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BKU

BankUnited NYSE:BKU Stock Report

Last Price

US$35.43

Market Cap

US$2.8b

7D

-5.8%

1Y

-14.2%

Updated

24 Sep, 2022

Data

Company Financials +
BKU fundamental analysis
Snowflake Score
Valuation5/6
Future Growth0/6
Past Performance2/6
Financial Health5/6
Dividends5/6

BKU Stock Overview

BankUnited, Inc. operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States.

BankUnited Competitors

Price History & Performance

Summary of all time highs, changes and price drops for BankUnited
Historical stock prices
Current Share PriceUS$35.43
52 Week HighUS$46.75
52 Week LowUS$33.90
Beta1.23
1 Month Change-10.53%
3 Month Change-2.21%
1 Year Change-14.21%
3 Year Change4.21%
5 Year Change-0.39%
Change since IPO24.75%

Recent News & Updates

Jul 21

BankUnited GAAP EPS of $0.82 misses by $0.08, revenue of $238.86M misses by $6.56M

BankUnited press release (NYSE:BKU): Q2 GAAP EPS of $0.82 misses by $0.08. Revenue of $238.86M (+3.4% Y/Y) misses by $6.56M.

Shareholder Returns

BKUUS BanksUS Market
7D-5.8%-5.8%-5.2%
1Y-14.2%-21.7%-23.0%

Return vs Industry: BKU exceeded the US Banks industry which returned -21.7% over the past year.

Return vs Market: BKU exceeded the US Market which returned -23.1% over the past year.

Price Volatility

Is BKU's price volatile compared to industry and market?
BKU volatility
BKU Average Weekly Movement3.8%
Banks Industry Average Movement3.4%
Market Average Movement6.9%
10% most volatile stocks in US Market15.8%
10% least volatile stocks in US Market2.8%

Stable Share Price: BKU is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: BKU's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20091,480Raj Singhhttps://www.bankunited.com

BankUnited, Inc. operates as the bank holding company for BankUnited, a national banking association that provides a range of banking services in the United States. The company offers deposit products, such as checking, money market deposit, and savings accounts; certificates of deposit; and treasury, commercial payment, and cash management services. Its loans portfolio includes commercial loans, including equipment loans, secured and unsecured lines of credit, formula-based loans, owner-occupied commercial real estate term loans and lines of credit, mortgage warehouse lines, letters of credit, commercial credit cards, small business administration and U.S. department of agriculture product offerings, export-import bank financing products, trade finance, and business acquisition finance credit facilities; commercial real estate loans; residential mortgages; and other consumer loans.

BankUnited Fundamentals Summary

How do BankUnited's earnings and revenue compare to its market cap?
BKU fundamental statistics
Market CapUS$2.76b
Earnings (TTM)US$339.78m
Revenue (TTM)US$913.82m

8.1x

P/E Ratio

1.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BKU income statement (TTM)
RevenueUS$913.82m
Cost of RevenueUS$0
Gross ProfitUS$913.82m
Other ExpensesUS$574.04m
EarningsUS$339.78m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)4.36
Gross Margin100.00%
Net Profit Margin37.18%
Debt/Equity Ratio190.4%

How did BKU perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

24%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is BKU undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

5/6

Valuation Score 5/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for BKU?

Other financial metrics that can be useful for relative valuation.

BKU key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio-5.9x

Price to Earnings Ratio vs Peers

How does BKU's PE Ratio compare to its peers?

BKU PE Ratio vs Peers
The above table shows the PE ratio for BKU vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average12.5x
IBOC International Bancshares
12.1xn/aUS$2.7b
FULT Fulton Financial
10.4x13.6%US$2.7b
SFNC Simmons First National
13.2x17.8%US$2.9b
IBTX Independent Bank Group
13x6.3%US$2.7b
BKU BankUnited
8.1x-1.4%US$2.8b

Price-To-Earnings vs Peers: BKU is good value based on its Price-To-Earnings Ratio (8.1x) compared to the peer average (12.5x).


Price to Earnings Ratio vs Industry

How does BKU's PE Ratio compare vs other companies in the US Banks Industry?

Price-To-Earnings vs Industry: BKU is good value based on its Price-To-Earnings Ratio (8.1x) compared to the US Banks industry average (9.7x)


Price to Earnings Ratio vs Fair Ratio

What is BKU's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

BKU PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.1x
Fair PE Ratio11.4x

Price-To-Earnings vs Fair Ratio: BKU is good value based on its Price-To-Earnings Ratio (8.1x) compared to the estimated Fair Price-To-Earnings Ratio (11.4x).


Share Price vs Fair Value

What is the Fair Price of BKU when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: BKU ($35.43) is trading below our estimate of fair value ($64.93)

Significantly Below Fair Value: BKU is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


Discover undervalued companies

Future Growth

How is BankUnited forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-1.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BKU's earnings are forecast to decline over the next 3 years (-1.4% per year).

Earnings vs Market: BKU's earnings are forecast to decline over the next 3 years (-1.4% per year).

High Growth Earnings: BKU's earnings are forecast to decline over the next 3 years.

Revenue vs Market: BKU's revenue (4.2% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: BKU's revenue (4.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BKU's Return on Equity is forecast to be low in 3 years time (10.7%).


Discover growth companies

Past Performance

How has BankUnited performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-8.1%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: BKU has high quality earnings.

Growing Profit Margin: BKU's current net profit margins (37.2%) are higher than last year (36.8%).


Past Earnings Growth Analysis

Earnings Trend: BKU's earnings have declined by 8.1% per year over the past 5 years.

