Itau Unibanco Holding SA (NYSE:ITUB) Plans $0.00 Monthly Dividend

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Itau Unibanco Holding SA (NYSE:ITUB) declared a monthly dividend on Friday, October 11th, Zacks reports. Investors of record on Monday, November 4th will be given a dividend of 0.004 per share by the bank on Thursday, December 12th. This represents a $0.05 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Friday, November 1st.

NYSE ITUB opened at $9.18 on Thursday. The company has a quick ratio of 1.73, a current ratio of 1.73 and a debt-to-equity ratio of 1.74. Itau Unibanco has a 52-week low of $7.59 and a 52-week high of $10.80. The business’s 50-day moving average price is $8.47 and its 200 day moving average price is $8.74. The firm has a market cap of $88.86 billion, a P/E ratio of 13.70, a P/E/G ratio of 1.28 and a beta of 0.82.

Itau Unibanco (NYSE:ITUB) last released its quarterly earnings results on Monday, July 29th. The bank reported $0.18 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.18. Itau Unibanco had a return on equity of 18.40% and a net margin of 15.57%. The firm had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.60 billion. As a group, analysts anticipate that Itau Unibanco will post 0.74 earnings per share for the current year.

A number of equities research analysts have weighed in on the company. Citigroup raised Itau Unibanco from a “neutral” rating to a “buy” rating in a report on Tuesday, August 27th. Morgan Stanley raised Itau Unibanco from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $9.50 to $13.50 in a report on Wednesday, August 7th. JPMorgan Chase & Co. raised Itau Unibanco from a “neutral” rating to an “overweight” rating in a report on Thursday, August 1st. Finally, ValuEngine raised Itau Unibanco from a “sell” rating to a “hold” rating in a report on Tuesday, October 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $12.75.

About Itau Unibanco

Ita├║ Unibanco Holding SA provides a range of financial products and services to individuals and corporate clients in Brazil and internationally. The company operates in three segments: Retail Banking, Wholesale Banking, and Activities with the Market + Corporation. It accepts demand, savings, and time deposits; and offers payroll, mortgage, personal, vehicle, and corporate loans, as well as very small, small, and middle market loans.

Further Reading: Oversold

Dividend History for Itau Unibanco (NYSE:ITUB)

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