$0.86 EPS Expected for BankUnited (BKU) This Quarter

Brokerages predict that BankUnited (NYSE:BKU) will post $0.86 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for BankUnited’s earnings. The lowest EPS estimate is $0.83 and the highest is $0.91. BankUnited posted earnings of $0.62 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 38.7%. The company is scheduled to issue its next quarterly earnings report on Tuesday, October 30th.

According to Zacks, analysts expect that BankUnited will report full-year earnings of $3.33 per share for the current fiscal year, with EPS estimates ranging from $3.25 to $3.40. For the next fiscal year, analysts forecast that the company will post earnings of $3.24 per share, with EPS estimates ranging from $3.03 to $3.38. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow BankUnited.

BankUnited (NYSE:BKU) last released its quarterly earnings results on Tuesday, July 24th. The financial services provider reported $0.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.04. The firm had revenue of $287.24 million during the quarter, compared to analyst estimates of $285.63 million. BankUnited had a return on equity of 11.47% and a net margin of 45.30%. During the same period in the previous year, the company posted $0.60 EPS.

BKU has been the subject of several recent research reports. Morgan Stanley reduced their price target on BankUnited from $48.00 to $46.00 and set an “overweight” rating for the company in a research report on Tuesday, July 31st. Sandler O’Neill set a $47.00 price target on BankUnited and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Finally, ValuEngine lowered BankUnited from a “hold” rating to a “sell” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $43.70.

In related news, COO Thomas M. Cornish sold 10,000 shares of the business’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $40.02, for a total transaction of $400,200.00. Following the transaction, the chief operating officer now directly owns 90,249 shares in the company, valued at approximately $3,611,764.98. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.30% of the stock is owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Metropolitan Life Insurance Co. NY grew its stake in BankUnited by 1,225.1% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 2,796 shares of the financial services provider’s stock worth $114,000 after buying an additional 2,585 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in BankUnited during the 2nd quarter worth $121,000. FTB Advisors Inc. purchased a new position in BankUnited during the 2nd quarter worth $123,000. Fox Run Management L.L.C. purchased a new position in BankUnited during the 2nd quarter worth $223,000. Finally, Bristol John W & Co. Inc. NY purchased a new position in BankUnited during the 1st quarter worth $235,000. Hedge funds and other institutional investors own 94.71% of the company’s stock.

Shares of BKU traded up $0.07 during trading hours on Friday, hitting $36.67. The company had a trading volume of 2,023 shares, compared to its average volume of 1,074,567. The firm has a market cap of $3.92 billion, a price-to-earnings ratio of 13.82, a PEG ratio of 1.26 and a beta of 0.96. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.64. BankUnited has a one year low of $32.34 and a one year high of $44.97.

BankUnited Company Profile

BankUnited, Inc operates as the bank holding company for BankUnited, National Association that provides a range of banking services to small and medium sized businesses, and individual and corporate customers in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts, as well as certificates of deposit; and treasury management services.

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Earnings History and Estimates for BankUnited (NYSE:BKU)

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