Wedbush Has Negative Estimate for BankUnited Q4 Earnings

BankUnited, Inc. (NYSE:BKU - Free Report) - Stock analysts at Wedbush decreased their Q4 2024 earnings per share (EPS) estimates for shares of BankUnited in a note issued to investors on Wednesday, October 23rd. Wedbush analyst D. Chiaverini now anticipates that the financial services provider will post earnings per share of $0.66 for the quarter, down from their prior estimate of $0.76. Wedbush has a "Neutral" rating and a $40.00 price objective on the stock. The consensus estimate for BankUnited's current full-year earnings is $2.86 per share. Wedbush also issued estimates for BankUnited's Q1 2025 earnings at $0.70 EPS and Q2 2025 earnings at $0.69 EPS.

BankUnited (NYSE:BKU - Get Free Report) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.07. The firm had revenue of $515.24 million for the quarter, compared to analysts' expectations of $258.65 million. BankUnited had a net margin of 8.41% and a return on equity of 7.76%. During the same period in the previous year, the company earned $0.63 earnings per share.

Several other equities research analysts have also recently weighed in on the company. Hovde Group upped their price target on BankUnited from $33.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, July 19th. JPMorgan Chase & Co. raised their target price on BankUnited from $34.50 to $41.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 23rd. Royal Bank of Canada reissued a "sector perform" rating and issued a $37.00 target price on shares of BankUnited in a report on Wednesday. Barclays upped their price target on shares of BankUnited from $35.00 to $39.00 and gave the company an "equal weight" rating in a research note on Friday, September 27th. Finally, Citigroup lowered their price target on BankUnited from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $36.40.

BankUnited Price Performance

NYSE:BKU traded down $0.80 during midday trading on Friday, hitting $34.61. The company had a trading volume of 1,036,697 shares, compared to its average volume of 815,205. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $2.59 billion, a PE ratio of 15.38 and a beta of 1.33. The stock's fifty day moving average price is $36.45 and its 200-day moving average price is $32.36. BankUnited has a 52-week low of $21.13 and a 52-week high of $39.51.

Institutional Investors Weigh In On BankUnited

A number of hedge funds have recently bought and sold shares of BKU. WINTON GROUP Ltd raised its holdings in BankUnited by 0.9% during the second quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider's stock worth $1,012,000 after purchasing an additional 303 shares in the last quarter. Arizona State Retirement System increased its holdings in BankUnited by 1.9% in the second quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider's stock valued at $609,000 after buying an additional 379 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of BankUnited by 1.0% during the 2nd quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider's stock valued at $1,405,000 after acquiring an additional 497 shares during the period. GAMMA Investing LLC increased its stake in BankUnited by 17.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider's stock valued at $169,000 after purchasing an additional 686 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in BankUnited by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the financial services provider's stock worth $1,101,000 after purchasing an additional 800 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company's stock.

Insiders Place Their Bets

In other BankUnited news, Director William S. Rubenstein sold 7,864 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total transaction of $303,314.48. Following the transaction, the director now directly owns 10,282 shares of the company's stock, valued at $396,576.74. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.19% of the company's stock.

BankUnited Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 11th will be given a $0.29 dividend. The ex-dividend date is Friday, October 11th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.35%. BankUnited's payout ratio is 50.00%.

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.