Zacks Research Forecasts Reduced Earnings for BankUnited

BankUnited, Inc. (NYSE:BKU - Free Report) - Stock analysts at Zacks Research reduced their FY2024 earnings estimates for shares of BankUnited in a research note issued 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.

BankUnited (NYSE:BKU - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate 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 net margin of 9.06% and a return on equity of 8.09%. During the same period in the prior year, the firm posted $0.63 EPS.

Other research analysts have also issued reports about the stock. Wells Fargo & Company upgraded shares of BankUnited from an "equal weight" rating to an "overweight" rating and increased their price objective for the stock from $38.00 to $48.00 in a report on Wednesday. Citigroup dropped their target price on shares of BankUnited from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Wednesday, September 11th. Barclays increased their target price on shares of BankUnited from $35.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Friday, September 27th. Royal Bank of Canada reissued a "sector perform" rating and set a $37.00 target price on shares of BankUnited in a research report on Wednesday, October 23rd. Finally, Hovde Group increased their target price on shares of BankUnited from $33.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, July 19th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, BankUnited presently has an average rating of "Hold" and an average price target of $37.40.

BankUnited Trading Up 0.1 %

Shares of BKU stock traded up $0.04 during trading hours on Friday, hitting $40.71. 972,716 shares of the company were exchanged, compared to its average volume of 820,869. The firm has a market cap of $3.04 billion, a PE ratio of 16.68 and a beta of 1.33. BankUnited has a 1 year low of $24.34 and a 1 year high of $41.65. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The firm has a fifty day moving average of $36.51 and a 200 day moving average of $33.60.

Hedge Funds Weigh In On BankUnited

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in BankUnited by 3.1% during the first quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider's stock worth $265,542,000 after purchasing an additional 280,993 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in BankUnited by 7.4% during the second quarter. Dimensional Fund Advisors LP now owns 4,583,059 shares of the financial services provider's stock worth $134,144,000 after purchasing an additional 315,872 shares during the last quarter. Millennium Management LLC lifted its stake in BankUnited by 49.2% during the second quarter. Millennium Management LLC now owns 2,247,271 shares of the financial services provider's stock worth $65,778,000 after purchasing an additional 740,896 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in BankUnited by 37.3% during the third quarter. Assenagon Asset Management S.A. now owns 868,806 shares of the financial services provider's stock worth $31,659,000 after purchasing an additional 236,174 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. lifted its stake in BankUnited by 6.4% in the third quarter. Jacobs Levy Equity Management Inc. now owns 663,084 shares of the financial services provider's stock valued at $24,163,000 after buying an additional 39,797 shares during the last quarter. 99.70% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, COO Thomas M. Cornish sold 10,778 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 100,000 shares in the company, valued at approximately $3,911,000. This represents a 9.73 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.19% of the company's stock.

BankUnited Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 11th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.85%. The ex-dividend date was Friday, October 11th. BankUnited's dividend payout ratio (DPR) is currently 47.54%.

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.