Itaú Corpbanca (NYSE:ITCB) Receives New Coverage from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Itaú Corpbanca (NYSE:ITCB – Get Rating) in a report published on Thursday. The firm issued a hold rating on the bank’s stock.

Itaú Corpbanca Stock Up 0.6 %

NYSE ITCB opened at $3.44 on Thursday. Itaú Corpbanca has a twelve month low of $2.50 and a twelve month high of $3.94. The firm has a market capitalization of $1.18 billion, a PE ratio of 4.53 and a beta of 0.96. The stock’s 50 day moving average is $3.37 and its 200 day moving average is $3.21.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP raised its stake in Itaú Corpbanca by 4.3% during the third quarter. Dimensional Fund Advisors LP now owns 86,256 shares of the bank’s stock valued at $247,000 after buying an additional 3,585 shares during the last quarter. Northern Trust Corp purchased a new position in Itaú Corpbanca during the first quarter valued at $40,000. Finally, Veriti Management LLC raised its stake in Itaú Corpbanca by 196.5% during the third quarter. Veriti Management LLC now owns 265,668 shares of the bank’s stock valued at $763,000 after buying an additional 176,076 shares during the last quarter. Hedge funds and other institutional investors own 0.20% of the company’s stock.

Itaú Corpbanca Company Profile

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Itaú Corpbanca engages in the provision of banking and financial services. It specializes in banking products such as financing, leasing, loans, insurance and credit cards. It operates through the following geographical segments: Chile and Colombia. The Chile segment consists of commercial and corporate banking, real estate and construction, large companies, retail banking, personal banking, small business, retail companies, Banco Condell consumer banking, international and treasury and other financial services.