BankUnited (NASDAQ: BKU) Share Analyzed

BankUnited day trading at USD 14.87 per share, then rallying to 15.73 and closing at USD 15.65 per share. A net gain of 5.24% for the day. Long term pricing analysis shows the stock trading at 58.16% lower than it’s 52week high and -9.57% higher than the 52week low. The share volume traded for the day was 1,389K which was 1 times the 50 Day Average Volume.

BankUnited had a market cap of 1,445,897K as on 18th May 2020. The Earnings Per Share (EPS) for Q4 2019 is $ 2.16.

BankUnited with total consolidated assets of $32.2 billion at December 31, 2018, is a bank holding company with one wholly-owned subsidiary, BankUnited, collectively, the Company.

Financial Results

BankUnited Reports First Quarter Of Fiscal 2020.

  • The Company’s and the Bank’s CET1 risk-based capital ratios were 11.8% and 12.9% on March 31, 2020, respectively.
  • Non-interest bearing demand deposits grew by $305 million for the quarter ended March 31, 2020, to 18.4% of total deposits at March 31, 2020 compared to 17.6% of total deposits at December 31, 2019, and 15.9% of total deposits one year ago.
  • Total deposits grew by $606 million for the quarter ended March 31, 2020.
  • The average cost of total deposits declined to 1.36% for the quarter ended March 31, 2020, from 1.48% for the immediately preceding quarter ended December 31, 2019, and 1.67% for the quarter ended March 31, 2019.
  • Pre-tax, pre-provision income totaled $85.0 million for the quarter ended March 31, 2020, compared to $100.5 million for the quarter ended March 31, 2019.
  • Net interest income for the quarter ended March 31, 2020, decreased to $180.6 million from $190.9 million for the quarter ended March 31, 2019, and $185.3 million for the immediately preceding quarter ended December 31, 2019.
  • The Company’s net interest margin, calculated on a tax-equivalent basis, decreased to 2.35% for the quarter ended March 31, 2020, from 2.41% for the immediately preceding quarter ended December 31, 2019, and 2.54% for the quarter ended March 31, 2019.

BankUnited (18th May 2020): The Institutional Ownership as of today stood at 96.52% and the Total Value of Holdings (millions) is $ 1,396.

New Institutional Holders and other activity – As of today, the total number of shares held is 89,172,525 by 266 institutional holders.

LATEST NEWS:

14-May-2020:-  Jennison Associates LLC Purchases 36,072 Shares of BankUnited (NYSE: BKU)

Jennison Associates LLC lifted its position in BankUnited (NYSE: BKU) by 1.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,685,902 shares of the financial services provider’s stock after buying an additional 36,072 shares during the quarter.

10-May-2020:-  $216.35 Million in Sales Expected for BankUnited (NYSE: BKU) This Quarter

Equities research analysts expect BankUnited (NYSE: BKU) to post $216.35 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for BankUnited’s earnings. The highest sales estimate is $222.00 million and the lowest is $210.70 million.

8-May-2020:-  Brokerages Expect BankUnited (NYSE: BKU) Will Announce Earnings of $0.25 Per Share

Equities research analysts expect that BankUnited (NYSE: BKU) will post earnings per share of $0.25 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for BankUnited’s earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.47.

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