BankUnited (NYSE:BKU – Get Free Report) announced its earnings results 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. The business had revenue of $515.24 million during the quarter, compared to analyst estimates of $258.65 million. BankUnited had a return on equity of 7.76% and a net margin of 8.41%. During the same period last year, the company earned $0.63 EPS.
BankUnited Stock Up 1.5 %
BKU stock traded up $0.52 during mid-day trading on Thursday, reaching $35.41. 801,375 shares of the company traded hands, compared to its average volume of 814,130. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 15.05 and a beta of 1.33. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 1.22. BankUnited has a fifty-two week low of $21.02 and a fifty-two week high of $39.51. The firm’s 50 day moving average price is $36.47 and its 200 day moving average price is $32.34.
BankUnited Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st. Shareholders of record on Friday, October 11th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, October 11th. This represents a $1.16 dividend on an annualized basis and a yield of 3.28%. BankUnited’s dividend payout ratio (DPR) is currently 50.00%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Analysis on BankUnited
Insider Buying and Selling at BankUnited
In other BankUnited news, Director William S. Rubenstein sold 7,864 shares of BankUnited stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $38.57, for a total transaction of $303,314.48. Following the completion of the transaction, the director now owns 10,282 shares in the company, valued at approximately $396,576.74. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.19% 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.
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