Banco De Chile (NYSE:BCH) Stock Has Average Target Price of $39.67

Banco De Chile (NYSE:BCH – Get Free Report) has earned a consensus recommendation of “Reduce” from the five research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $39.67.

BCH has been the topic of a number of research reports. Weiss Ratings downgraded shares of Banco De Chile from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday. JPMorgan Chase & Co. reduced their price target on shares of Banco De Chile from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, October 6th. Finally, Wall Street Zen raised shares of Banco De Chile from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th.

Check Out Our Latest Report on BCH

Institutional Trading of Banco De Chile

Several hedge funds have recently bought and sold shares of BCH. Quantinno Capital Management LP lifted its stake in shares of Banco De Chile by 30.6% in the first quarter. Quantinno Capital Management LP now owns 72,354 shares of the bank’s stock valued at $2,680,000 after buying an additional 16,932 shares in the last quarter. ABS Direct Equity Fund LLC acquired a new position in shares of Banco De Chile during the second quarter valued at about $749,000. Advisors Preferred LLC increased its position in shares of Banco De Chile by 278.9% during the first quarter. Advisors Preferred LLC now owns 27,706 shares of the bank’s stock worth $1,026,000 after acquiring an additional 20,393 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of Banco De Chile during the fourth quarter worth about $878,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in shares of Banco De Chile by 17.1% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 69,482 shares of the bank’s stock worth $2,763,000 after acquiring an additional 10,157 shares during the last quarter. Institutional investors and hedge funds own 1.24% of the company’s stock.

Banco De Chile Price Performance

Shares of NYSE:BCH opened at $39.14 on Wednesday. The firm has a market cap of $19.77 billion, a PE ratio of 14.82 and a beta of 0.20. The firm’s fifty day moving average is $41.08 and its 200-day moving average is $39.55. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.48 and a current ratio of 1.48. Banco De Chile has a 52 week low of $30.64 and a 52 week high of $46.77.

Banco De Chile (NYSE:BCH – Get Free Report) last announced its earnings results on Wednesday, July 1st. The bank reported $0.84 EPS for the quarter. Banco De Chile had a return on equity of 21.10% and a net margin of 31.01%. The business had revenue of $999.95 million for the quarter. Sell-side analysts predict that Banco De Chile will post 2.84 earnings per share for the current year.

About Banco De Chile

(Get Free Report)

Banco de Chile is a Chilean financial institution headquartered in Santiago. Founded in 1893, it is one of the country’s largest and longest-established banks and serves individuals, businesses, corporations, and institutional clients throughout Chile.

The bank provides a broad range of financial products and services, including consumer and commercial loans, checking and savings accounts, credit and debit cards, mortgages, cash management, foreign exchange, and investment services. It also offers corporate and investment banking, treasury services, trade finance, and capital markets activities.

Banco de Chile serves customers through a nationwide network of branches and digital banking channels.

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Analyst Recommendations for Banco De Chile (NYSE:BCH)

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