( will announce its quarterly results on Tuesday, 25th July before the opening of the markets. Analysts predict that BankUnited will post earnings per share of $0.79 for the third quarter. This link
The last time ) released its quarterly earnings was on Tuesday, 25th April. Financial services provider reported $0.70 per share for the quarter. This was $0.93 below the consensus estimate. Revenue for the quarter was $456.95 millions, which is higher than analysts' expectations of just $264.73. BankUnited's return on equity was 10.93%, and its net margin was 17.87%. In the same time period last year the company generated $0.79 per share. On Monday, the stock opened at 26.35. The company has a market capitalization of $1.96billion, a PE of 7.62, and a beta value of 1.20. The company's quick ratio is 0.97, its current ratio is 0.97 and it has a debt to equity ratio of 3.04. The company has a moving average for 50 days of $21.74 as well as a moving average for 200 days of $26.19. BankUnited's 12-month low is $15.83, and its 12-month high is $41.34.
BankUnited Announces Dividend
A quarterly dividend was also announced by the firm, and will be paid out on Monday, 31st July. Dividends will be paid to shareholders who were in the records on Friday, 14th July. This is a $1.08 dividend annualized and a yield of 4.10%. This dividend will be paid on Thursday, July 13th. BankUnited has a dividend payout ratio of 31.21%.
BankUnited Institutional Trading
Recently, several large investors bought and sold BKU shares. Advisor Group Holdings Inc. increased its holdings of BankUnited during the fourth quarter by 83.4%. Advisor Group Holdings Inc. owns now 2,918 shares worth $99,000 of the stock of the financial services providers after purchasing an additional 1,327 in the last quarterly. US Bancorp DE increased its holdings of BankUnited during the first quarter by 347.0%. US Bancorp DE owns 3,558 of the financial services provider stock, worth $157,000. This is after purchasing an additional 2,762 in the last quarter. Centiva Capital LP purchased a new share of BankUnited in the 2nd quarter, worth about $200,000. Prelude Capital Management LLC purchased a new share in BankUnited worth about $211,000. Captrust Financial Advisors increased its holdings of BankUnited during the third quarter by 13.9%. Captrust Financial Advisors owns 6,355 of the financial service provider's shares worth $217,000, after purchasing an additional 775 in the last quarter. 99.70% the stock is owned by hedge funds and institutional investors.
Analyst Upgrades and downgrades
A number of analysts have commented on the company. In a report published on Thursday 29th June, 58.com reiterated its'maintains rating' on BankUnited shares. JPMorgan Chase & Co. raised their price target for shares of BankUnited in a research report on Thursday, 29th June from $23.00 up to $25.00. Royal Bank of Canada reduced their price target for shares of BankUnited in a research report on Wednesday, April 26, from $31.00 down to $25.00. In a research report published on Thursday 18th May, we began covering shares of BankUnited. The stock was given a "sell" rating. Two analysts gave the stock a'sell' rating. Four others assigned a 'hold rating' and one analyst assigned a buy rating to the company. According to MarketBeat data, the stock currently has an average rating 'Hold' with a consensus target price of $28.33.
BankUnited Company profile
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BankUnited, Inc is the holding company of BankUnited, which is a national bank association in the United States that offers a variety of banking services. The company provides deposit products such as savings, checking and money market accounts, certificates of deposit and treasury services.
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