BankUnited, Inc. (NYSE:BKU) released its quarterly earnings data on Tuesday. The financial services provider reported $0.62 EPS for the quarter, topping the consensus estimate of $0.59 by $0.03, Briefing.com reports. The company had revenue of $294.59 million for the quarter, compared to the consensus estimate of $273.51 million. BankUnited had a return on equity of 9.81% and a net margin of 19.54%. During the same period last year, the business posted $0.47 EPS.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Stockholders of record on Monday, October 16th were given a $0.21 dividend. The ex-dividend date was Friday, October 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.41%. BankUnited’s payout ratio is 37.67%.

In related news, insider Jeffrey Starr sold 7,445 shares of the stock in a transaction on Friday, August 4th. The stock was sold at an average price of $35.08, for a total value of $261,170.60. Following the transaction, the insider now owns 29,000 shares of the company’s stock, valued at $1,017,320. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman John Adam Kanas sold 78,190 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $33.18, for a total value of $2,594,344.20. Following the completion of the transaction, the chairman now directly owns 565,076 shares in the company, valued at approximately $18,749,221.68. The disclosure for this sale can be found here. Corporate insiders own 5.10% of the company’s stock.

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Several research analysts have commented on the company. J P Morgan Chase & Co downgraded BankUnited from a “neutral” rating to an “underweight” rating and set a $35.00 price objective on the stock. in a report on Wednesday. BidaskClub downgraded BankUnited from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 22nd. Barclays PLC restated an “overweight” rating and set a $41.00 price objective (up from $38.00) on shares of BankUnited in a report on Wednesday, July 12th. BMO Capital Markets restated a “hold” rating and set a $40.00 price objective on shares of BankUnited in a report on Friday, July 7th. Finally, ValuEngine upgraded BankUnited from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $40.45.

About BankUnited

BankUnited, Inc is the bank holding company of BankUnited (the Bank). The bank is a national banking association. As of December 31, 2016, the Bank provided a range of banking services to individual and corporate customers through 94 banking centers located in 15 Florida counties and six banking centers in the New York metropolitan area.

Earnings History for BankUnited (NYSE:BKU)

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