BankUnited (NYSE:BKU - Get Free Report) issued its quarterly earnings data on Tuesday. The financial services provider reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.07, Briefing.com reports. BankUnited had a return on equity of 7.76% and a net margin of 8.41%. The business had revenue of $515.24 million for the quarter, compared to analysts' expectations of $258.65 million. During the same period in the prior year, the firm earned $0.63 EPS.
NYSE:BKU traded down $0.10 during trading hours on Wednesday, hitting $34.92. 83,798 shares of the company were exchanged, compared to its average volume of 810,085. The company's 50 day moving average price is $36.48 and its 200-day moving average price is $32.32. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 15.06 and a beta of 1.33. BankUnited has a 52-week low of $21.02 and a 52-week 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.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 11th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Friday, October 11th. BankUnited's payout ratio is 50.00%.
In related news, Director William S. Rubenstein sold 7,864 shares of the company's stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $38.57, for a total value of $303,314.48. Following the transaction, the director now directly owns 10,282 shares of the company's stock, valued at $396,576.74. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.19% of the company's stock.
Several research analysts recently commented on BKU shares. Hovde Group lifted their price target on BankUnited from $33.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, July 19th. Barclays raised their price objective on shares of BankUnited from $35.00 to $39.00 and gave the stock an "equal weight" rating in a research note on Friday, September 27th. Citigroup dropped their price objective on BankUnited from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Wednesday, September 11th. Wedbush boosted their price objective on shares of BankUnited from $39.00 to $40.00 and gave the company a "neutral" rating in a research report on Tuesday, September 24th. Finally, JPMorgan Chase & Co. raised their target price on shares of BankUnited from $34.50 to $41.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 23rd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $35.80.
Check Out Our Latest Analysis on 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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