Banco de Chile (NYSE:BCH – Get Rating)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $18.67 and traded as high as $20.31. Banco de Chile shares last traded at $20.14, with a volume of 83,534 shares trading hands.
Wall Street Analysts Forecast Growth
Several research firms have recently commented on BCH. StockNews.com downgraded Banco de Chile from a "buy" rating to a "hold" rating in a research report on Monday, October 31st. Scotiabank downgraded Banco de Chile from a "sector outperform" rating to a "sector perform" rating in a research report on Wednesday, October 26th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Banco de Chile has a consensus rating of "Hold" and an average price target of $23.00.
Get Banco de Chile alerts:Banco de Chile Stock Up 1.5 %
The firm has a market cap of $10.17 billion, a price-to-earnings ratio of 5.49, a P/E/G ratio of 1.32 and a beta of 0.34. The company has a debt-to-equity ratio of 3.02, a current ratio of 1.52 and a quick ratio of 1.52. The stock has a 50-day moving average of $19.15 and a 200-day moving average of $18.67.
Banco de Chile (NYSE:BCH – Get Rating) last issued its quarterly earnings results on Friday, October 28th. The bank reported $0.74 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.05. The business had revenue of $536.18 million for the quarter, compared to the consensus estimate of $794.85 million. Banco de Chile had a return on equity of 35.03% and a net margin of 52.75%. Sell-side analysts predict that Banco de Chile will post 2.99 EPS for the current fiscal year.Institutional Investors Weigh In On Banco de Chile
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrant Capital Group LLC lifted its stake in Banco de Chile by 138.2% during the third quarter. Quadrant Capital Group LLC now owns 2,553 shares of the bank's stock worth $45,000 after purchasing an additional 1,481 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Banco de Chile by 473.9% during the third quarter. Tower Research Capital LLC TRC now owns 2,663 shares of the bank's stock worth $47,000 after purchasing an additional 2,199 shares during the last quarter. SG Americas Securities LLC bought a new stake in Banco de Chile during the second quarter worth $120,000. Atlas Capital Advisors LLC bought a new stake in Banco de Chile during the second quarter worth $136,000. Finally, Advisors Asset Management Inc. bought a new stake in Banco de Chile during the second quarter worth $148,000. 0.99% of the stock is currently owned by institutional investors.
About Banco de Chile
(Get Rating)
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.
See Also
- Get a free copy of the StockNews.com research report on Banco de Chile (BCH)
- Why Wall Street Has Bullish Targets on Target Stock
- 3 Airline Stocks Taking Off in 2023
- What Macy's Guidance Means For Retail
- Fortinet Stock Price Bumpy, Here Is Why
- Apexigen Stock Soars After Analyst Rating, Is It Time to Buy?
Receive News & Ratings for Banco de Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Banco de Chile and related companies with MarketBeat.com's FREE daily email newsletter.