BankUnited, Inc. (NYSE:BKU – Free Report) – Stock analysts at Zacks Research increased their FY2026 earnings estimates for BankUnited in a research note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now forecasts that the financial services provider will post earnings of $2.98 per share for the year, up from their prior forecast of $2.97. The consensus estimate for BankUnited’s current full-year earnings is $2.89 per share.
Other analysts have also issued reports about the stock. 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 report on Wednesday, September 11th. Wedbush upped their target price on shares of BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Tuesday, September 24th. Wells Fargo & Company upgraded BankUnited from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $38.00 to $48.00 in a research note on Wednesday, November 13th. Barclays raised their price objective on BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $37.00 target price on shares of BankUnited in a report on Wednesday, October 23rd. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, BankUnited currently has a consensus rating of “Hold” and an average target price of $37.40.
BankUnited Trading Up 1.1 %
Shares of BankUnited stock opened at $43.20 on Monday. The stock has a market cap of $3.23 billion, a P/E ratio of 17.70 and a beta of 1.33. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. BankUnited has a 12-month low of $24.34 and a 12-month high of $44.45. The business’s 50 day moving average is $37.12 and its 200-day moving average is $34.15.
BankUnited (NYSE:BKU – Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The financial services provider reported $0.81 EPS for the quarter, topping 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 net margin of 9.06% and a return on equity of 8.09%. During the same period in the prior year, the business posted $0.63 EPS.
BankUnited Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 11th were given a $0.29 dividend. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.69%. BankUnited’s payout ratio is 47.54%.
Insider Activity at BankUnited
In other BankUnited news, insider Jay D. Richards sold 2,500 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total transaction of $102,950.00. Following the sale, the insider now directly owns 34,687 shares in the company, valued at $1,428,410.66. This represents a 6.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Thomas M. Cornish sold 10,778 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.11, for a total transaction of $421,527.58. Following the completion of the transaction, the chief operating officer now owns 100,000 shares of the company’s stock, valued at $3,911,000. The trade was a 9.73 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On BankUnited
A number of large investors have recently modified their holdings of the business. Assenagon Asset Management S.A. grew its position in BankUnited by 8.2% in the second quarter. Assenagon Asset Management S.A. now owns 632,632 shares of the financial services provider’s stock valued at $18,517,000 after acquiring an additional 48,059 shares during the last quarter. Vanguard Group Inc. increased its position in BankUnited by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider’s stock worth $265,542,000 after purchasing an additional 280,993 shares in the last quarter. Caxton Associates LP lifted its stake in BankUnited by 202.7% in the 1st quarter. Caxton Associates LP now owns 60,570 shares of the financial services provider’s stock valued at $1,696,000 after purchasing an additional 40,557 shares during the last quarter. Denali Advisors LLC acquired a new stake in BankUnited in the second quarter valued at approximately $799,000. Finally, Alpha DNA Investment Management LLC bought a new stake in shares of BankUnited during the third quarter worth $443,000. Institutional investors and hedge funds own 99.70% of the company’s stock.
BankUnited Company Profile
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.
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