Banco De Chile (NYSE:BCH – Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $39.65 and traded as high as $39.70. Banco De Chile shares last traded at $39.5660, with a volume of 430,360 shares.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the company. Wall Street Zen raised Banco De Chile from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Weiss Ratings downgraded shares of Banco De Chile from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, October 9th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Banco De Chile from $45.00 to $44.00 and set a “neutral” rating on the stock in a report on Tuesday, October 6th. Four equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Banco De Chile currently has an average rating of “Reduce” and a consensus price target of $39.67.
View Our Latest Stock Analysis on Banco De Chile
Banco De Chile Stock Down 0.6%
The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.94. The stock has a 50 day simple moving average of $40.80 and a 200 day simple moving average of $39.66. The stock has a market cap of $19.35 billion, a price-to-earnings ratio of 14.51 and a beta of 0.20.
Banco De Chile (NYSE:BCH – Get Free Report) last posted its earnings results on Wednesday, July 1st. The bank reported $0.84 earnings per share for the quarter. The company had revenue of $999.95 million for the quarter. Banco De Chile had a return on equity of 21.10% and a net margin of 31.01%. As a group, analysts expect that Banco De Chile will post 2.80 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Quantinno Capital Management LP lifted its holdings in shares of Banco De Chile by 30.6% during the 1st quarter. Quantinno Capital Management LP now owns 72,354 shares of the bank’s stock worth $2,680,000 after acquiring an additional 16,932 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in shares of Banco De Chile by 17.1% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 69,482 shares of the bank’s stock valued at $2,763,000 after buying an additional 10,157 shares in the last quarter. Advisors Preferred LLC grew its position in Banco De Chile by 278.9% during the first quarter. Advisors Preferred LLC now owns 27,706 shares of the bank’s stock valued at $1,026,000 after acquiring an additional 20,393 shares during the last quarter. Novem Group grew its position in Banco De Chile by 2.5% during the third quarter. Novem Group now owns 27,700 shares of the bank’s stock valued at $1,108,000 after acquiring an additional 676 shares during the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Banco De Chile by 4.6% during the first quarter. Lazard Asset Management LLC now owns 25,849 shares of the bank’s stock worth $957,000 after acquiring an additional 1,137 shares in the last quarter. 1.24% of the stock is currently owned by hedge funds and other institutional investors.
About Banco De Chile
Banco de Chile is a full-service commercial bank headquartered in Santiago, Chile. Founded in 1893, it is one of the country’s longstanding financial institutions and provides banking services to individuals, businesses, corporations and institutional clients throughout Chile.
The bank offers a broad range of products and services, including checking and savings accounts, consumer and commercial loans, mortgages, credit and debit cards, payment services, foreign-exchange transactions, investment products and financial advisory services.
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