BankUnited, Inc. (NYSE:BKU) Plans $0.33 Quarterly Dividend

BankUnited, Inc. (NYSE:BKU) declared a quarterly dividend on Wednesday, June 24th. Stockholders of record on Friday, July 10th will be paid a dividend of 0.33 per share by the financial services provider on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, July 10th.

BankUnited has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. BankUnited has a dividend payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings. Analysts expect BankUnited to earn $4.71 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 28.0%.

BankUnited Stock Performance

NYSE BKU opened at $50.41 on Thursday. The firm has a 50-day moving average of $46.98 and a 200-day moving average of $46.59. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $3.66 billion, a PE ratio of 14.04 and a beta of 1.17. BankUnited has a 52-week low of $34.50 and a 52-week high of $52.11.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Wednesday, April 22nd. The financial services provider reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.14). The company had revenue of $273.69 million during the quarter, compared to analyst estimates of $284.57 million. BankUnited had a net margin of 14.46% and a return on equity of 9.11%. During the same quarter last year, the company posted $0.78 EPS. On average, sell-side analysts anticipate that BankUnited will post 4.16 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Cantor Fitzgerald upped their target price on BankUnited from $51.00 to $56.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Citigroup dropped their price target on BankUnited from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Raymond James Financial restated an “outperform” rating on shares of BankUnited in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods decreased their price objective on BankUnited from $55.00 to $50.00 and set a “market perform” rating on the stock in a report on Thursday, April 23rd. Finally, Zacks Research upgraded BankUnited from a “hold” rating to a “strong-buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $53.27.

BankUnited Company Profile

BankUnited, Inc is a bank holding company based in Miami Lakes, Florida, operating through its subsidiary BankUnited, National Association. The company provides a broad range of commercial banking products and services, including deposit accounts, commercial lending and treasury management. It serves middle-market and small-business clients, offering tailored financing solutions across a variety of industry sectors.

The bank’s lending portfolio includes commercial and industrial loans, commercial real estate loans and construction financing, as well as residential mortgage lending.