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

Itaú Unibanco Holding S.A. (NYSE:ITUB) announced 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 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. Equities 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 Stock Down 2.9 %

Shares of NYSE:ITUB opened at $5.48 on Friday. 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 stock has a market cap of $53.66 billion, a price-to-earnings ratio of 7.02, a P/E/G ratio of 0.89 and a beta of 0.95. The company has a 50 day moving average of $5.47 and a 200-day moving average of $5.94. Itaú Unibanco has a one year low of $4.86 and a one year high of $7.04.

Itaú Unibanco (NYSE:ITUB) last issued its 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 net margin of 12.25% and a return on equity of 19.46%. On average, sell-side analysts forecast that Itaú Unibanco will post 0.8 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ITUB. JPMorgan Chase & Co. decreased their target price on 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 Global Res upgraded shares of Itaú Unibanco to a “strong-buy” rating in a report on Monday, January 13th. HSBC upgraded shares of Itaú Unibanco from a “hold” rating to a “buy” rating and set a $6.80 target price on the stock in a report on Monday, January 13th. Finally, UBS Group raised shares of Itaú Unibanco from a “neutral” rating to a “buy” rating in a report on Friday, January 17th. 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.com, the company presently has an average 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.