Accelerating Growth: BKU's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: BKU had negative earnings growth (-1.7%) over the past year, making it difficult to compare to the Banks industry average (8.7%).


Return on Equity

High ROE: BKU's Return on Equity (13.8%) is considered low.


Discover strong past performing companies

Financial Health

How is BankUnited's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

5/6

Financial Health Score 5/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: BKU's Assets to Equity ratio (14.6x) is moderate.

Allowance for Bad Loans: BKU has a low allowance for bad loans (90%).

Low Risk Liabilities: 84% of BKU's liabilities are made up of primarily low risk sources of funding.

Loan Level: BKU has an appropriate level of Loans to Assets ratio (66%).

Low Risk Deposits: BKU's Loans to Deposits ratio (84%) is appropriate.

Level of Bad Loans: BKU has an appropriate level of bad loans (0.6%).


Discover healthy companies

Dividend

What is BankUnited current dividend yield, its reliability and sustainability?

Dividend Score

5/6

Dividend Score 5/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.82%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: BKU's dividend (2.82%) is higher than the bottom 25% of dividend payers in the US market (1.65%).

High Dividend: BKU's dividend (2.82%) is low compared to the top 25% of dividend payers in the US market (4.57%).


Stability and Growth of Payments

Stable Dividend: BKU's dividends per share have been stable in the past 10 years.

Growing Dividend: BKU's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (24.1%), BKU's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BKU's dividends in 3 years are forecast to be well covered by earnings (26.4% payout ratio).


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.3yrs

Average management tenure


CEO

Raj Singh (51 yo)

5.67yrs

Tenure

US$5,913,787

Compensation

Mr. Rajinder P. Singh, also known as Raj, has been the Chief Executive Officer and President of BankUnited, Inc. since January 1, 2017 and founded it. He was one of the founding organizers of our Company....


CEO Compensation Analysis

Compensation vs Market: Raj's total compensation ($USD5.91M) is about average for companies of similar size in the US market ($USD6.95M).

Compensation vs Earnings: Raj's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Leadership Team

Experienced Management: BKU's management team is seasoned and experienced (7.3 years average tenure).


Board Members

Experienced Board: BKU's board of directors are considered experienced (8.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NYSE:BKU Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
06 Jun 22SellUS$306,981Jay RichardsIndividual7,415US$41.40
26 Apr 22SellUS$27,529Kevin MalcolmIndividual703US$39.16

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 78.3% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
15.36%
BlackRock, Inc.
11,967,663$424.0m-4.01%0.01%
12.08%
The Vanguard Group, Inc.
9,416,173$333.6m-2.5%0.01%
6.32%
State Street Global Advisors, Inc.
4,922,232$174.4m-13.41%0.01%
5.43%
Dimensional Fund Advisors LP
4,233,858$150.0m8.91%0.04%
4.98%
AllianceBernstein L.P.
3,878,655$137.4m4.17%0.06%
3.94%
FMR LLC
3,069,090$108.7m-13.04%0.01%
3.42%
American Century Investment Management Inc
2,666,400$94.5m-9.66%0.07%
3.27%
J.P. Morgan Asset Management, Inc.
2,545,625$90.2m0.85%0.02%
2.22%
Neuberger Berman Investment Advisers LLC
1,730,650$61.3m2.1%0.06%
2.03%
Diamond Hill Capital Management, Inc.
1,582,772$56.1m-21.61%0.26%
1.85%
Geode Capital Management, LLC
1,443,408$51.1m-3.3%0.01%
1.81%
BNY Mellon Asset Management
1,407,978$49.9m-5.34%0.01%
1.69%
Jennison Associates LLC
1,318,390$46.7m22.31%0.04%
1.56%
Boston Partners Global Investors, Inc.
1,218,773$43.2m-0.45%0.04%
1.49%
Aristotle Capital Boston, LLC
1,158,288$41.0m-0.42%1.27%
1.31%
Frontier Capital Management Co LLC
1,023,008$36.2m-16.05%0.36%
1.28%
Invesco Ltd.
1,000,844$35.5m-0.77%0.01%
1.26%
Norges Bank Investment Management
984,160$34.9m0%no data
1.21%
Charles Schwab Investment Management, Inc.
944,712$33.5m1.74%0.01%
1.17%
Columbia Management Investment Advisers, LLC
908,098$32.2m-8.07%0.01%
1.13%
Northern Trust Global Investments
876,669$31.1m-8.39%0.01%
0.91%
Leeward Investments, LLC
706,623$25.0m-2.89%1.17%
0.87%
Eaton Vance Management
680,427$24.1m-3.1%0.01%
0.87%
T. Rowe Price Group, Inc.
676,828$24.0m-91.59%no data
0.84%
Royce & Associates, LP
655,650$23.2m-1.25%0.22%

Company Information

BankUnited, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: BankUnited, Inc.
  • Ticker: BKU
  • Exchange: NYSE
  • Founded: 2009
  • Industry: Regional Banks
  • Sector: Banks
  • Implied Market Cap: US$2.761b
  • Shares outstanding: 77.92m
  • Website: https://www.bankunited.com

Number of Employees


Location

  • BankUnited, Inc.
  • 14817 Oak Lane
  • Miami Lakes
  • Florida
  • 33016
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
BKUNYSE (New York Stock Exchange)YesCommon StockUSUSDJan 2011
BNUDB (Deutsche Boerse AG)YesCommon StockDEEURJan 2011

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/09/24 00:00
End of Day Share Price2022/09/23 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.