BankUnited, Inc. (BKU) To Go Ex-Dividend on January 10th

BankUnited, Inc. (NYSE:BKU) announced a quarterly dividend on Thursday, December 26th,RTT News reports. Investors of record on Friday, January 10th will be given a dividend of 0.29 per share by the financial services provider on Friday, January 31st. This represents a $1.16 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date is Friday, January 10th.

BankUnited has raised its dividend by an average of 7.4% per year over the last three years. BankUnited has a payout ratio of 33.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect BankUnited to earn $3.00 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 38.7%.

BankUnited Price Performance

NYSE:BKU opened at $38.36 on Wednesday. The company has a market cap of $2.87 billion, a P/E ratio of 15.72 and a beta of 1.38. The firm’s fifty day moving average price is $39.69 and its two-hundred day moving average price is $36.75. BankUnited has a one year low of $24.34 and a one year high of $44.45. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.88 and a quick ratio of 0.88.

BankUnited (NYSE:BKU) last announced its quarterly earnings results 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 business had revenue of $515.24 million for the quarter, compared to analyst estimates of $258.65 million. BankUnited had a net margin of 9.06% and a return on equity of 8.09%. During the same quarter in the prior year, the business earned $0.63 EPS. Equities analysts expect that BankUnited will post 2.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on BKU shares. The Goldman Sachs Group upped their price objective on BankUnited from $36.00 to $42.00 and gave the company a “sell” rating in a report on Tuesday, November 26th. Barclays dropped their price objective on shares of BankUnited from $45.00 to $44.00 and set an “equal weight” rating for the company in a research note on Friday, December 20th. Citigroup lowered their target price on shares of BankUnited from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Compass Point boosted their price target on BankUnited from $42.00 to $49.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Wedbush increased 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. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $41.36.

Insider Buying and Selling at BankUnited

In other BankUnited news, COO Thomas M. Cornish sold 10,778 shares of BankUnited stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $39.11, for a total value of $421,527.58. Following the completion of the transaction, the chief operating officer now directly owns 100,000 shares of the company’s stock, valued at approximately $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 accessible through this link. Also, insider Jay D. Richards sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $41.18, for a total value of $102,950.00. Following the completion of the transaction, the insider now directly owns 34,687 shares in the company, valued at $1,428,410.66. This trade represents a 6.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.