What is Wedbush’s Forecast for BankUnited Q4 Earnings?

BankUnited, Inc. (NYSE:BKU) – Research analysts at Wedbush decreased their Q4 2024 earnings estimates for BankUnited in a research report issued on Wednesday, October 23rd. Wedbush analyst D. Chiaverini now forecasts that the financial services provider will post earnings of $0.66 per share for the quarter, down from their prior forecast of $0.76. Wedbush currently has a “Neutral” rating and a $40.00 target price on the stock. The consensus estimate for BankUnited’s current full-year earnings is $2.86 per share. Wedbush also issued estimates for BankUnited’s Q1 2025 earnings at $0.70 EPS and Q2 2025 earnings at $0.69 EPS.

BKU has been the subject of a number of other reports. Hovde Group boosted their target price 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. boosted their target price on shares of BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Wells Fargo & Company upped their price objective on shares of BankUnited from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 1st. Barclays upped their price objective on shares of BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.00 price objective on shares of BankUnited in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, BankUnited currently has an average rating of “Hold” and an average target price of $36.40.

BankUnited Trading Down 2.3 %

NYSE BKU opened at $34.61 on Friday. The company has a market capitalization of $2.59 billion, a PE ratio of 14.92 and a beta of 1.33. The company has a fifty day moving average of $36.41 and a 200 day moving average of $32.41. BankUnited has a 1 year low of $21.13 and a 1 year high of $39.51. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.87 and a quick ratio of 0.87.

BankUnited (NYSE:BKU) last posted its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, beating 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 8.41% and a return on equity of 7.76%. During the same period in the previous year, the firm posted $0.63 earnings per share.

BankUnited Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 11th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Friday, October 11th. This represents a $1.16 annualized dividend and a dividend yield of 3.35%. BankUnited’s dividend payout ratio (DPR) is presently 50.00%.

Insider Buying and Selling

In related news, Director William S. Rubenstein sold 7,864 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $38.57, for a total transaction of $303,314.48. Following the completion of the transaction, the director now owns 10,282 shares in the company, valued at $396,576.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.19% of the company’s stock.

Institutional Trading of BankUnited

Large investors have recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its stake in BankUnited by 8.2% during the 2nd 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 in the last quarter. Empowered Funds LLC grew its stake in BankUnited by 38.9% during the 1st quarter. Empowered Funds LLC now owns 226,937 shares of the financial services provider’s stock valued at $6,354,000 after acquiring an additional 63,520 shares in the last quarter. Vanguard Group Inc. grew its stake in BankUnited by 3.7% during the 4th quarter. Vanguard Group Inc. now owns 9,202,637 shares of the financial services provider’s stock valued at $298,442,000 after acquiring an additional 332,567 shares in the last quarter. Entropy Technologies LP purchased a new stake in BankUnited during the 1st quarter valued at about $1,463,000. Finally, Quadrature Capital Ltd grew its stake in BankUnited by 145.8% during the 1st quarter. Quadrature Capital Ltd now owns 48,984 shares of the financial services provider’s stock valued at $1,370,000 after acquiring an additional 29,058 shares in the last quarter. Hedge funds and other institutional investors 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.