Itaú Corpbanca (NYSE:ITCB) Shares Gap Up to $3.24

Itaú Corpbanca (NYSE:ITCBGet Rating) shares gapped up prior to trading on Friday . The stock had previously closed at $3.24, but opened at $3.38. Itaú Corpbanca shares last traded at $3.38, with a volume of 100 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Itaú Corpbanca in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.

Itaú Corpbanca Stock Up 4.0 %

The company has a market cap of $1.16 billion, a price-to-earnings ratio of 4.58 and a beta of 0.98. The stock’s 50-day simple moving average is $3.23 and its 200 day simple moving average is $3.13.

Itaú Corpbanca (NYSE:ITCBGet Rating) last issued its quarterly earnings data on Friday, October 28th. The bank reported $0.19 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.10). Itaú Corpbanca had a return on equity of 13.26% and a net margin of 13.02%. The company had revenue of $432.69 million during the quarter, compared to analyst estimates of $426.27 million. On average, sell-side analysts expect that Itaú Corpbanca will post 0.76 EPS for the current fiscal year.

Institutional Investors Weigh In On Itaú Corpbanca

A number of institutional investors have recently modified their holdings of the company. Northern Trust Corp purchased a new position in Itaú Corpbanca during the 1st quarter valued at about $40,000. Dimensional Fund Advisors LP lifted its position in shares of Itaú Corpbanca by 4.3% during the third quarter. Dimensional Fund Advisors LP now owns 86,256 shares of the bank’s stock worth $247,000 after purchasing an additional 3,585 shares in the last quarter. Finally, Veriti Management LLC boosted its stake in shares of Itaú Corpbanca by 4.0% in the second quarter. Veriti Management LLC now owns 89,592 shares of the bank’s stock valued at $254,000 after purchasing an additional 3,479 shares during the period. 0.20% of the stock is owned by institutional investors and hedge funds.

Itaú Corpbanca Company Profile

(Get Rating)

Itaú 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, demand and time deposits, certificates of deposit and bankers' drafts; and lending in Chilean pesos and foreign currencies, trade financing, general commercial and consumer loans, working capital loans, personal installment loans, mortgage loans, credit lines, and letters of credit.

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