BankUnited (BKU) Scheduled to Post Earnings on Tuesday
BankUnited (NYSE:BKU) will be posting its quarterly earnings results before the market opens on Tuesday, January 23rd.
BankUnited (NYSE:BKU) last announced its earnings results on Tuesday, October 31st. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.03. BankUnited had a net margin of 19.82% and a return on equity of 10.23%. The company had revenue of $294.59 million for the quarter, compared to analysts’ expectations of $273.51 million. During the same quarter in the previous year, the company posted $0.47 EPS. On average, analysts expect BankUnited to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Shares of BankUnited (NYSE BKU) opened at $42.95 on Monday. BankUnited has a one year low of $30.37 and a one year high of $43.39. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.86. The stock has a market cap of $4,587.92, a price-to-earnings ratio of 18.05, a price-to-earnings-growth ratio of 1.59 and a beta of 1.09.
Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of BankUnited from a “hold” rating to a “sell” rating in a research note on Tuesday, October 3rd. JMP Securities assumed coverage on shares of BankUnited in a research note on Tuesday, January 9th. They set an “outperform” rating on the stock. Barclays lifted their target price on shares of BankUnited from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 2nd. Deutsche Bank lowered their target price on shares of BankUnited from $42.00 to $40.00 and set a “hold” rating on the stock in a research note on Wednesday, November 8th. Finally, BMO Capital Markets raised shares of BankUnited from a “market perform” rating to an “outperform” rating in a research note on Monday, November 20th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $42.91.
In other news, insider Mark Bagnoli sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $35.88, for a total transaction of $35,880.00. Following the transaction, the insider now owns 19,699 shares of the company’s stock, valued at approximately $706,800.12. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.
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.
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