Banco De Chile (NYSE:BCH) Given Average Rating of “Reduce” by Analysts

Banco De Chile (NYSE:BCHGet Free Report) has received a consensus recommendation of “Reduce” from the five analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $37.00.

Several research firms have recently commented on BCH. Weiss Ratings downgraded Banco De Chile from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. UBS Group set a $39.00 target price on Banco De Chile and gave the company a “neutral” rating in a report on Friday, May 22nd.

Check Out Our Latest Report on Banco De Chile

Banco De Chile Price Performance

Shares of NYSE:BCH opened at $42.12 on Friday. The stock has a market cap of $21.27 billion, a PE ratio of 17.40 and a beta of 0.23. The company’s fifty day moving average is $39.44 and its 200 day moving average is $39.75. Banco De Chile has a 52 week low of $27.08 and a 52 week high of $46.77. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 2.00.

Banco De Chile (NYSE:BCHGet Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The bank reported $0.57 earnings per share (EPS) for the quarter. Banco De Chile had a net margin of 29.95% and a return on equity of 19.47%. The business had revenue of $321.27 million during the quarter. Research analysts anticipate that Banco De Chile will post 2.76 earnings per share for the current year.

Institutional Trading of Banco De Chile

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd boosted its stake in shares of Banco De Chile by 33,900.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 680 shares of the bank’s stock valued at $26,000 after purchasing an additional 678 shares during the period. SPX Gestao de Recursos Ltda bought a new position in shares of Banco De Chile in the first quarter worth approximately $53,000. EverSource Wealth Advisors LLC increased its stake in shares of Banco De Chile by 161.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock worth $46,000 after buying an additional 929 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Banco De Chile by 286.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,722 shares of the bank’s stock worth $66,000 after buying an additional 1,276 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Banco De Chile by 2,425.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,500 shares of the bank’s stock valued at $76,000 after buying an additional 2,401 shares during the last quarter. Institutional investors own 1.24% of the company’s stock.

Banco De Chile Company Profile

(Get Free Report)

Banco de Chile (NYSE: BCH) is a leading Chilean financial institution headquartered in Santiago. Founded in 1893, the bank is one of the country’s oldest and most established banking groups, serving a broad spectrum of individual, corporate and institutional clients. It is publicly listed and operates under Chilean banking regulations while participating in international capital markets.

The bank’s core businesses include retail banking, commercial and corporate banking, and investment banking.

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Analyst Recommendations for Banco De Chile (NYSE:BCH)

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