Itaú Corpbanca (NYSE:ITCB) Shares Cross Above 200-Day Moving Average of $3.21

Shares of Itaú Corpbanca (NYSE:ITCB – Get Rating) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.21 and traded as high as $3.50. Itaú Corpbanca shares last traded at $3.40, with a volume of 17,498 shares changing hands.

Itaú Corpbanca Stock Performance

The company has a market cap of $1.16 billion, a price-to-earnings ratio of 4.47 and a beta of 0.96. The company has a fifty day moving average of $3.36 and a two-hundred day moving average of $3.21.

Institutional Investors Weigh In On Itaú Corpbanca

Hedge funds have recently modified their holdings of the company. Veriti Management LLC raised its position in Itaú Corpbanca by 196.5% during the 3rd quarter. Veriti Management LLC now owns 265,668 shares of the bank’s stock worth $763,000 after purchasing an additional 176,076 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Itaú Corpbanca by 4.3% during the 3rd 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 during the last quarter. Finally, Northern Trust Corp bought a new position in Itaú Corpbanca during the 1st quarter worth $40,000. Institutional investors and hedge funds own 0.20% of the company’s stock.

About Itaú Corpbanca

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Itaú Corpbanca 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.