Media headlines about Itau Unibanco (NYSE:ITUB) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Itau Unibanco earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 45.5805385555328 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Several research firms recently weighed in on ITUB. ValuEngine raised shares of Itau Unibanco from a “buy” rating to a “strong-buy” rating in a report on Friday, February 2nd. Zacks Investment Research downgraded shares of Itau Unibanco from a “hold” rating to a “sell” rating in a report on Wednesday, February 7th. Credit Suisse Group raised shares of Itau Unibanco from a “neutral” rating to a “buy” rating in a report on Monday, March 5th. Finally, Deutsche Bank raised shares of Itau Unibanco from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Monday, December 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Itau Unibanco presently has a consensus rating of “Hold” and an average price target of $14.25.
Shares of Itau Unibanco (ITUB) traded down $0.17 during trading on Tuesday, reaching $16.04. 7,359,055 shares of the company’s stock traded hands, compared to its average volume of 10,898,044. The company has a current ratio of 1.64, a quick ratio of 1.66 and a debt-to-equity ratio of 1.54. Itau Unibanco has a 12-month low of $10.02 and a 12-month high of $16.98. The company has a market capitalization of $104,398.59, a PE ratio of 13.95, a PEG ratio of 1.13 and a beta of 1.74.
Itau Unibanco announced that its Board of Directors has approved a stock repurchase program on Monday, December 18th that allows the company to repurchase 28,620,000 outstanding shares. This repurchase authorization allows the bank to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
The firm also recently declared a monthly dividend, which will be paid on Thursday, April 12th. Shareholders of record on Friday, March 2nd will be given a $0.0046 dividend. This represents a $0.05 annualized dividend and a yield of 0.34%. The ex-dividend date is Thursday, March 1st. Itau Unibanco’s dividend payout ratio (DPR) is presently 4.35%.
About Itau Unibanco
Itau Unibanco Holding SA is a holding company. The Company provides a range of financial products and services to individual and corporate clients in Brazil and abroad. The Company operates through three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. The Retail Banking segment offers banking products and services to a diversified client base of account holders and non-account holders, individuals and companies.
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