Itau Corpbanca (NYSE:ITCB) Hits New 12-Month Low at $10.58

Itau Corpbanca (NYSE:ITCB) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $10.58 and last traded at $10.70, with a volume of 600 shares changing hands. The stock had previously closed at $11.15.

Separately, ValuEngine raised Itau Corpbanca from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.

The stock has a market capitalization of $3.87 billion, a price-to-earnings ratio of 14.32 and a beta of 1.01. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.79 and a current ratio of 1.79. The business has a 50-day moving average of $11.45 and a 200-day moving average of $12.06.

Itau Corpbanca (NYSE:ITCB) last announced its earnings results on Wednesday, July 31st. The bank reported $0.26 earnings per share (EPS) for the quarter. Itau Corpbanca had a return on equity of 5.04% and a net margin of 7.11%. The firm had revenue of $442.28 million during the quarter.

A hedge fund recently bought a new stake in Itau Corpbanca stock. Macquarie Group Ltd. acquired a new position in shares of Itau Corpbanca (NYSE:ITCB) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 43,380 shares of the bank’s stock, valued at approximately $542,000. 0.31% of the stock is owned by institutional investors and hedge funds.

Itau Corpbanca Company Profile (NYSE:ITCB)

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: Stocks at 52 Week High

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