Banco de Chile shares (NYSE:BCH – get rating) have received a “Buy” consensus recommendation from the six analysts currently covering the company, MarketBeat reports. Two analysts rated the stock with a hold recommendation and four issued a buy recommendation on the company. The average 12-month target price among brokers who have issued ratings on the stock in the past year is $23.67.
Several stock analysts have recently issued reports on BCH stock. Scotiabank upgraded Banco de Chile’s shares from a “sector performance” rating to an “outperform” rating in a research note on Wednesday April 13. Zacks Investment Research upgraded Banco de Chile’s shares from a “hold” rating to a “buy” rating and set a $23.00 price target for the stock in a research report on Tuesday, April 12. JPMorgan Chase & Co. downgraded Banco de Chile’s shares from an “overweight” rating to a “neutral” rating and set a price target of $23.00 for the stock. in an investigative report on Thursday, February 17. StockNews.com assumed coverage of Banco de Chile shares in a research report on Thursday, March 31. They issued a “hold” rating on the stock. Finally, Credit Suisse Group upgraded Banco de Chile’s shares from a “neutral” rating to a “superior” rating and raised its share price target from $18.00 to $25.00 in a research report dated Wednesday, March 2 .
BCH shares opened at $19.61 on Thursday. Banco de Chile has a 52-week minimum of $15.60 and a 52-week maximum of $22.74. The company has a market cap of $9.9 billion, a P/E ratio of 11.60, a P/E/Growth ratio of 0.89, and a beta of 0.31. The company’s 50-day moving average is $20.90 and its 200-day moving average is $19.64. The company has a current ratio of 1.53, a quick ratio of 1.53, and a debt-to-equity ratio of 3.12.
Bank of Chile (NYSE: BCH – get rating) last announced its quarterly earnings data on Friday, April 29. The bank reported earnings per share (EPS) of $0.69 for the quarter, beating the consensus estimate of $0.60 by $0.09. The company had revenue of $560.31 million in the quarter, compared to analyst expectations of $742.05 million. Banco de Chile had a net margin of 24.90% and a return on equity of 15.65%. On average, equity research analysts predict that Banco de Chile will post an earnings per share of 2.14 for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its stake in Banco de Chile shares by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 597,813 shares of the bank worth $12,795,000 after purchasing an additional 7,462 shares during the last quarter. Itaú Unibanco Holding SA purchased a new position in Banco de Chile during the fourth quarter for $7,571,000. Banco BTG Pactual SA acquired in the 1st quarter a new stake in Banco de Chile valued at $3,268,000. Millennium Management LLC increased its stake in Banco de Chile by 21.8% in the 3rd quarter. Millennium Management LLC now owns 109,020 shares of the bank valued at $2,016,000 after purchasing an additional 19,507 shares during the period. Finally, State Street Corp increased its stake in Banco de Chile by 0.9% in the fourth quarter. State Street Corp now owns 84,611 shares of the bank valued at $1,329,000 after purchasing an additional 761 shares during the period. Hedge funds and other institutional investors own 0.89% of the company’s shares.
Banco de Chile Company Profile (get rating)
Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through the Retail, Wholesale and Treasury segments. The company offers deposit products, such as current accounts, current accounts, sight accounts and deposits, savings accounts and term deposits; commercial, mortgage, consumer, working capital, syndicated and installment loans; and credit cards.
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