Itau Corpbanca (ITCB) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Itau Corpbanca (NYSE:ITCB) from a sell rating to a hold rating in a report released on Wednesday.

Shares of ITCB stock traded up $0.17 during trading on Wednesday, reaching $13.82. The company’s stock had a trading volume of 11,675 shares, compared to its average volume of 250. The company has a quick ratio of 1.63, a current ratio of 1.63 and a debt-to-equity ratio of 2.29. The firm has a market cap of $3.09 billion, a PE ratio of 20.00 and a beta of 1.09. Itau Corpbanca has a one year low of $12.92 and a one year high of $16.34.

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

Several hedge funds have recently made changes to their positions in ITCB. Northern Trust Corp raised its position in Itau Corpbanca by 11.5% during the second 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 in the last quarter. Renaissance Technologies LLC raised its position in Itau Corpbanca by 1.9% during the second 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 in the last quarter. Finally, Credit Suisse AG raised its position in Itau Corpbanca by 27.3% during the third quarter. Credit Suisse AG now owns 20,533 shares of the bank’s stock worth $320,000 after acquiring an additional 4,400 shares in the last quarter. 0.57% of the stock is currently owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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