Itau Corpbanca (NYSE:ITCB – Get a rating) saw a significant decline in short-term interest in October. As of October 31, there was short interest totaling 141,000 shares, down 10.9% from the total of 158,300 shares as of October 15. Based on an average trading volume of 21,700 shares, the day-to-cover ratio is currently 6.5 days.
Analysts set new price targets
Separately, StockNews.com began covering Itaú Corpbanca shares in a research report on Wednesday, October 12. They have set a “holding” rating on the stock.
Institutional entries and exits
Hedge funds and other institutional investors have recently changed their positions in the company. Dimensional Fund Advisors LP increased its position in Itaú Corpbanca shares by 4.3% during the third quarter. Dimensional Fund Advisors LP now owns 86,256 shares of the bank worth $247,000 after buying 3,585 additional shares in the last quarter. Veriti Management LLC increased its position in Itaú Corpbanca by 196.5% during the third quarter. Veriti Management LLC now owns 265,668 shares of the bank worth $763,000 after purchasing an additional 176,076 shares last quarter. Finally, Northern Trust Corp bought a new position in Itaú Corpbanca during the first quarter worth $40,000. Institutional investors and hedge funds own 0.15% of the company’s shares.
Stock Itaú Corpbanca up 2.4%
ITCB opened at $3.35 on Wednesday. The company has a debt ratio of 3.39, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market capitalization of $1.14 billion, a price-earnings ratio of 4.53 and a beta of 0.98. Itaú Corpbanca has a 1-year low of $2.50 and a 1-year high of $3.94. The company’s fifty-day moving average is $3.04 and its two-hundred-day moving average is $3.13.
Company Profile Itaú Corpbanca
Itaú Corpbanca provides wholesale and retail banking services to small and medium enterprises, individuals and institutional clients in Chile and Colombia. The company offers checking and savings accounts, demand and term deposits, certificates of deposit and bank drafts; and Chilean peso and foreign currency loans, trade finance, general commercial and consumer loans, working capital loans, personal installment loans, mortgage loans, lines of credit and letters of credit.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Before you consider Itaú Corpbanca, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market spreads…and Itaú Corpbanca was not on the list.
While Itaú Corpbanca currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.