BankUnited (BKU) to Release Quarterly Earnings on Wednesday

BankUnited (NYSE:BKU - Get Free Report) is anticipated to announce its earnings results before the market opens on Wednesday, January 22nd. Analysts expect the company to announce earnings of $0.69 per share and revenue of $261,075.55 billion for the quarter.

BankUnited (NYSE:BKU - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.74 by $0.07. The business had revenue of $515.24 million for the quarter, compared to analyst estimates of $258.65 million. BankUnited had a return on equity of 8.09% and a net margin of 9.06%. During the same period in the previous year, the company earned $0.63 earnings per share. On average, analysts expect BankUnited to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

BankUnited Stock Up 2.8 %

Shares of NYSE:BKU traded up $1.08 during midday trading on Wednesday, reaching $39.73. The company had a trading volume of 1,105,655 shares, compared to its average volume of 829,939. The stock has a market capitalization of $2.97 billion, a P/E ratio of 16.28 and a beta of 1.38. The stock's fifty day moving average price is $39.97 and its 200-day moving average price is $37.08. 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 one year low of $24.34 and a one year high of $44.45.

BankUnited Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 10th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Friday, January 10th. BankUnited's payout ratio is currently 47.54%.

Insider Buying and Selling at BankUnited

In other BankUnited 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 sale, the chief operating officer now owns 100,000 shares of the company's stock, valued at $3,911,000. The trade was a 9.73 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jay D. Richards sold 2,500 shares of the business's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total value of $102,950.00. Following the transaction, the insider now owns 34,687 shares of the company's stock, valued at $1,428,410.66. This trade represents a 6.72 % decrease in their position. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on BKU shares. The Goldman Sachs Group lifted their price target on BankUnited from $36.00 to $42.00 and gave the stock a "sell" rating in a research note on Tuesday, November 26th. Compass Point upped their price target on BankUnited from $42.00 to $49.00 and gave the company a "buy" rating in a research report on Tuesday, December 10th. Barclays reduced their price objective on BankUnited from $45.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Friday, December 20th. Keefe, Bruyette & Woods increased their target price on shares of BankUnited from $38.00 to $45.00 and gave the stock a "market perform" rating in a report on Wednesday, December 4th. Finally, Wedbush lifted their price target on shares of BankUnited from $39.00 to $40.00 and gave the company a "neutral" rating in a report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, BankUnited presently has a consensus rating of "Hold" and a consensus target price of $42.60.

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.

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