Itaú Unibanco (NYSE:ITUB - Get Free Report) announced its earnings results on Thursday. The bank reported $0.19 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by ($0.01), Zacks reports. Itaú Unibanco had a return on equity of 19.76% and a net margin of 12.25%.
Itaú Unibanco Trading Up 1.5 %
ITUB traded up $0.09 on Monday, reaching $5.94. 25,479,407 shares of the company's stock were exchanged, compared to its average volume of 26,407,916. The company's 50 day moving average is $5.32 and its 200-day moving average is $5.96. The company has a market cap of $58.17 billion, a price-to-earnings ratio of 7.61, a PEG ratio of 0.67 and a beta of 0.95. Itaú Unibanco has a twelve month low of $4.86 and a twelve month high of $7.27. The company has a debt-to-equity ratio of 2.28, a quick ratio of 1.75 and a current ratio of 1.75.
Itaú Unibanco Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, March 14th. Investors of record on Wednesday, February 19th will be given a dividend of $0.058 per share. The ex-dividend date is Wednesday, February 19th. This is an increase from Itaú Unibanco's previous dividend of $0.00. Itaú Unibanco's dividend payout ratio is 3.85%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on ITUB shares. JPMorgan Chase & Co. cut their price objective on shares of Itaú Unibanco from $8.00 to $7.00 and set an "overweight" rating for the company in a research report on Thursday, November 7th. HSBC raised shares of Itaú Unibanco from a "hold" rating to a "buy" rating and set a $6.80 price objective for the company in a research report on Monday, January 13th. UBS Group raised shares of Itaú Unibanco from a "neutral" rating to a "buy" rating in a research report on Friday, January 17th. Finally, Hsbc Global Res raised shares of Itaú Unibanco to a "strong-buy" rating in a research 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. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $6.90.
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About Itaú Unibanco
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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.
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