BankUnited (BKU) Set to Announce Earnings on Thursday

BankUnited (NYSE:BKU) will be releasing its earnings data before the market opens on Thursday, July 18th. Analysts expect BankUnited to post earnings of $0.66 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.02. The business had revenue of $508.35 million for the quarter, compared to analyst estimates of $239.84 million. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. During the same quarter last year, the firm earned $0.70 EPS. On average, analysts expect BankUnited to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

BankUnited Stock Performance

BankUnited stock opened at $34.32 on Wednesday. BankUnited has a 1-year low of $20.84 and a 1-year high of $34.40. The firm has a market cap of $2.57 billion, a P/E ratio of 14.79 and a beta of 1.35. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.48. The firm has a 50-day moving average of $28.92 and a 200-day moving average of $28.15.

BankUnited Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 31st. Investors of record on Friday, July 12th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, July 12th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.38%. BankUnited’s dividend payout ratio is presently 50.00%.

Wall Street Analyst Weigh In

BKU has been the subject of several research analyst reports. Keefe, Bruyette & Woods dropped their target price on shares of BankUnited from $33.00 to $31.00 and set a “market perform” rating for the company in a research report on Thursday, April 18th. Royal Bank of Canada increased their target price on BankUnited from $29.00 to $31.00 and gave the stock a “sector perform” rating in a research report on Tuesday, July 9th. JPMorgan Chase & Co. lifted their price target on BankUnited from $33.00 to $34.50 and gave the company a “neutral” rating in a research report on Thursday, June 27th. StockNews.com upgraded BankUnited from a “sell” rating to a “hold” rating in a report on Monday, April 29th. Finally, Wells Fargo & Company upped their target price on shares of BankUnited from $28.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 9th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. According to MarketBeat, BankUnited currently has a consensus rating of “Hold” and an average price target of $31.35.

Insider Activity at BankUnited

In other BankUnited news, Director John N. Digiacomo sold 1,500 shares of BankUnited stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $29.28, for a total value of $43,920.00. Following the completion of the sale, the director now owns 13,482 shares of the company’s stock, valued at approximately $394,752.96. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.19% of the stock is currently owned by insiders.

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.