Added to YB: 2024-02-14
Pitch date: 2024-02-13
BKU [neutral]
BankUnited, Inc.
+84.78%
current return
Author Info
Upgrade to Yellowbrick Premium to unlock investor returns. Upgrade to Yellowbrick Premium
Company Info
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.
Market Cap
$2.9B
Pitch Price
$24.66
Price Target
N/A
Dividend
3.24%
EV/EBITDA
N/A
P/E
10.82
EV/Sales
N/A
Sector
Banks
Category
value
Show full summary:
Bank opportunity costs, forgoing buybacks, and $BKU
BKU -10% YTD undeservedly on NYCB's poor earnings despite BKU's sturdy Q4 & minimal exposure to troublesome loans. At $27.50 (0.8x TBV, 11.6x '23e EPS) BKU is undervalued w/ strong fundamentals but mgmt incentivized for loan growth>buybacks, misaligning shareholder interests.
Read full article (5 min)