Zacks Research Forecasts BankUnited’s Q4 Earnings (NYSE:BKU)

BankUnited, Inc. (NYSE:BKU) – Zacks Research cut their Q4 2024 earnings per share (EPS) estimates for shares of BankUnited in a report issued on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the financial services provider will post earnings per share of $0.67 for the quarter, down from their previous estimate of $0.76. The consensus estimate for BankUnited’s current full-year earnings is $2.85 per share. Zacks Research also issued estimates for BankUnited’s Q1 2025 earnings at $0.72 EPS, Q2 2025 earnings at $0.71 EPS and Q4 2025 earnings at $0.71 EPS.

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

A number of other research analysts also recently weighed in on the stock. Hovde Group increased their price objective on shares of BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. raised their price target on BankUnited from $34.50 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 23rd. 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. Wedbush raised their target price on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Finally, Wells Fargo & Company upgraded shares of BankUnited from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $38.00 to $48.00 in a research note on Wednesday. Two equities 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $37.40.

BankUnited Stock Performance

Shares of NYSE BKU opened at $40.71 on Thursday. The firm’s 50-day moving average price is $36.51 and its 200-day moving average price is $33.60. BankUnited has a 52-week low of $24.34 and a 52-week high of $41.65. The company has a market cap of $3.04 billion, a PE ratio of 16.68 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.

Institutional Trading of BankUnited

Large investors have recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. grew its holdings in shares of 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 purchasing an additional 48,059 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of BankUnited by 3.1% in the 1st quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider’s stock worth $265,542,000 after buying an additional 280,993 shares in the last quarter. Quadrature Capital Ltd increased its holdings in shares of BankUnited by 145.8% in the 1st quarter. Quadrature Capital Ltd now owns 48,984 shares of the financial services provider’s stock worth $1,370,000 after buying an additional 29,058 shares during the last quarter. Caxton Associates LP raised its position in shares of BankUnited by 202.7% during the 1st quarter. Caxton Associates LP now owns 60,570 shares of the financial services provider’s stock valued at $1,696,000 after buying an additional 40,557 shares in the last quarter. Finally, Denali Advisors LLC bought a new position in shares of BankUnited in the 2nd quarter valued at about $799,000. Institutional investors own 99.70% of the company’s stock.

Insider Buying and Selling at BankUnited

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of the business’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.11, for a total value of $421,527.58. Following the sale, the chief operating officer now owns 100,000 shares in the company, valued at $3,911,000. The trade was a 9.73 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.19% of the company’s stock.

BankUnited Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 11th were paid 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 2.85%. BankUnited’s dividend payout ratio (DPR) is presently 47.54%.

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.