BankUnited, Inc. (NYSE:BKU - Free Report) - Stock analysts at Zacks Research boosted their Q3 2024 earnings per share (EPS) estimates for BankUnited in a research note issued to investors on Friday, June 14th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $0.71 for the quarter, up from their prior estimate of $0.70. The consensus estimate for BankUnited's current full-year earnings is $2.80 per share. Zacks Research also issued estimates for BankUnited's Q4 2024 earnings at $0.73 EPS, FY2024 earnings at $2.71 EPS, Q2 2025 earnings at $0.75 EPS, Q4 2025 earnings at $0.80 EPS, FY2025 earnings at $2.99 EPS, Q1 2026 earnings at $0.73 EPS and FY2026 earnings at $3.15 EPS.
BankUnited (NYSE:BKU - Get Free Report) last posted its quarterly earnings results on Wednesday, April 17th. The financial services provider reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.02. BankUnited had a net margin of 8.71% and a return on equity of 8.06%. The company had revenue of $508.35 million for the quarter, compared to analysts' expectations of $239.84 million. During the same quarter in the previous year, the firm posted $0.70 EPS.
Several other brokerages have also recently commented on BKU. Royal Bank of Canada reduced their price objective on shares of BankUnited from $33.00 to $29.00 and set a "sector perform" rating for the company in a research note on Tuesday, April 9th. JPMorgan Chase & Co. reduced their target price on BankUnited from $35.00 to $33.00 and set a "neutral" rating on the stock in a research note on Thursday, April 4th. Keefe, Bruyette & Woods reduced their price target on shares of BankUnited from $33.00 to $31.00 and set a "market perform" rating on the stock in a research report on Thursday, April 18th. Barclays started coverage on shares of BankUnited in a report on Friday, March 8th. They issued an "equal weight" rating and a $29.00 price objective for the company. Finally, StockNews.com upgraded BankUnited from a "sell" rating to a "hold" rating in a report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. According to data from MarketBeat, BankUnited currently has an average rating of "Hold" and an average target price of $30.50.
Read Our Latest Research Report on BankUnited
BankUnited Stock Performance
NYSE:BKU traded up $0.85 on Monday, reaching $27.90. 614,526 shares of the company's stock were exchanged, compared to its average volume of 824,596. The stock has a fifty day simple moving average of $27.85 and a 200-day simple moving average of $28.41. BankUnited has a 52 week low of $20.84 and a 52 week high of $34.22. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market cap of $2.09 billion, a price-to-earnings ratio of 12.03 and a beta of 1.33.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC purchased a new stake in BankUnited during the 1st quarter valued at approximately $57,000. Nisa Investment Advisors LLC lifted its stake in BankUnited by 106.4% in the 4th quarter. Nisa Investment Advisors LLC now owns 3,879 shares of the financial services provider's stock worth $126,000 after purchasing an additional 2,000 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of BankUnited during the 4th quarter valued at about $147,000. PNC Financial Services Group Inc. grew its position in shares of BankUnited by 16.4% during the third quarter. PNC Financial Services Group Inc. now owns 10,173 shares of the financial services provider's stock valued at $231,000 after purchasing an additional 1,434 shares in the last quarter. Finally, Neo Ivy Capital Management bought a new stake in shares of BankUnited in the fourth quarter worth about $238,000. Institutional investors own 99.70% of the company's stock.
Insider Transactions at BankUnited
In related news, Director John N. Digiacomo sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $29.28, for a total transaction of $43,920.00. Following the completion of the transaction, the director now directly owns 13,482 shares in the company, valued at approximately $394,752.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 1.19% of the company's stock.
About BankUnited
(
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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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