Itaú Unibanco (ITUB) Stock Price, News & Analysis

Company Overview

Itaú Unibanco Holding S.A. 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. The company also provides property and casualty insurance products covering loss, damage, or liabilities for assets or persons, as well as life insurance products covering death and personal accident. It serves retail customers, account and non-account holders, individuals and legal entities, high income clients, microenterprises, and small companies, as well as middle-market companies and high net worth clients. The company was formerly known as Itaú Unibanco Banco Múltiplo S.A. and changed its name to Itaú Unibanco Holding S.A. in April 2009. The company was incorporated in 1924 and is headquartered in São Paulo, Brazil. Itaú Unibanco Holding S.A. operates as a subsidiary of IUPAR - Itaú Unibanco Participações S.A.

Key Stats

• Today's Range: $5.87 to $5.90
• 50-Day Range: $5.86 to $6.78
• 52-Week Range: $5.62 to $7.27
• Volume: 1.50 million shs
• Average Volume: 18.13 million shs
• Market Capitalization: $57.73 billion
• P/E Ratio: 7.55
• Dividend Yield: 0.51%
• Price Target: $7.50
• Consensus Rating: Moderate Buy

Itaú Unibanco Stock Analysis - MarketRank™

Itaú Unibanco scored higher than 90% of companies evaluated by MarketBeat, and ranked 147th out of 916 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Itaú Unibanco has received a consensus rating of Moderate Buy. The company's average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Itaú Unibanco has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.8 / 5
• Proj. Earnings Growth: 11.54%

Earnings Growth

Earnings for Itaú Unibanco are expected to grow by 11.54% in the coming year, from $0.78 to $0.87 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Itaú Unibanco is 7.55, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.64.

Price to Earnings Ratio vs. Sector

The P/E ratio of Itaú Unibanco is 7.55, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 44.23.

Price to Earnings Growth Ratio

Itaú Unibanco has a PEG Ratio of 0.76. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Itaú Unibanco has a P/B Ratio of 1.45. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.50% of the float of Itaú Unibanco has been sold short.

Short Interest Ratio / Days to Cover

Itaú Unibanco has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Itaú Unibanco has recently decreased by 13.77%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Itaú Unibanco has a dividend yield of 0.53%, which is in the bottom 25% of all stocks that pay dividends.

Dividend Growth

Itaú Unibanco does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Itaú Unibanco is 3.85%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Itaú Unibanco will have a dividend payout ratio of 3.45% next year. This indicates that Itaú Unibanco will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.50% of the float of Itaú Unibanco has been sold short.

Short Interest Ratio / Days to Cover

Itaú Unibanco has a short interest ratio ("days to cover") of 1.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Itaú Unibanco has recently decreased by 13.77%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.0 / 5
• News Sentiment: 1.49

News Sentiment

Itaú Unibanco has a news sentiment score of 1.49. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.82 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Itaú Unibanco this week, compared to 2 articles on an average week.

Search Interest

Only 4 people have searched for ITUB on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Itaú Unibanco insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.61% of the stock of Itaú Unibanco is held by insiders.

ITUB Stock Analysis - Frequently Asked Questions

How have ITUB shares performed this year?

Itaú Unibanco's stock was trading at $6.95 on January 1st, 2024. Since then, ITUB shares have decreased by 15.3% and is now trading at $5.89.
View the best growth stocks for 2024 here.

How were Itaú Unibanco's earnings last quarter?

Itaú Unibanco Holding S.A. (NYSE:ITUB) issued its quarterly earnings results on Tuesday, August, 6th. The bank reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The bank had revenue of $16.54 billion for the quarter, compared to the consensus estimate of $7.72 billion. Itaú Unibanco had a net margin of 12.33% and a trailing twelve-month return on equity of 19.72%.

Who are Itaú Unibanco's major shareholders?

Itaú Unibanco's top institutional shareholders include Fisher Asset Management LLC (0.52%), Robeco Institutional Asset Management B.V. (0.39%), FMR LLC (0.24%) and Itau Unibanco Holding S.A. (0.22%).

How do I buy shares of Itaú Unibanco?

Shares of ITUB stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Itaú Unibanco own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Itaú Unibanco investors own include Pfizer (PFE), Bank of America (BAC), Meta Platforms (META), NVIDIA (NVDA), Exxon Mobil (XOM), Johnson & Johnson (JNJ) and Chevron (CVX).

Company Calendar

• Last Earnings: 8/06/2024
• Ex-Dividend for 12/9 Dividend: 11/12/2024
• Today: 11/25/2024
• Ex-Dividend for 1/9 Dividend: 12/02/2024
• Dividend Payable: 12/09/2024
• Fiscal Year End: 12/31/2024
• Dividend Payable: 1/09/2025
• Next Earnings (Estimated): 2/03/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: State commercial banks
• Sub-Industry: Banking
• Current Symbol: NYSE:ITUB
• CUSIP: N/A
• CIK: 1132597
• Web: www.itau.com.brsector
• Phone: 551127943547
• Fax: 55-11-2794-3933
• Employees: 95,702
• Year Founded: 2008

Price Target and Rating

• Average Stock Price Target: $7.50
• High Stock Price Target: $8.00
• Low Stock Price Target: $7.00
• Potential Upside/Downside: +28.2%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.60
• Research Coverage: 5 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.78
• Trailing P/E Ratio: 7.50
• Forward P/E Ratio: 7.50
• P/E Growth: 0.76
• Net Income: $6.63 billion
• Net Margins: 12.33%
• Pretax Margin: 13.95%
• Return on Equity: 19.72%
• Return on Assets: 1.49%

Debt

• Debt-to-Equity Ratio: 2.28
• Current Ratio: 1.75
• Quick Ratio: 1.75

Sales & Book Value

• Annual Sales: $156.52 billion
• Price / Sales: 0.37
• Cash Flow: $0.84 per share
• Price / Cash Flow: 6.95
• Book Value: $3.88 per share
• Price / Book: 1.51

Miscellaneous

• Outstanding Shares: 9,800,867,000
• Free Float: 9,741,082,000
• Market Cap: $57.34 billion
• Optionable: Optionable
• Beta: 0.98