Research Analysts Issue Forecasts for BankUnited Q4 Earnings

BankUnited, Inc. (NYSE:BKU) – Equities researchers at Zacks Research dropped their Q4 2024 earnings per share estimates for BankUnited in a research report issued to clients and investors on Tuesday, November 12th. Zacks Research analyst R. Department now forecasts that the financial services provider will earn $0.67 per share for the quarter, down from their prior estimate of $0.76. The consensus estimate for BankUnited’s current full-year earnings is $2.85 per share. Zacks Research also issued estimates for BankUnited’s Q1 2025 earnings at $0.72 EPS, Q2 2025 earnings at $0.71 EPS and Q4 2025 earnings at $0.71 EPS.

BankUnited (NYSE:BKU) last announced its quarterly earnings results on Tuesday, October 22nd. The financial services provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.07. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. The company had revenue of $515.24 million for the quarter, compared to analysts’ expectations of $258.65 million. During the same quarter in the previous year, the business posted $0.63 earnings per share.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company raised BankUnited from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $38.00 to $48.00 in a research report on Wednesday. Wedbush increased their price objective 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. 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 note on Wednesday, September 11th. JPMorgan Chase & Co. upped their target price on BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, July 23rd. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $37.00 price target on shares of BankUnited in a research note on Wednesday, October 23rd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $37.40.

BankUnited Stock Up 1.3 %

Shares of NYSE:BKU opened at $40.29 on Thursday. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 16.51 and a beta of 1.33. BankUnited has a 12 month low of $23.83 and a 12 month high of $41.65. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.28. The company has a 50-day moving average price of $36.33 and a 200 day moving average price of $33.46.

BankUnited Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 11th were given a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.88%. The ex-dividend date was Friday, October 11th. BankUnited’s payout ratio is 47.54%.

Insider Buying and Selling

In related news, COO Thomas M. Cornish sold 10,778 shares of the firm’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $39.11, for a total transaction of $421,527.58. Following the sale, the chief operating officer now owns 100,000 shares in the company, valued at approximately $3,911,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.19% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. CWM LLC boosted its holdings in BankUnited by 307.6% in the second quarter. CWM LLC now owns 1,928 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 1,455 shares during the period. Headlands Technologies LLC purchased a new position in shares of BankUnited during the first quarter worth about $57,000. Meeder Asset Management Inc. acquired a new position in shares of BankUnited in the 2nd quarter valued at $74,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of BankUnited in the second quarter valued at about $169,000. Finally, GAMMA Investing LLC raised its stake in BankUnited by 17.4% during the 3rd quarter. GAMMA Investing LLC now owns 4,637 shares of the financial services provider’s stock valued at $169,000 after acquiring an additional 686 shares during the last quarter. Institutional investors and hedge funds own 99.70% of the company’s stock.

BankUnited Company Profile

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.