Itaú Unibanco (NYSE:ITUB) Announces Earnings Results

Itaú Unibanco (NYSE:ITUB) posted its quarterly earnings results on Thursday. The bank reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.01), Zacks reports. Itaú Unibanco had a net margin of 12.33% and a return on equity of 19.72%.

Itaú Unibanco Stock Up 0.3 %

NYSE:ITUB traded up $0.02 during trading hours on Thursday, hitting $5.95. 21,506,271 shares of the company traded hands, compared to its average volume of 25,144,531. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.28. The company has a market cap of $58.27 billion, a PE ratio of 7.61, a PEG ratio of 0.65 and a beta of 0.94. The firm’s 50-day simple moving average is $5.30 and its 200-day simple moving average is $5.97. Itaú Unibanco has a one year low of $4.86 and a one year high of $7.27.

Itaú Unibanco Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 8th. Investors of record on Tuesday, March 4th will be issued a dividend of $0.0029 per share. The ex-dividend date is Tuesday, March 4th. Itaú Unibanco’s dividend payout ratio (DPR) is currently 3.85%.

Analyst Upgrades and Downgrades

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