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%.

A number of research firms recently commented on BKU. Bank of America upgraded BankUnited from a “neutral” rating to a “buy” rating and upped their price objective for the company from $24.00 to $30.00 in a report on Monday, June 8th. Piper Sandler raised BankUnited from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $22.00 to $27.00 in a research note on Thursday. Royal Bank of Canada reissued a “buy” rating and issued a $25.00 target price on shares of BankUnited in a research note on Thursday. Wedbush boosted their target price on BankUnited from $19.00 to $21.00 and gave the company a “neutral” rating in a research note on Thursday. Finally, Compass Point decreased their target price on BankUnited from $22.00 to $19.00 and set a “neutral” rating for the company in a research note on Wednesday, May 13th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $28.83.

About BankUnited

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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Earnings History for BankUnited (NYSE:BKU)

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