Shares of Banco de Chile (NYSE:BCH – Get Rating) have earned an average rating of "Hold" from the eight ratings firms that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $23.00.
BCH has been the topic of several recent analyst reports. Scotiabank downgraded Banco de Chile from a "sector outperform" rating to a "sector perform" rating in a report on Wednesday, October 26th. StockNews.com downgraded Banco de Chile from a "buy" rating to a "hold" rating in a report on Monday, October 31st.
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Banco de Chile Price Performance
NYSE BCH opened at $21.12 on Tuesday. The company has a market cap of $10.67 billion, a P/E ratio of 5.75, a P/E/G ratio of 1.37 and a beta of 0.34. Banco de Chile has a 1 year low of $15.64 and a 1 year high of $22.74. The company has a fifty day simple moving average of $19.54 and a 200 day simple moving average of $18.84. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 3.02.
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 company had revenue of $536.18 million during the quarter, compared to analysts' expectations of $794.85 million. On average, sell-side analysts predict that Banco de Chile will post 2.99 EPS for the current year.
Institutional Trading of Banco de Chile
Several institutional investors and hedge funds have recently made changes to their positions in the business. Quadrant Capital Group LLC increased its position in shares of Banco de Chile by 138.2% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,553 shares of the bank's stock valued at $45,000 after buying an additional 1,481 shares in the last quarter. Ronald Blue Trust Inc. increased its position in shares of Banco de Chile by 700.0% in the 4th quarter. Ronald Blue Trust Inc. now owns 2,568 shares of the bank's stock valued at $45,000 after buying an additional 2,247 shares in the last quarter. Tower Research Capital LLC TRC increased its position in shares of Banco de Chile by 473.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,663 shares of the bank's stock valued at $47,000 after buying an additional 2,199 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Banco de Chile in the 2nd quarter valued at $120,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in shares of Banco de Chile in the 4th quarter valued at $134,000. Institutional investors own 0.99% of the company's stock.
About Banco de Chile
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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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