Zacks: Itau Corpbanca (ITCB) Given Average Rating of “Strong Buy” by Brokerages
Shares of Itau Corpbanca (NYSE:ITCB) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment 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.
ITCB has been the topic of several analyst reports. Citigroup upgraded Itau Corpbanca from a “neutral” rating to a “buy” rating in a research note on Thursday, August 30th. ValuEngine upgraded Itau Corpbanca from a “sell” rating to a “hold” rating in a research note on Monday, September 17th.
Itau Corpbanca (NYSE:ITCB) last announced its earnings results on Thursday, August 2nd. The bank reported $0.29 earnings per share for the quarter. Itau Corpbanca had a return on equity of 2.57% and a net margin of 3.81%. The company had revenue of $448.30 million for the quarter.
Several institutional investors and hedge funds have recently bought and sold shares of ITCB. Eqis Capital Management Inc. acquired a new stake in shares of Itau Corpbanca in the 2nd quarter valued at approximately $266,000. Renaissance Technologies LLC lifted its holdings in shares of Itau Corpbanca by 1.9% in the 2nd quarter. Renaissance Technologies LLC now owns 317,700 shares of the bank’s stock valued at $4,718,000 after buying an additional 6,000 shares during the period. Finally, Northern Trust Corp lifted its holdings in shares of Itau Corpbanca by 11.5% in the 2nd quarter. Northern Trust Corp now owns 131,861 shares of the bank’s stock valued at $1,958,000 after buying an additional 13,651 shares during the period. 0.57% of the stock is owned by institutional investors and hedge funds.
About Itau Corpbanca
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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