BankUnited, Inc. (NYSE:BKU – Free Report) – Zacks Research increased their FY2026 earnings estimates for shares of BankUnited in a note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $2.98 per share for the year, up from their prior forecast of $2.97. The consensus estimate for BankUnited’s current full-year earnings is $2.89 per share.
A number of other equities research analysts have also weighed in on BKU. Barclays upped their target price on shares of BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Wedbush increased their price objective on shares of BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. The Goldman Sachs Group increased their price objective on shares of BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a research note on Tuesday. Citigroup decreased their price objective on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.00 price objective on shares of BankUnited in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, BankUnited presently has an average rating of “Hold” and a consensus price target of $38.70.
BankUnited Trading Down 1.2 %
BKU opened at $42.68 on Monday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88. BankUnited has a fifty-two week low of $24.34 and a fifty-two week high of $44.45. The firm has a market capitalization of $3.19 billion, a PE ratio of 17.67 and a beta of 1.33. The company’s 50-day moving average is $37.26 and its 200 day moving average is $34.25.
BankUnited (NYSE:BKU – Get Free Report) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share for the quarter, topping 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 quarter in the prior year, the business posted $0.63 EPS.
BankUnited Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 11th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, October 11th. BankUnited’s dividend payout ratio is currently 47.54%.
Insider Activity
In related news, COO Thomas M. Cornish sold 10,778 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.11, for a total value of $421,527.58. Following the completion of the transaction, the chief operating officer now directly owns 100,000 shares of the company’s stock, valued at approximately $3,911,000. This trade represents a 9.73 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jay D. Richards sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total transaction of $102,950.00. Following the completion of the transaction, the insider now directly owns 34,687 shares of the company’s stock, valued at approximately $1,428,410.66. This trade represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.19% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of BKU. Vanguard Group Inc. boosted its holdings in BankUnited by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider’s stock worth $265,542,000 after buying an additional 280,993 shares during the period. CANADA LIFE ASSURANCE Co boosted its holdings in BankUnited by 3.9% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 76,760 shares of the financial services provider’s stock worth $2,147,000 after buying an additional 2,899 shares during the period. Caxton Associates LP boosted its holdings in BankUnited by 202.7% in the 1st quarter. Caxton Associates LP now owns 60,570 shares of the financial services provider’s stock worth $1,696,000 after buying an additional 40,557 shares during the period. EMC Capital Management bought a new position in BankUnited in the 1st quarter valued at $278,000. Finally, CWM LLC boosted its holdings in BankUnited by 307.6% in the 2nd quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,455 shares during the period. 99.70% of the stock is owned by institutional investors.
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.
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