Itau Corpbanca (NYSE:ITCB) Reaches New 12-Month Low at $10.58
Itau Corpbanca (NYSE:ITCB)’s share price reached a new 52-week low on Monday . The stock traded as low as $10.58 and last traded at $10.70, with a volume of 600 shares. 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 company has a debt-to-equity ratio of 2.46, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a 50-day simple moving average of $11.45 and a two-hundred day simple moving average of $12.06. The company has a market cap of $3.87 billion, a PE ratio of 14.32 and a beta of 1.01.
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) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 43,380 shares of the bank’s stock, valued at approximately $542,000. Institutional investors and hedge funds own 0.31% of the company’s stock.
About Itau Corpbanca (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.
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