BankUnited (BKU) Releases Earnings Results, Beats Expectations By $0.01 EPS

BankUnited (BKU) reported quarterly earnings results on Wednesday, Jul-20-2016. The company said it had a profit of $0.52 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.51. Analysts expectations of $240.27 million. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on BankUnited. BankUnited was Upgraded by Sandler O’Neill to ” Buy” on Jun 29, 2016. BankUnited was Downgraded by Goldman to ” Sell” on May 19, 2016.

BankUnited opened for trading at $32.39 and hit $32.72 on the upside on Monday, eventually ending the session at $32.62, with a gain of 0.46% or 0.15 points. The heightened volatility saw the trading volume jump to 14,39,596 shares. Company has a market cap of $3,397 M.

In a different news, on Mar 9, 2016, Jeffrey Starr (Officer of Subsidiary) sold 7,991 shares at $34.73 per share price. According to the SEC, on Feb 10, 2016, Eugene F Demark (director) sold 4,000 shares at $32.00 per share price. On Feb 4, 2016, Mark Bagnoli (Officer of Subsidiary) sold 1,000 shares at $32.50 per share price, according to the Form-4 filing with the securities and exchange commission.

BankUnited Inc. is a bank holding company with one wholly owned subsidiary BankUnited National Association collectively the Company. BankUnited provides banking services to individual and corporate customers through 100 branches located in approximately 15 Florida counties and around six banking centers in the New York metropolitan area. The Company’s lending focus is to serve commercial and middle-market businesses their executives and consumers with financial products and services. It offers lending products such as small business loans commercial real estate loans equipment loans and leases term loans formula-based loans municipal loans and leases commercial lines of credit letters of credit residential mortgages and consumer loans. BankUnited offers deposit products including checking accounts money market deposit accounts savings accounts and certificates of deposit with various terms and rates.


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