Itaú Corpbanca (NYSE:ITCB) Shares Gap Up to $3.97

Shares of Itaú Corpbanca (NYSE:ITCB) gapped up before the market opened on Wednesday . The stock had previously closed at $3.97, but opened at $4.09. Itaú Corpbanca shares last traded at $4.09, with a volume of 90 shares traded.

The firm has a market cap of $1.40 billion, a P/E ratio of -18.05 and a beta of 1.07. The business’s 50-day moving average is $3.88 and its two-hundred day moving average is $4.75. The company has a debt-to-equity ratio of 4.25, a current ratio of 1.73 and a quick ratio of 1.73.

A number of institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its position in shares of Itaú Corpbanca by 6.7% in the 1st quarter. Renaissance Technologies LLC now owns 333,200 shares of the bank’s stock valued at $1,953,000 after acquiring an additional 20,800 shares during the period. Northern Trust Corp grew its position in shares of Itaú Corpbanca by 8.5% in the 1st quarter. Northern Trust Corp now owns 133,702 shares of the bank’s stock valued at $783,000 after acquiring an additional 10,420 shares during the period. Veriti Management LLC bought a new position in shares of Itaú Corpbanca in the 2nd quarter valued at about $315,000. O Shaughnessy Asset Management LLC grew its position in shares of Itaú Corpbanca by 1,836.2% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 48,347 shares of the bank’s stock valued at $205,000 after acquiring an additional 45,850 shares during the period. Finally, Allianz Asset Management GmbH bought a new position in shares of Itaú Corpbanca in the 1st quarter valued at about $204,000. 0.22% of the stock is owned by institutional investors and hedge funds.

About Itaú Corpbanca (NYSE:ITCB)

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.

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