Zacks: Itau Corpbanca (ITCB) Given Consensus Rating of “Strong Buy” by Analysts

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

Zacks has also assigned Itau Corpbanca an industry rank of 206 out of 255 based on the ratings given to its competitors.

Several analysts recently commented on ITCB shares. ValuEngine raised shares of Itau Corpbanca from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. Citigroup raised shares of Itau Corpbanca from a “neutral” rating to a “buy” rating in a research report on Thursday, August 30th.

ITCB stock traded down $0.66 during trading on Friday, hitting $14.31. 5,160 shares of the stock traded hands, compared to its average volume of 24,483. Itau Corpbanca has a 1 year low of $10.28 and a 1 year high of $16.34. The company has a market capitalization of $3.54 billion, a price-to-earnings ratio of 36.26 and a beta of 1.18. The company has a debt-to-equity ratio of 2.39, a quick ratio of 1.67 and a current ratio of 1.67.

Itau Corpbanca (NYSE:ITCB) last announced its quarterly earnings data on Thursday, August 2nd. The bank reported $0.29 EPS for the quarter. Itau Corpbanca had a net margin of 3.81% and a return on equity of 2.57%. The company had revenue of $448.30 million for the quarter.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC boosted 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 valued at $4,718,000 after acquiring an additional 6,000 shares during the last quarter. Northern Trust Corp boosted 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 valued at $1,958,000 after acquiring an additional 13,651 shares during the last quarter. Finally, Eqis Capital Management Inc. purchased a new stake in shares of Itau Corpbanca during the 2nd quarter valued at about $266,000. 0.57% of the stock is currently owned by hedge funds and other institutional investors.

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.

Further Reading: Diversification

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