Banco de Chile Stock (NYSE: BCH – Get a rating) received an average rating of “Hold” by the eight analysts who currently cover the stock, MarketBeat reports. Four research analysts gave the stock a hold rating and three gave the company a buy rating. The average 1-year price target among brokers who have reported on the stock in the past year is $23.00.
A number of stock analysts have weighed in on the stock recently. StockNews.com supposed coverage of Banco de Chile shares in a research note on Wednesday. They issued a “hold” rating on the stock. Credit Suisse Group lowered its price target on Banco de Chile shares to $21.00 in a Monday, August 22 research report.
Institutional investors weigh on Banco de Chile
Hedge funds have recently been buying and selling shares of the company. SG Americas Securities LLC bought a new stake in shares of Banco de Chile in the second quarter, valued at around $120,000. Atlas Capital Advisors LLC bought a new stake in shares of Banco de Chile in the second quarter, valued at around $136,000. Advisors Asset Management Inc. bought a new stake in shares of Banco de Chile in the second quarter valued at around $148,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Banco de Chile in the second quarter worth approximately $219,000. Finally, Whittier Trust Co. acquired a new position in Banco de Chile in the first quarter worth approximately $230,000. 1.10% of the shares are currently held by institutional investors.
Banco de Chile is trading down 1.4%
NYSE BCH opened at $18.29 on Friday. Banco de Chile has a 1-year low of $15.60 and a 1-year high of $22.74. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt ratio of 3.17. The company has a market capitalization of $9.24 billion, a PE ratio of 5.41, a growth price-earnings ratio of 0.80 and a beta of 0.38. The company’s fifty-day simple moving average is $18.72 and its 200-day simple moving average is $19.30.
Bank of Chile (NYSE: BCH – Get a rating) last released its quarterly results on Friday, July 29. The bank reported earnings per share of $1.03 for the quarter, beating analysts’ consensus estimate of $0.63 by $0.40. Banco de Chile had a net margin of 49.07% and a return on equity of 32.11%. The company posted revenue of $580.90 million for the quarter, versus a consensus estimate of $792.40 million. As a group, sell-side analysts expect Banco de Chile to post earnings per share of 2.79 for the current fiscal year.
Banco de Chile Company Profile
Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through retail banking, wholesale banking and cash and money market segments. The Company offers deposit products, such as checking accounts, current accounts, deposits and current accounts, savings accounts and term deposits; commercial, mortgage, consumer, working capital, syndicated and installment loans; and credit cards.
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