BankUnited, Inc. (NYSE:BKU) reported better-than-expected fourth-quarter financial results on Wednesday.
BankUnited reported quarterly earnings of 94 cents per share which beat the analyst consensus estimate of 88 cents per share. The company reported quarterly sales of $288.203 million which beat the analyst consensus estimate of $280.052 million.
“We are pleased to report strong fourth quarter earnings, concluding an outstanding year for BankUnited. We continue to execute our organic growth strategy which has resulted in strong performance in NIM, ROA, ROE and EPS. In recognition of this strong performance, we are announcing an additional stock buyback authorization of $200 million and an increase to our next quarterly dividend of $0.02 per share,” said Rajinder Singh, Chairman, President and Chief Executive Officer.
BankUnited shares gained 2.2% to trade at $51.46 on Thursday.
These analysts made changes to their price targets on BankUnited following earnings announcement.
- Keefe, Bruyette & Woods analyst Wood Lay maintained BankUnited with a Market Perform and raised the price target from $42 to $55.
- Piper Sandler analyst Stephen Scouten maintained BankUnited with a Neutral and raised the price target from $42 to $52.
- RBC Capital analyst Jon G. Arfstrom maintained the stock with a Sector Perform and raised the price target from $48 to $53.
Considering buying BKU stock? Here’s what analysts think:
Photo via Shutterstock