUnited in a note issued to investors on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the financial services provider will earn $2.84 per share for the year, down from their prior estimate of $2.85. The consensus estimate for BankUnited’s current full-year earnings is $2.85 per share. Zacks Research also issued estimates for BankUnited’s Q3 2025 earnings at $0.78 EPS, FY2025 earnings at $2.92 EPS, Q1 2026 earnings at $0.76 EPS, Q2 2026 earnings at $0.76 EPS, Q3 2026 earnings at $0.77 EPS and FY2026 earnings at $2.97 EPS.

Several other analysts have also recently commented on the company. Hovde Group lifted their price target on BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Wedbush boosted their target price on shares of BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Barclays increased their price target on shares of BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Citigroup dropped their price objective on BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, September 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.00 target price on shares of BankUnited in a report on Wednesday, October 23rd. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $37.40.

BankUnited Price Performance

Shares of NYSE:BKU opened at $40.71 on Friday. The business has a fifty day simple moving average of $36.51 and a 200-day simple moving average of $33.60. BankUnited has a 52 week low of $24.34 and a 52 week high of $41.65. The company has a market cap of $3.04 billion, a P/E ratio of 16.68 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.

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

BankUnited Dividend Announcement

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

Insider Activity

In other news, COO Thomas M. Cornish sold 10,778 shares of the firm’s stock in a transaction dated 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 directly owns 100,000 shares in the company, valued at $3,911,000. This trade represents a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.19% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of BKU. Barclays PLC increased its stake in shares of BankUnited by 48.3% in the third quarter. Barclays PLC now owns 183,240 shares of the financial services provider’s stock worth $6,677,000 after buying an additional 59,644 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of BankUnited by 8.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 74,966 shares of the financial services provider’s stock worth $2,732,000 after purchasing an additional 6,087 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of BankUnited in the 3rd quarter worth about $1,261,000. MML Investors Services LLC acquired a new stake in shares of BankUnited in the 3rd quarter valued at about $347,000. Finally, XTX Topco Ltd bought a new position in shares of BankUnited during the third quarter worth about $315,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

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.