Banco De Chile (NYSE:BCH) Stock Has Average Price Target of $39.67

Banco De Chile (NYSE:BCH) has received an average rating of “Reduce” from the five brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $39.67.

A number of equities research analysts recently commented on the company. Weiss Ratings cut Banco De Chile from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 9th. JPMorgan Chase & Co. cut their target price on Banco De Chile from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 6th. Finally, Wall Street Zen upgraded Banco De Chile from a “sell” rating to a “hold” rating in a report on Saturday, August 8th.

Banco De Chile Price Performance

BCH opened at $38.93 on Wednesday. The company has a fifty day moving average price of $40.92 and a two-hundred day moving average price of $39.59. The firm has a market capitalization of $19.66 billion, a PE ratio of 14.75 and a beta of 0.20. Banco De Chile has a 52 week low of $32.41 and a 52 week high of $46.77. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.48 and a current ratio of 1.48.

Banco De Chile (NYSE:BCH) last posted its quarterly earnings results on Wednesday, July 1st. The bank reported $0.84 earnings per share for the quarter. Banco De Chile had a return on equity of 21.10% and a net margin of 31.01%. The company had revenue of $999.95 million for the quarter. As a group, analysts anticipate that Banco De Chile will post 2.80 earnings per share for the current year.

Institutional Trading of Banco De Chile

A number of institutional investors and hedge funds have recently modified their holdings of BCH. Quantinno Capital Management LP grew its holdings in Banco De Chile by 30.6% during the first quarter. Quantinno Capital Management LP now owns 72,354 shares of the bank’s stock valued at $2,680,000 after purchasing an additional 16,932 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in Banco De Chile by 17.1% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 69,482 shares of the bank’s stock valued at $2,763,000 after purchasing an additional 10,157 shares in the last quarter. Advisors Preferred LLC raised 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 worth $1,026,000 after purchasing an additional 20,393 shares during the period. Lazard Asset Management LLC raised its holdings in Banco De Chile by 4.6% in the first quarter. Lazard Asset Management LLC now owns 25,849 shares of the bank’s stock worth $957,000 after purchasing an additional 1,137 shares during the period. Finally, Hsbc Holdings PLC bought a new position in shares of Banco De Chile during the fourth quarter worth $878,000. 1.24% of the stock is owned by institutional investors.

About Banco De Chile

Banco de Chile is a full-service commercial bank headquartered in Santiago, Chile. Founded in 1893, it is one of the country’s longstanding financial institutions and provides banking services to individuals, businesses, corporations and institutional clients throughout Chile.

The bank offers a broad range of products and services, including checking and savings accounts, consumer and commercial loans, mortgages, credit and debit cards, payment services, foreign-exchange transactions, investment products and financial advisory services.