Itau Corpbanca (ITCB) Given Average Rating of “Strong Buy” by Analysts

Shares of Itau Corpbanca (NYSE:ITCB) have been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.

Zacks has also assigned Itau Corpbanca an industry rank of 175 out of 256 based on the ratings given to related companies.

Separately, ValuEngine upgraded shares of Itau Corpbanca from a “sell” rating to a “hold” rating in a research report on Wednesday.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Credit Suisse AG grew its position in shares of Itau Corpbanca by 27.3% during the 3rd quarter. Credit Suisse AG now owns 20,533 shares of the bank’s stock valued at $320,000 after purchasing an additional 4,400 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Itau Corpbanca by 11.5% during the 2nd quarter. Northern Trust Corp now owns 131,861 shares of the bank’s stock worth $1,958,000 after acquiring an additional 13,651 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Itau Corpbanca by 1.9% during the 2nd quarter. Renaissance Technologies LLC now owns 317,700 shares of the bank’s stock worth $4,718,000 after acquiring an additional 6,000 shares during the last quarter. Hedge funds and other institutional investors own 0.57% of the company’s stock.

ITCB opened at $13.65 on Tuesday. The firm has a market cap of $3.09 billion, a PE ratio of 20.00 and a beta of 1.09. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 2.29. Itau Corpbanca has a one year low of $12.92 and a one year high of $16.34.

Itau Corpbanca (NYSE:ITCB) last released its quarterly earnings results on Wednesday, October 31st. The bank reported $0.23 EPS for the quarter. The firm had revenue of $425.17 million during the quarter. Itau Corpbanca had a net margin of 6.23% and a return on equity of 4.32%.

Itau Corpbanca Company Profile

Itaú CorpBanca provides wholesale and retail banking services. The company offers checking and savings accounts, as well as accepts demand and time deposits; and provides commercial loans, mortgage loans, and consumer loans. It also offers financial advisory, mutual fund management, insurance brokerage, and securities brokerage services; trust portfolio management services, including investment trust management, administration, security, real estate trusts, and fund administration; court and out-of-court collections services for loans; and Internet and mobile banking services.

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