BankUnited, Inc. (NYSE:BKU) Given Price Target Of $35.5


As per BankUnited, Inc. (NYSE:BKU)’s news release on 2016-06-28, its shareholders will get cash dividend of $0.21 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-15 and 2016-07-29, respectively.

The stock will commence trading ex-dividend from 2016-07-13, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year BankUnited, Inc. (NYSE:BKU) disbursed $0.21 in dividend compared to distribution of $0.21, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -40%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated BankUnited, Inc. (NYSE:BKU) to attain a price target of $35.5. It is an average estimate figure given by 8 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $40. The low price range is set at $30 for next year while the arithmetic mean is seen at 1.83.

Eyeing Earnings BankUnited, Inc. (NYSE:BKU) is likely to post quarterly numbers around 2016-10-19 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.55 for the period ending on 2016-09-30.

In last quarter ended 2015-12-31, BankUnited, Inc. (NYSE:BKU) earnings came at $0.52 suggesting a deviation of $0.01. The brokerages targeted EPS of $0.51 for the quarter.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 17 times, 1 visits today)