Q4 Earnings Estimate for BankUnited Issued By Zacks Research

BankUnited, Inc. (NYSE:BKU) – Stock analysts at Zacks Research reduced their Q4 2024 EPS estimates for shares of BankUnited in a research 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.

Several other research analysts also recently commented on BKU. JPMorgan Chase & Co. raised their price target on shares of BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Wedbush upped their price objective on shares of BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Citigroup dropped their price objective on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, September 11th. Barclays lifted their price target on BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Finally, Wells Fargo & Company raised BankUnited from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $38.00 to $48.00 in a report on Wednesday. Two 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 MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $37.40.

BankUnited Stock Up 1.3 %

BankUnited stock opened at $40.29 on Thursday. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 16.51 and a beta of 1.33. The firm has a 50 day simple moving average of $36.33 and a 200 day simple moving average of $33.46. BankUnited has a 1-year low of $23.83 and a 1-year high of $41.65. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28.

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

Institutional Investors Weigh In On BankUnited

Hedge funds and other institutional investors have recently made changes to their positions in the business. CWM LLC lifted its position in BankUnited by 307.6% during the second quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,455 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of BankUnited in the first quarter worth $57,000. Meeder Asset Management Inc. bought a new stake in shares of BankUnited during the 2nd quarter valued at $74,000. GAMMA Investing LLC raised its position in shares of BankUnited by 17.4% during the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock valued at $169,000 after purchasing an additional 686 shares during the period. Finally, SG Americas Securities LLC bought a new position in BankUnited in the 3rd quarter worth $181,000. Hedge funds and other institutional investors own 99.70% of the company’s stock.

Insider Buying and Selling

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of the company’s stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.11, for a total transaction of $421,527.58. Following the transaction, the chief operating officer now owns 100,000 shares in the company, valued at approximately $3,911,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.19% of the stock is owned by corporate insiders.

BankUnited Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were given a dividend of $0.29 per share. The ex-dividend date was Friday, October 11th. This represents a $1.16 annualized dividend and a dividend yield of 2.88%. 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.