Several other analysts also recently commented on the stock. Scotiabank upgraded shares of Itaú Corpbanca from a “sector perform” rating to an “outperform” rating in a report on Wednesday, April 13th. JPMorgan Chase & Co. began coverage on shares of Itaú Corpbanca in a report on Thursday, February 17th. They set an “overweight” rating and a $5.00 target price on the stock.
Shares of ITCB stock opened at $3.24 on Tuesday. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 4.51. The firm has a market cap of $1.11 billion, a P/E ratio of 3.45 and a beta of 0.91. The business’s 50 day moving average is $3.18. Itaú Corpbanca has a 52 week low of $2.64 and a 52 week high of $6.23.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Yousif Capital Management LLC acquired a new stake in shares of Itaú Corpbanca in the fourth quarter valued at approximately $29,000. Comerica Bank bought a new position in shares of Itaú Corpbanca in the fourth quarter valued at $34,000. Citadel Advisors LLC bought a new position in shares of Itaú Corpbanca in the fourth quarter valued at $33,000. Allianz Asset Management GmbH grew its stake in shares of Itaú Corpbanca by 90.0% in the fourth quarter. Allianz Asset Management GmbH now owns 48,523 shares of the bank’s stock valued at $141,000 after buying an additional 22,983 shares in the last quarter. Finally, CSS LLC IL bought a new position in shares of Itaú Corpbanca in the fourth quarter valued at $217,000. Institutional investors own 0.31% of the company’s stock.
About Itaú Corpbanca (Get Rating)
ItaÃº Corpbanca provides wholesale and retail banking services to small and medium-sized enterprises, individuals, and institutional clients in Chile and Colombia. The company offers checking and savings accounts, as well as demand and time deposits, and bankers' drafts; and provides commercial, mortgage, consumer, and contingent loans.
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