BankUnited, Inc. (NYSE:BKU – Free Report) – Equities researchers at Zacks Research raised their FY2026 earnings estimates for shares of BankUnited in a research note issued to investors on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates that the financial services provider will post earnings per share of $2.98 for the year, up from their prior estimate of $2.97. The consensus estimate for BankUnited’s current full-year earnings is $2.89 per share.
Several other equities analysts have also commented on BKU. Barclays increased their price objective on shares of BankUnited from $35.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Royal Bank of Canada reiterated a “sector perform” rating and set a $37.00 price objective on shares of BankUnited in a research note on Wednesday, October 23rd. Wedbush boosted their price target on BankUnited from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Tuesday, September 24th. Wells Fargo & Company upgraded BankUnited from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $38.00 to $48.00 in a research note on Wednesday, November 13th. Finally, Citigroup cut their price target on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $37.40.
BankUnited Stock Up 2.2 %
BankUnited stock opened at $42.72 on Monday. The business has a fifty day moving average price of $37.12 and a 200-day moving average price of $34.15. BankUnited has a 1-year low of $24.34 and a 1-year high of $42.83. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of 17.51 and a beta of 1.33. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88.
BankUnited (NYSE:BKU – Get Free Report) 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
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in shares of BankUnited by 1.2% in the third quarter. Geode Capital Management LLC now owns 1,719,596 shares of the financial services provider’s stock valued at $62,674,000 after buying an additional 20,218 shares during the last quarter. Barclays PLC raised its holdings in BankUnited by 48.3% in the 3rd quarter. Barclays PLC now owns 183,240 shares of the financial services provider’s stock valued at $6,677,000 after acquiring an additional 59,644 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in BankUnited by 8.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 74,966 shares of the financial services provider’s stock worth $2,732,000 after purchasing an additional 6,087 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of BankUnited during the 3rd quarter worth approximately $1,261,000. Finally, MML Investors Services LLC acquired a new position in shares of BankUnited during the 3rd quarter worth approximately $347,000. Institutional investors and hedge funds own 99.70% of the company’s stock.
Insider Buying and Selling at BankUnited
In other news, COO Thomas M. Cornish sold 10,778 shares of BankUnited 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 sale, the chief operating officer now directly owns 100,000 shares of the company’s stock, valued at $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 is available at this link. Also, insider Jay D. Richards sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $41.18, for a total value of $102,950.00. Following the sale, the insider now owns 34,687 shares of the company’s stock, valued at $1,428,410.66. The trade was a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.19% of the stock is owned by corporate 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 given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 11th. This represents a $1.16 dividend on an annualized basis and a yield of 2.72%. BankUnited’s dividend payout ratio is currently 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.
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