Added to YB: 2024-02-14
Pitch date: 2024-02-13
BKU [neutral]
BankUnited, Inc.
+99.71%
current return
Author Info
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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
$3.4B
Pitch Price
$24.32
Price Target
N/A
Dividend
2.86%
EV/EBITDA
N/A
P/E
12.92
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.
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