Factors Likely to Have Influenced Earnings Results BankUnited (NYSE:BKU)

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Earnings results for BankUnited (NYSE:BKU)

BankUnited last announced its earnings data on July 21st, 2021. The financial services provider reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.27. The firm had revenue of $231.07 million for the quarter, compared to the consensus estimate of $229.90 million. BankUnited has generated $2.06 earnings per share over the last year ($3.76 diluted earnings per share) and currently has a price-to-earnings ratio of 11.3. Earnings for BankUnited are expected to decrease by -10.86% in the coming year, from $3.96 to $3.53 per share. BankUnited has confirmed that its next quarterly earnings report will be published on Thursday, October 21st, 2021. BankUnited will be holding an earnings conference call on Thursday, October 21st at 9:00 AM Eastern. Interested parties can or dial in at 404-537-3406 with passcode “9293887”.

Analyst Opinion on BankUnited (NYSE:BKU)

According to the issued ratings of 12 analysts in the last year, the consensus rating for BankUnited stock is Buy based on the current 5 hold ratings and 7 buy ratings for BKU. The average twelve-month price target for BankUnited is $43.50 with a high price target of $54.00 and a low price target of $29.00.

on BKU’s analyst rating history

BankUnited has received a consensus rating of Buy. The company’s average rating score is 2.58, and is based on 7 buy ratings, 5 hold ratings, and no sell ratings. According to analysts’ consensus price target of $43.50, BankUnited has a forecasted upside of 2.7% from its current price of $42.37. BankUnited has only been the subject of 1 research reports in the past 90 days.

Dividend Strength: BankUnited (NYSE:BKU)

BankUnited pays a meaningful dividend of 2.19%, higher than the bottom 25% of all stocks that pay dividends. BankUnited has only been increasing its dividend for 1 years. The dividend payout ratio of BankUnited is 44.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, BankUnited will have a dividend payout ratio of 26.06% next year. This indicates that BankUnited will be able to sustain or increase its dividend.

Insiders buying/selling: BankUnited (NYSE:BKU)

In the past three months, BankUnited insiders have not sold or bought any company stock. Only 1.00% of the stock of BankUnited is held by insiders. 98.59% of the stock of BankUnited is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of BankUnited (NYSE:BKU

Earnings for BankUnited are expected to decrease by -10.86% in the coming year, from $3.96 to $3.53 per share. The P/E ratio of BankUnited is 11.27, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 15.22. The P/E ratio of BankUnited is 11.27, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 14.74. BankUnited has a P/B Ratio of 1.31. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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