BankUnited Currently Quite Undervalued [Seeking Alpha]
BankUnited, Inc. (BKU)
Last bankunited, inc. earnings: 4/29 06:45 am
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US:NYSE Investor Relations:
ir.bankunited.com
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Source: Seeking Alpha
Summary Compression in margin following the latest Fed funds rate cut is expected to drag earnings. Higher provisions charge is also expected to pressurize the bottom-line. The BankUnited 2.0 program is expected to support earnings by increasing non-interest income and reducing non-interest expense. Dividend yield of 3.3% is expected. Target price suggests a significant price upside, showing that the stock is currently very cheap. As of March 6, it was trading below its book value per share. Earnings of BankUnited, Inc. ( BKU Net Interest Income to Take a Hit From Fed's Rate Cut Net interest margin, NIM, is expected to be one of the biggest contributors to a decline in earnings this year. The 50bps Fed rate cut is expected to exert pressure on yields, which will lead to lowering of NIM. The pressure is expected to be partly offset by a drop in cost following the repricing of deposits. In addition, as mentioned in the fourth quarter conference call The compression in NIM is expected to
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BKU
News
- BankUnited, Inc. (NYSE: BKU) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- BankUnited (BKU) Stock Up as Q1 Earnings Top, Provisions Fall [Yahoo! Finance]Yahoo! Finance
- BankUnited, Inc. (NYSE: BKU) had its price target lowered by analysts at Keefe, Bruyette & Woods from $33.00 to $31.00. They now have a "market perform" rating on the stock.MarketBeat
- BankUnited (BKU) Reports Q1 Earnings: What Key Metrics Have to Say [Yahoo! Finance]Yahoo! Finance
- BankUnited, Inc. (BKU) Surpasses Q1 Earnings and Revenue Estimates [Yahoo! Finance]Yahoo! Finance
BKU
Earnings
- 4/17/24 - Beat
BKU
Sec Filings
- 4/25/24 - Form 10-Q
- 4/17/24 - Form 8-K
- 4/4/24 - Form DEF
- BKU's page on the SEC website