Zacks Research Reduces Earnings Estimates for BankUnited

BankUnited, Inc. (NYSE:BKU) – Equities researchers at Zacks Research cut their FY2024 earnings estimates for shares of BankUnited in a research note issued to investors on Tuesday, November 12th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $2.84 for the year, down from their prior estimate of $2.85. The consensus estimate for BankUnited’s current full-year earnings is $2.85 per share. Zacks Research also issued estimates for BankUnited’s Q3 2025 earnings at $0.78 EPS, FY2025 earnings at $2.92 EPS, Q1 2026 earnings at $0.76 EPS, Q2 2026 earnings at $0.76 EPS, Q3 2026 earnings at $0.77 EPS and FY2026 earnings at $2.97 EPS.

BKU has been the subject of a number of other reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $37.00 price target on shares of BankUnited in a research note on Wednesday, October 23rd. Citigroup decreased their price objective on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Wedbush boosted their target price 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. Wells Fargo & Company raised shares of BankUnited from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $38.00 to $48.00 in a report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, July 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, BankUnited presently has a consensus rating of “Hold” and an average target price of $37.40.

BankUnited Stock Up 0.1 %

BankUnited stock opened at $40.71 on Friday. BankUnited has a 1-year low of $24.34 and a 1-year high of $41.65. The business has a fifty day moving average price of $36.51 and a 200-day moving average price of $33.65. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 16.68 and a beta of 1.33.

BankUnited (NYSE:BKU) last announced its earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share for the quarter, beating the consensus estimate 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 9.06% and a return on equity of 8.09%. During the same period last year, the firm earned $0.63 earnings per share.

Institutional Investors Weigh In On BankUnited

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in BankUnited by 3.1% during the first 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. Dimensional Fund Advisors LP raised its position in shares of BankUnited by 7.4% in the second quarter. Dimensional Fund Advisors LP now owns 4,583,059 shares of the financial services provider’s stock worth $134,144,000 after acquiring an additional 315,872 shares during the period. Millennium Management LLC boosted its stake in shares of BankUnited by 49.2% during the 2nd quarter. Millennium Management LLC now owns 2,247,271 shares of the financial services provider’s stock worth $65,778,000 after acquiring an additional 740,896 shares in the last quarter. Geode Capital Management LLC grew its position in shares of BankUnited by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,719,596 shares of the financial services provider’s stock valued at $62,674,000 after acquiring an additional 20,218 shares during the period. Finally, Assenagon Asset Management S.A. increased its stake in shares of BankUnited by 37.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 868,806 shares of the financial services provider’s stock valued at $31,659,000 after purchasing an additional 236,174 shares in the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

Insiders Place Their Bets

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.11, for a total value of $421,527.58. Following the completion of the transaction, the chief operating officer now directly owns 100,000 shares of the company’s stock, valued at approximately $3,911,000. The trade was a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.19% of the stock is owned by insiders.

BankUnited Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Shareholders of record on Friday, October 11th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.85%. The ex-dividend date of this dividend was Friday, October 11th. BankUnited’s payout ratio is 47.54%.

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.