FY2024 EPS Estimates for BankUnited Cut by Zacks Research

BankUnited, Inc. (NYSE:BKU) – Equities research analysts at Zacks Research dropped their FY2024 earnings estimates for shares of BankUnited in a report issued on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $2.84 per share for the year, down from their previous estimate of $2.85. The consensus estimate for BankUnited’s current full-year earnings is $2.85 per share. Zacks Research also issued estimates for BankUnited’s Q3 2025 earnings at $0.78 EPS, FY2025 earnings at $2.92 EPS, Q1 2026 earnings at $0.76 EPS, Q2 2026 earnings at $0.76 EPS, Q3 2026 earnings at $0.77 EPS and FY2026 earnings at $2.97 EPS.

Other equities research analysts have also recently issued reports about the company. Hovde Group raised their target price on BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. JPMorgan Chase & Co. boosted their target price on shares of BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Citigroup dropped their price target on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a $37.00 price objective on shares of BankUnited in a research report on Wednesday, October 23rd. Finally, Barclays raised their target price on BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, BankUnited currently has an average rating of “Hold” and an average price target of $37.40.

BankUnited Trading Up 0.1 %

NYSE:BKU opened at $40.71 on Friday. The firm has a market capitalization of $3.04 billion, a P/E ratio of 16.68 and a beta of 1.33. The business has a 50 day simple moving average of $36.51 and a 200 day simple moving average of $33.60. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88. BankUnited has a 12-month low of $24.34 and a 12-month high of $41.65.

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

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were paid a dividend of $0.29 per share. The ex-dividend date was Friday, October 11th. This represents a $1.16 annualized dividend and a yield of 2.85%. BankUnited’s dividend payout ratio is currently 47.54%.

Insider Activity at BankUnited

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of the company’s stock in a transaction on 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 approximately $3,911,000. This 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 accessible through this hyperlink. Company insiders own 1.19% of the company’s stock.

Institutional Investors Weigh In On BankUnited

Institutional investors and hedge funds have recently modified their holdings of the stock. CWM LLC raised its holdings in BankUnited by 307.6% during the 2nd quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock worth $56,000 after buying an additional 1,455 shares during the period. Headlands Technologies LLC acquired a new stake in shares of BankUnited during the first quarter valued at approximately $57,000. Meeder Asset Management Inc. purchased a new stake in shares of BankUnited in the 2nd quarter valued at approximately $74,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of BankUnited in the 2nd quarter valued at approximately $169,000. Finally, GAMMA Investing LLC grew its position in BankUnited by 17.4% during the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock worth $169,000 after purchasing an additional 686 shares in the last quarter. 99.70% of the stock is owned by institutional investors and hedge funds.

About BankUnited

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.