BankUnited FY2024 EPS Forecast Lowered by Zacks Research

BankUnited, Inc. (NYSE:BKU) – Investment analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of BankUnited in a report issued on Tuesday, November 12th. Zacks Research analyst R. Department now expects that the financial services provider will earn $2.84 per share for the year, down from their previous forecast of $2.85. The consensus estimate for BankUnited’s current full-year earnings is $2.85 per share. Zacks Research also issued estimates for BankUnited’s Q3 2025 earnings at $0.78 EPS, FY2025 earnings at $2.92 EPS, Q1 2026 earnings at $0.76 EPS, Q2 2026 earnings at $0.76 EPS, Q3 2026 earnings at $0.77 EPS and FY2026 earnings at $2.97 EPS.

BKU has been the subject of a number of other research reports. JPMorgan Chase & Co. boosted their price objective on shares of BankUnited from $34.50 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, July 23rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $37.00 target price on shares of BankUnited in a research report on Wednesday, October 23rd. Wedbush upped their price target on BankUnited from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 24th. Citigroup lowered their price objective on BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Finally, Wells Fargo & Company raised shares of BankUnited from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $38.00 to $48.00 in a report on Wednesday. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, BankUnited currently has an average rating of “Hold” and a consensus price target of $37.40.

BankUnited Price Performance

NYSE BKU opened at $40.67 on Friday. The company has a 50-day moving average price of $36.41 and a 200-day moving average price of $33.51. BankUnited has a 52 week low of $24.34 and a 52 week high of $41.65. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $3.04 billion, a P/E ratio of 16.67 and a beta of 1.33.

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

Hedge Funds Weigh In On BankUnited

Several hedge funds have recently bought and sold shares of the business. Assenagon Asset Management S.A. grew its holdings in shares of BankUnited by 8.2% in the second quarter. Assenagon Asset Management S.A. now owns 632,632 shares of the financial services provider’s stock worth $18,517,000 after purchasing an additional 48,059 shares during the last quarter. Vanguard Group Inc. grew its position in shares of BankUnited by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 9,483,630 shares of the financial services provider’s stock worth $265,542,000 after buying an additional 280,993 shares in the last quarter. Quadrature Capital Ltd increased its stake in shares of BankUnited by 145.8% during the first quarter. Quadrature Capital Ltd now owns 48,984 shares of the financial services provider’s stock valued at $1,370,000 after buying an additional 29,058 shares during the period. Caxton Associates LP raised its holdings in shares of BankUnited by 202.7% in the first quarter. Caxton Associates LP now owns 60,570 shares of the financial services provider’s stock valued at $1,696,000 after acquiring an additional 40,557 shares in the last quarter. Finally, Denali Advisors LLC purchased a new stake in BankUnited in the second quarter worth about $799,000. Institutional investors own 99.70% of the company’s stock.

Insider Buying and Selling

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $39.11, for a total transaction of $421,527.58. Following the completion of the transaction, the chief operating officer now owns 100,000 shares in the company, valued at $3,911,000. The trade was a 9.73 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.19% of the stock is owned by corporate insiders.

BankUnited Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 11th were issued a $0.29 dividend. The ex-dividend date was Friday, October 11th. This represents a $1.16 annualized dividend and a dividend yield of 2.85%. BankUnited’s dividend payout ratio (DPR) is presently 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.