News stories about Itau Unibanco (NYSE:ITUB) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Itau Unibanco earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the bank an impact score of 46.4223083239444 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research firms have issued reports on ITUB. ValuEngine lowered shares of Itau Unibanco from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 27th. BidaskClub lowered shares of Itau Unibanco from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 23rd. Zacks Investment Research cut shares of Itau Unibanco from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, Deutsche Bank raised shares of Itau Unibanco from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Monday, December 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $14.25.
Shares of Itau Unibanco (NYSE:ITUB) opened at $14.12 on Friday. Itau Unibanco has a one year low of $10.02 and a one year high of $14.59. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.57. The stock has a market cap of $91,959.33, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 1.57 and a beta of 1.59.
Itau Unibanco declared that its board has approved a stock repurchase program on Monday, December 18th that authorizes the company to buyback 28,620,000 outstanding shares. This buyback authorization authorizes the bank to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.
The firm also recently announced a None dividend, which will be paid on Monday, February 12th. Shareholders of record on Wednesday, January 3rd will be paid a dividend of $0.004 per share. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a yield of 0.42%. Itau Unibanco’s dividend payout ratio (DPR) is presently 4.35%.
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Itau Unibanco Company Profile
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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