BankUnited, Inc. (NYSE:BKU – Get Ranking) – Equities researchers at Wedbush lifted their Q1 2023 EPS estimates for BankUnited in a report launched on Friday, January twentieth. Wedbush analyst D. Chiaverini now anticipates that the monetary providers supplier will publish earnings of $1.14 per share for the quarter, up from their prior estimate of $1.12. The consensus estimate for BankUnited’s present full-year earnings is $4.10 per share. Wedbush additionally issued estimates for BankUnited’s Q2 2023 earnings at $1.14 EPS, Q3 2023 earnings at $1.13 EPS, This autumn 2023 earnings at $1.03 EPS and FY2024 earnings at $4.50 EPS.
Quite a lot of different analysts have additionally weighed in on BKU. Compass Level lowered their value goal on shares of BankUnited to $40.00 in a analysis be aware on Thursday, October twentieth. Wells Fargo & Firm lowered shares of BankUnited from an “chubby” ranking to an “equal weight” ranking and lowered their value goal for the inventory from $45.00 to $38.00 in a analysis be aware on Thursday, December fifteenth. StockNews.com started protection on shares of BankUnited in a analysis be aware on Wednesday, October twelfth. They issued a “maintain” ranking for the corporate. Lastly, JPMorgan Chase & Co. lowered their value goal on shares of BankUnited from $35.00 to $32.00 and set an “underweight” ranking for the corporate in a analysis be aware on Tuesday, December thirteenth. Three analysts have rated the inventory with a promote ranking and three have assigned a maintain ranking to the corporate. In line with MarketBeat.com, the corporate has a consensus ranking of “Maintain” and a mean value goal of $41.29.
BankUnited Inventory Up 5.2 %
Shares of BKU opened at $35.15 on Monday. BankUnited has a 12-month low of $30.75 and a 12-month excessive of $45.86. The agency has a fifty day transferring common value of $34.80 and a 200-day transferring common value of $36.14. The agency has a market capitalization of $2.72 billion, a P/E ratio of 9.90 and a beta of 1.19. The corporate has a present ratio of 0.89, a fast ratio of 0.89 and a debt-to-equity ratio of two.22.
BankUnited (NYSE:BKU – Get Ranking) final issued its earnings outcomes on Thursday, October twentieth. The monetary providers supplier reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.11. The agency had income of $258.91 million in the course of the quarter, in comparison with analyst estimates of $260.05 million. BankUnited had a web margin of 21.78% and a return on fairness of 11.08%. Throughout the identical interval within the earlier 12 months, the agency earned $0.94 earnings per share.
BankUnited Broadcasts Dividend
The corporate additionally not too long ago introduced a quarterly dividend, which shall be paid on Tuesday, January thirty first. Shareholders of file on Friday, January thirteenth shall be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January twelfth. This represents a $1.00 dividend on an annualized foundation and a yield of two.84%. BankUnited’s dividend payout ratio is presently 28.17%.
Insiders Place Their Bets
In different information, Director A. Gail Prudenti bought 4,500 shares of the corporate’s inventory in a transaction dated Thursday, November tenth. The shares have been bought at a mean value of $37.26, for a complete transaction of $167,670.00. Following the transaction, the director now owns 9,729 shares within the firm, valued at $362,502.54. The transaction was disclosed in a submitting with the SEC, which is accessible by way of this hyperlink. 0.91% of the inventory is presently owned by company insiders.
Hedge Funds Weigh In On BankUnited
Hedge funds have not too long ago modified their holdings of the inventory. Infini Capital Administration Ltd acquired a brand new place in shares of BankUnited in the course of the second quarter valued at about $71,000. Eagle Bay Advisors LLC boosted its place in BankUnited by 73.8% within the second quarter. Eagle Bay Advisors LLC now owns 2,496 shares of the monetary providers supplier’s inventory valued at $89,000 after shopping for a further 1,060 shares over the past quarter. Convergence Funding Companions LLC bought a brand new stake in BankUnited within the second quarter valued at roughly $128,000. US Bancorp DE boosted its place in BankUnited by 347.0% within the first quarter. US Bancorp DE now owns 3,558 shares of the monetary providers supplier’s inventory valued at $157,000 after shopping for a further 2,762 shares over the past quarter. Lastly, Centiva Capital LP bought a brand new stake in BankUnited within the second quarter valued at roughly $200,000.
BankUnited Firm Profile
BankUnited, Inc is a holding firm, which engages within the provision of business and client banking providers by way of its subsidiary, BankUnited, N.A.. Its providers embody company banking, industrial actual property, treasury administration, enterprise checking accounts, enterprise on-line banking options, and residential mortgages.
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