BankUnited, Inc. (BKU) to Issue Quarterly Dividend of $0.31 on January 30th

BankUnited, Inc. (NYSE:BKU) declared a quarterly dividend on Tuesday, December 23rd. Shareholders of record on Friday, January 9th will be paid a dividend of 0.31 per share by the financial services provider on Friday, January 30th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Friday, January 9th.

BankUnited has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. BankUnited has a payout ratio of 35.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect BankUnited to earn $3.41 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 36.4%.

BankUnited Stock Up 0.3%

Shares of NYSE:BKU opened at $45.22 on Thursday. The firm has a 50 day simple moving average of $41.71 and a 200-day simple moving average of $38.93. BankUnited has a twelve month low of $28.21 and a twelve month high of $46.92. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.69. The company has a market capitalization of $3.40 billion, a PE ratio of 12.74 and a beta of 1.34.

BankUnited (NYSE:BKU) last posted its earnings results on Wednesday, October 22nd. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.11. BankUnited had a net margin of 13.98% and a return on equity of 9.18%. The firm had revenue of $275.68 million for the quarter, compared to the consensus estimate of $280.33 million. During the same period last year, the firm posted $0.81 EPS. The company’s revenue was down 7.1% on a year-over-year basis. On average, equities analysts predict that BankUnited will post 3.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Strs Ohio acquired a new stake in BankUnited in the first quarter valued at about $28,000. Salomon & Ludwin LLC acquired a new stake in shares of BankUnited in the 3rd quarter valued at approximately $34,000. Quarry LP lifted its holdings in shares of BankUnited by 158.2% in the 3rd quarter. Quarry LP now owns 940 shares of the financial services provider’s stock valued at $36,000 after buying an additional 576 shares during the period. Bayforest Capital Ltd boosted its stake in shares of BankUnited by 32.3% in the second quarter. Bayforest Capital Ltd now owns 1,111 shares of the financial services provider’s stock valued at $40,000 after buying an additional 271 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in BankUnited by 202.0% during the third quarter. Hantz Financial Services Inc. now owns 1,217 shares of the financial services provider’s stock worth $46,000 after acquiring an additional 814 shares during the period. 99.70% of the stock is owned by hedge funds and other institutional investors.

About BankUnited

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.