Itaú Unibanco Holding S.A. (NYSE:ITUB) to Issue 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 paid 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 by an average of 26.9% per year over the last three years. Itaú Unibanco has a dividend payout ratio of 3.4% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Down 2.9 %

Shares of ITUB opened at $5.48 on Friday. Itaú Unibanco has a one year low of $4.86 and a one year high of $7.04. The company has a market cap of $53.66 billion, a P/E ratio of 7.02, a P/E/G ratio of 0.89 and a beta of 0.95. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.34 and a quick ratio of 1.75. The firm has a 50 day simple moving average of $5.47 and a two-hundred day simple moving average of $5.94.

Itaú Unibanco (NYSE:ITUB) last announced its quarterly earnings data 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 net margin of 12.25% and a return on equity of 19.46%. Research analysts forecast that Itaú Unibanco will post 0.8 EPS for the current fiscal year.

Wall Street Analyst Weigh In

ITUB has been the topic of a number of research reports. HSBC raised shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 target price on the stock in a research note on Monday, January 13th. UBS Group raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a research note on Friday, January 17th. Hsbc Global Res raised shares of Itaú Unibanco to a “strong-buy” rating in a research note on Monday, January 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Itaú Unibanco from $8.00 to $7.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Itaú Unibanco currently has a consensus rating of “Buy” and a consensus price target of $6.90.

About Itaú Unibanco

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.