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Insider Trading At Itau Unibanco Holding S.A. (NYSE: ITUB): What Did We Note?

Itau Unibanco Holding S.A. (NYSE:ITUB) traded at $5.48 at close of the session on Tuesday, 09/20/22, made an upward move of 3.20% on its previous day’s price.

Looking at the stock we see that its previous close was $5.31 and the beta (5Y monthly) reads 0.97 with the day’s price range being $5.32 – $5.54. The company has a trailing 12-month PE ratio of 10.56. In terms of its 52-week price range, ITUB has a high of $5.80 and a low of $3.54. The company’s stock has gained about 7.52% over that past 30 days.

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Itau Unibanco Holding S.A. has a market cap of $50.11 billion. With its Forward Dividend at 0.15 and a yield of 2.74%, the company’s investors could be anxious for the ITUB stock to gain ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.14, with the EPS growth for the year raised at $0.61 for 2022 and $0.65 for next year. These figures represent 19.60% and 6.60% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $6.07 billion, with a low of $6.07 billion and a high of $6.07 billion. The median projection represents growth squeezing down to 14.70% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $25.87 billion, or 10.50% up from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ITUB stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Based on estimates by 4 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the Itau Unibanco Holding S.A. (ITUB) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.

Looking further, we note that the PEG ratio for the ITUB stock currently stands at 1.12, and the current price level is 7.01% off its SMA20 and 14.74% from its 50-day simple moving average. The RSI (14) is pointing at 67.20 while the volatility over the past week is 3.42% and jumps to 2.63% over the past one month. The beta value is 0.81, while the average true range (ATR) is currently pointing at 0.15. The average price target for the stock over the next 12 months is $5.95, with the estimates having a low of $5.00 and a high of $7.20. These price ends are 8.76% and -31.39% off the current price level respectively, although investors could be excited at the prospect of a -5.84% if the ITUB share price touches on the median price of $5.80.

Let’s briefly compare Itau Unibanco Holding S.A. (ITUB) stock to its peers. We find that current price change of 3.20% and 35.66% over the past 12 months for ITUB competes that of Credicorp Ltd. (BAP), which has seen its stock price rise 0.71% in the last trading session and was 24.53% over the last one year. Another of its peers Banco Santander S.A. (SAN) has dropped -1.53% previous session, and was -24.12% down over the past year, while Banco Bradesco S.A. (BBD) was also up 3.18% in the last session, while its price remained in the green at 19.97% over the same period. Itau Unibanco Holding S.A. has a P/E ratio of 10.56 compared to Credicorp Ltd.’s 9.10 and Banco Santander S.A.’s 4.69. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at -1.13% and -1.01%, respectively, at close of the trading.

Coming back to Itau Unibanco Holding S.A. (NYSE:ITUB), we note that the average 3-month trading volume was 40.97 million, while that of the preceding 10-day period stands at 31.66 million. Current shares outstanding are 9.80 billion.

The insiders hold 52.10% of the company’s shares while institutions hold 19.70%. The data shows that short shares as of Jul 14, 2022, stood at 54.56 million at a short ratio of 1.11. This represents a 0.56% short interest in shares outstanding on Jul 14, 2022. Shares short fall in July from the previous month at 65.24 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 48.71% up in year-to-date price movement.

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