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

Stock analysts at StockNews.com assumed coverage on shares of Banco Itaú Chile (NYSE:ITCB – Get Rating) in a report issued on Friday. The firm set a “hold” rating on the bank’s stock.

Banco Itaú Chile Price Performance

Banco Itaú Chile has a 12 month low of $2.50 and a 12 month high of $3.94. The business has a 50-day moving average price of $3.50 and a 200 day moving average price of $3.31. The stock has a market capitalization of $1.17 billion, a P/E ratio of 4.50 and a beta of 0.98.

Banco Itaú Chile (NYSE:ITCB – Get Rating) last issued its quarterly earnings data on Tuesday, February 28th. The bank reported $0.15 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.03. The business had revenue of $311.23 million during the quarter, compared to the consensus estimate of $426.47 million. Banco Itaú Chile had a net margin of 12.62% and a return on equity of 14.11%. As a group, analysts predict that Banco Itaú Chile will post 0.58 EPS for the current year.

Hedge Funds Weigh In On Banco Itaú Chile

A hedge fund recently bought a new stake in Banco Itaú Chile stock. Northern Trust Corp purchased a new stake in Banco Itaú Chile (NYSE:ITCB – Get Rating) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 11,830 shares of the bank’s stock, valued at approximately $40,000. 0.20% of the stock is owned by hedge funds and other institutional investors.

About Banco Itaú Chile

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Banco Itau Chile 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.