Q4 Earnings Forecast for BankUnited Issued By Zacks Research

BankUnited, Inc. (NYSE:BKU - Free Report) - Zacks Research dropped their Q4 2024 earnings per share estimates for BankUnited in a research report issued to clients and investors on Tuesday, November 12th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings of $0.67 per share for the quarter, down from their previous estimate of $0.76. The consensus estimate for BankUnited's current full-year earnings is $2.85 per share. Zacks Research also issued estimates for BankUnited's Q1 2025 earnings at $0.72 EPS, Q2 2025 earnings at $0.71 EPS and Q4 2025 earnings at $0.71 EPS.

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

Several other research analysts also recently weighed in on the company. Royal Bank of Canada reiterated a "sector perform" rating and set a $37.00 price target on shares of BankUnited in a research note on Wednesday, October 23rd. Wells Fargo & Company raised BankUnited from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $38.00 to $48.00 in a research note on Wednesday. Citigroup cut their price target 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 raised their target price on shares of BankUnited from $35.00 to $39.00 and gave the stock an "equal weight" rating in a report on Friday, September 27th. Finally, Hovde Group raised their target price on BankUnited from $33.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $37.40.

BankUnited Stock Performance

BKU traded up $0.37 during midday trading on Thursday, reaching $40.67. The company had a trading volume of 611,937 shares, compared to its average volume of 820,180. BankUnited has a 12-month low of $24.34 and a 12-month high of $41.65. The business has a 50-day moving average price of $36.33 and a two-hundred day moving average price of $33.46. The stock has a market cap of $3.04 billion, a PE ratio of 16.53 and a beta of 1.33. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.88 and a current ratio of 0.88.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Verition Fund Management LLC lifted its holdings in shares of BankUnited by 172.5% in the third quarter. Verition Fund Management LLC now owns 26,464 shares of the financial services provider's stock worth $964,000 after buying an additional 16,751 shares in the last quarter. Walleye Capital LLC lifted its stake in shares of BankUnited by 91.3% in the 3rd quarter. Walleye Capital LLC now owns 20,216 shares of the financial services provider's stock valued at $737,000 after purchasing an additional 9,650 shares during the last quarter. BNP Paribas Financial Markets lifted its position in BankUnited by 211.5% in the third quarter. BNP Paribas Financial Markets now owns 59,594 shares of the financial services provider's stock worth $2,172,000 after buying an additional 40,461 shares during the last quarter. FMR LLC raised its holdings in shares of BankUnited by 40.0% in the third quarter. FMR LLC now owns 275,556 shares of the financial services provider's stock worth $10,041,000 after buying an additional 78,753 shares during the period. Finally, Advantage Alpha Capital Partners LP lifted its position in shares of BankUnited by 32.8% during the third quarter. Advantage Alpha Capital Partners LP now owns 14,651 shares of the financial services provider's stock worth $534,000 after purchasing an additional 3,622 shares during the last quarter. Institutional investors own 99.70% of the company's stock.

Insider Activity at BankUnited

In other news, COO Thomas M. Cornish sold 10,778 shares of the firm's stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $39.11, for a total value of $421,527.58. Following the transaction, the chief operating officer now owns 100,000 shares of the company's stock, valued at $3,911,000. This trade represents a 9.73 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.19% of the stock is currently owned by company insiders.

BankUnited Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 11th were given 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 of this dividend was Friday, October 11th. BankUnited's payout ratio is currently 47.54%.

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.