Banco De Chile (NYSE:BCH) Given Consensus Recommendation of “Reduce” by Analysts

Shares of Banco De Chile (NYSE:BCH) have been given a consensus rating of “Reduce” by the five analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $40.00.

A number of research firms recently commented on BCH. JPMorgan Chase & Co. lifted their price objective on Banco De Chile from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings raised shares of Banco De Chile from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of Banco De Chile from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th.

Institutional Trading of Banco De Chile

Institutional investors have recently added to or reduced their stakes in the stock. Quantinno Capital Management LP increased its position in shares of Banco De Chile by 30.6% in the 1st quarter. Quantinno Capital Management LP now owns 72,354 shares of the bank’s stock worth $2,680,000 after purchasing an additional 16,932 shares during the last quarter. Advisors Preferred LLC increased its holdings in Banco De Chile by 278.9% in the first quarter. Advisors Preferred LLC now owns 27,706 shares of the bank’s stock valued at $1,026,000 after buying an additional 20,393 shares during the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in Banco De Chile during the fourth quarter valued at approximately $746,000. Hsbc Holdings PLC acquired a new stake in Banco De Chile during the fourth quarter valued at approximately $878,000. Finally, ABS Direct Equity Fund LLC bought a new position in Banco De Chile during the 2nd quarter worth approximately $749,000. 1.24% of the stock is owned by institutional investors and hedge funds.

Banco De Chile Trading Down 1.0%

NYSE BCH opened at $41.86 on Friday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.48 and a current ratio of 1.48. The firm’s fifty day moving average is $41.44 and its two-hundred day moving average is $39.45. Banco De Chile has a one year low of $29.71 and a one year high of $46.77. The firm has a market cap of $21.14 billion, a PE ratio of 15.86 and a beta of 0.23.

Banco De Chile (NYSE:BCH) last announced its quarterly earnings data on Wednesday, July 1st. The bank reported $0.84 earnings per share (EPS) for the quarter. Banco De Chile had a net margin of 31.01% and a return on equity of 21.10%. The company had revenue of $999.95 million for the quarter. Analysts expect that Banco De Chile will post 2.87 earnings per share for the current year.

Banco De Chile Company Profile

Banco de Chile is a full-service financial institution headquartered in Santiago, Chile. Founded in 1893, it is one of the country’s largest and longest-established banks and serves individuals, businesses, corporations and institutional clients.

The bank provides a broad range of banking and financial services, including checking and savings accounts, consumer and commercial loans, mortgages, credit and debit cards, payment services, cash management, trade finance and foreign-exchange services.