Banco de Chile (NYSE:BCH – Get Rating) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.77 and traded as high as $20.57. Banco de Chile shares last traded at $20.31, with a volume of 106,999 shares trading hands.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. Scotiabank cut shares of Banco de Chile from a "sector outperform" rating to a "sector perform" rating in a research note on Wednesday, October 26th. StockNews.com lowered shares of Banco de Chile from a "buy" rating to a "hold" rating in a report on Monday, October 31st. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $23.00.
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Banco de Chile Price Performance
The firm has a market cap of $10.26 billion, a PE ratio of 5.53, a price-to-earnings-growth ratio of 1.37 and a beta of 0.34. The stock's fifty day moving average price is $19.42 and its 200-day moving average price is $18.77. The company has a debt-to-equity ratio of 3.02, a current ratio of 1.52 and a quick ratio of 1.52.
Banco de Chile (NYSE:BCH – Get Rating) last announced its quarterly earnings data on Friday, October 28th. The bank reported $0.74 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.69 by $0.05. Banco de Chile had a net
margin of 52.75% and a return on equity of 35.03%. The firm had revenue of $536.18 million during the quarter, compared to analyst estimates of $794.85 million. As a group, equities analysts expect that Banco de Chile will post 2.99 EPS for the current fiscal year.
Institutional Investors Weigh In On Banco de Chile
Hedge funds have recently modified their holdings of the company. Sagil Capital LLP acquired a new position in Banco de Chile in the second quarter valued at about $2,503,000. BlackRock Inc. lifted its position in Banco de Chile by 80.4% in the third quarter. BlackRock Inc. now owns 256,655 shares of the bank's stock valued at $4,536,000 after buying an additional 114,359 shares during the last quarter. State of New Jersey Common Pension Fund D acquired a new stake in shares of Banco de Chile during the second quarter worth about $1,153,000. Millennium Management LLC acquired a new stake in shares of Banco de Chile during the second quarter worth about $1,051,000. Finally, Citadel Advisors LLC lifted its position in shares of Banco de Chile by 137.7% during the third quarter. Citadel Advisors LLC now owns 89,979 shares of the bank's stock worth $1,590,000 after purchasing an additional 52,128 shares in the last quarter. Hedge funds and other institutional investors own 0.99% of the company's stock.
Banco de Chile Company Profile
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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 Treasury and Money Market segments. The company offers deposit products, such as checking accounts, current accounts, demand deposits and accounts, saving accounts, and time deposits; commercial, mortgage, consumer, working capital, syndicated, and installment loans; and credit cards.
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