Itaú Unibanco Holding S.A. (NYSE:ITUB) Declares Dividend of $0.00

Itaú Unibanco Holding S.A. (NYSE:ITUB) declared a dividend on Wednesday, December 25th, NASDAQ Dividends reports. Shareholders of record on Tuesday, March 4th will be given a dividend of 0.0029 per share by the bank on Tuesday, April 8th. The ex-dividend date of this dividend is Tuesday, March 4th.

Itaú Unibanco has decreased its dividend payment by an average of 26.9% per year over the last three years. Itaú Unibanco has a payout ratio of 3.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Itaú Unibanco to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.03 annual dividend with an expected future payout ratio of 3.4%.

Itaú Unibanco Price Performance

NYSE ITUB opened at $5.48 on Friday. Itaú Unibanco has a 12-month low of $4.86 and a 12-month high of $7.04. The firm’s 50 day moving average is $5.47 and its 200-day moving average is $5.94. The company has a market capitalization of $53.66 billion, a PE ratio of 7.02, a price-to-earnings-growth ratio of 0.89 and a beta of 0.95. The company has a quick ratio of 1.75, a current ratio of 1.34 and a debt-to-equity ratio of 2.32.

Itaú Unibanco (NYSE:ITUB) last issued its quarterly earnings results on Thursday, February 6th. The bank reported $0.19 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.01). Itaú Unibanco had a return on equity of 19.46% and a net margin of 12.25%. Equities research analysts anticipate that Itaú Unibanco will post 0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently issued reports on ITUB shares. UBS Group upgraded Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. HSBC upgraded Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 price objective on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. decreased their target price on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Finally, Hsbc Global Res upgraded shares of Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. Four equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $6.90.

Itaú Unibanco Company Profile

Itaú Unibanco Holding SA offers a range of financial products and services to individuals and corporate customers in Brazil and internationally. The company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It offers current account; loans; credit and debit cards; investment and commercial banking services; real estate lending services; financing and investment services; economic, financial and brokerage advisory; and leasing and foreign exchange services.