Itaú Corpbanca (ITCB) set to announce results on Friday

Itau Corpbanca (NYSE:ITCBGet a rating) will publish its quarterly results before the market opens on Friday, October 28. Analysts expect Itaú Corpbanca to post earnings of $0.36 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Itau Corpbanca (NYSE:ITCBGet a rating) last announced its results on Tuesday, August 2. The bank reported earnings per share (EPS) of $0.24 for the quarter, missing analyst consensus estimates of $0.31 per ($0.07). The company posted revenue of $597.50 million for the quarter, versus analyst estimates of $449.78 million. Itaú Corpbanca had a return on equity of 12.97% and a net margin of 12.99%. On average, analysts expect Itaú Corpbanca to post EPS of $2 for the current fiscal year and EPS of $1 for the next fiscal year.

Itaú Corpbanca trades up 9.6%

Shares of Itau Corpbanca Stock opened at $2.85 on Friday. The stock has a market capitalization of $973.57 million, a P/E ratio of 3.80 and a beta of 1.01. The company has a quick ratio of 1.60, a current ratio of 1.60 and a leverage ratio of 3.39. The company has a 50-day simple moving average of $3.13 and a 200-day simple moving average of $3.16. Itaú Corpbanca has a 12-month low of $2.50 and a 12-month high of $3.94.

Changes to analyst ratings

Separately, StockNews.com launched a hedge on Itaú Corpbanca shares in a research report on Wednesday, October 12. They set a “hold” rating for the company.

Institutional investors weigh in on Itaú Corpbanca

An institutional investor recently bought a new position in Itaú Corpbanca stock. Northern Trust Corp has acquired a new stake in Itaú Corpbanca (NYSE:ITCBGet an assessment) in Q1, according to the company in its latest 13F filing with the SEC. The company acquired 11,830 shares of the bank, valued at approximately $40,000. Hedge funds and other institutional investors own 0.15% of the company’s shares.

Company Profile Itaú Corpbanca

(Get an assessment)

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.

Further reading

Earnings History for Itaú Corpbanca (NYSE:ITCB)

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