BankUnited (NYSE:BKU) Posts Earnings Results, Beats Expectations By $0.59 EPS
BankUnited (NYSE:BKU) released its quarterly earnings data on Wednesday. The financial services provider reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.59, MarketWatch Earnings reports. The business had revenue of $228.69 million during the quarter, compared to the consensus estimate of $217.68 million. BankUnited had a return on equity of 7.54% and a net margin of 15.86%. During the same quarter in the prior year, the company posted $0.81 earnings per share.
Shares of BKU stock traded down $0.87 on Friday, hitting $19.79. 372,716 shares of the stock were exchanged, compared to its average volume of 895,443. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 2.04. The firm has a market capitalization of $1.83 billion, a P/E ratio of 9.61, a price-to-earnings-growth ratio of 8.79 and a beta of 1.31. The business has a 50-day moving average of $19.15 and a 200 day moving average of $23.07. BankUnited has a fifty-two week low of $13.47 and a fifty-two week high of $37.60.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Wednesday, July 15th will be given a dividend of $0.23 per share. The ex-dividend date is Tuesday, July 14th. This represents a $0.92 annualized dividend and a dividend yield of 4.65%. BankUnited’s dividend payout ratio is currently 29.39%.
BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, savings accounts, and certificates of deposit; and treasury management services.
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