What is Wedbush’s Estimate for BankUnited FY2024 Earnings?

BankUnited, Inc. (NYSE:BKU) – Equities researchers at Wedbush decreased their FY2024 earnings per share estimates for shares of BankUnited in a research note issued to investors on Wednesday, October 23rd. Wedbush analyst D. Chiaverini now expects that the financial services provider will post earnings of $2.85 per share for the year, down from their previous estimate of $2.87. Wedbush has a “Neutral” rating and a $40.00 price objective 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 Q3 2025 earnings at $0.71 EPS and Q4 2025 earnings at $0.70 EPS.

BankUnited (NYSE:BKU) last released its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 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 analysts’ expectations of $258.65 million. BankUnited had a return on equity of 7.76% and a net margin of 8.41%. During the same quarter last year, the business posted $0.63 EPS.

Several other research analysts have also issued reports on BKU. Wells Fargo & Company increased their price target on shares of BankUnited from $35.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 1st. Hovde Group raised their target price on shares of BankUnited from $33.00 to $41.00 and gave the company an “outperform” rating in a research note on Friday, July 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $37.00 price target on shares of BankUnited in a research report on Wednesday, October 23rd. Citigroup reduced their price objective on BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Finally, Barclays boosted their target price on BankUnited from $35.00 to $39.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $36.40.

BankUnited Stock Performance

Shares of BankUnited stock opened at $34.59 on Monday. BankUnited has a 12 month low of $21.13 and a 12 month high of $39.51. The firm has a market capitalization of $2.59 billion, a P/E ratio of 14.91 and a beta of 1.33. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 1.22. The business has a fifty day simple moving average of $36.41 and a two-hundred day simple moving average of $32.49.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. WINTON GROUP Ltd raised its holdings in shares of BankUnited by 0.9% during the second quarter. WINTON GROUP Ltd now owns 34,582 shares of the financial services provider’s stock valued at $1,012,000 after purchasing an additional 303 shares during the last quarter. Arizona State Retirement System raised its holdings in shares of BankUnited by 1.9% during the second quarter. Arizona State Retirement System now owns 20,821 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 379 shares during the last quarter. Natixis Advisors LLC raised its holdings in shares of BankUnited by 1.0% during the second quarter. Natixis Advisors LLC now owns 48,005 shares of the financial services provider’s stock valued at $1,405,000 after purchasing an additional 497 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of BankUnited by 17.4% during the third 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 last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in shares of BankUnited by 2.2% during the second quarter. Louisiana State Employees Retirement System now owns 37,600 shares of the financial services provider’s stock valued at $1,101,000 after purchasing an additional 800 shares during the last quarter. 99.70% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at BankUnited

In other BankUnited news, Director William S. Rubenstein sold 7,864 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $38.57, for a total transaction of $303,314.48. Following the sale, the director now directly owns 10,282 shares in the company, valued at approximately $396,576.74. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.19% of the company’s stock.

BankUnited Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 11th will be paid 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 yield of 3.35%. BankUnited’s dividend payout ratio is 50.00%.

About BankUnited

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.