Banco de Chile shares (NYSE:BCH – get rating) have received an average “Hold” rating from the eight analysts currently covering the stock, reports MarketBeat. Four research analysts rated the stock a hold rating and three assigned a buy rating to the company. The average 1-year target price among brokers who have reported the stock in the past year is $23.00.

Several stock analysts have recently opined on the stock. assumed coverage on Banco de Chile shares in a research note on Wednesday. They issued a “hold” rating on the stock. Credit Suisse Group lowered the price target for Banco de Chile shares to $21.00 in a research report on Monday, August 22.

Institutional investors give their opinion on Banco de Chile

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new stake in Banco de Chile stock in the second quarter valued at about $120,000. Atlas Capital Advisors LLC bought a new stake in Banco de Chile shares in the second quarter valued at about $136,000. Advisors Asset Management Inc. bought a new stake in Banco de Chile stock in the second quarter valued at about $148,000. Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in Banco de Chile in the second quarter for approximately $219,000. Finally, Whittier Trust Co. acquired a new position in Banco de Chile in the first quarter for approximately $230,000. Currently, 1.10% of the shares are owned by institutional investors.

Banco de Chile trades down 1.4%

NYSE BCH opened at $18.29 on Friday. Banco de Chile has a 1-year minimum of $15.60 and a 1-year maximum of $22.74. The company has a current ratio of 1.46, a quick ratio of 1.46, and a debt-to-equity ratio of 3.17. The company has a market capitalization of $9.24 billion, a PE ratio of 5.41, a price/earnings growth ratio of 0.80, and a beta of 0.38. The company’s 50-day simple moving average is $18.72 and its 200-day simple moving average is $19.30.

Bank of Chile (NYSE: BCH – get rating) last published its quarterly earnings results on Friday, July 29. The bank reported earnings per share of $1.03 in the quarter, beating analyst consensus estimates of $0.63 by $0.40. Banco de Chile had a net margin of 49.07% and a return on equity of 32.11%. The business had revenue of $580.90 million for the quarter, compared to the consensus estimate of $792.40 million. As a group, sell-side analysts expect Banco de Chile to post an earnings per share of 2.79 for the current fiscal year.

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 Banking, Wholesale Banking and Treasury and Money Market 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.

Related Posts

Analyst recommendations for Banco de Chile (NYSE:BCH)

This instant news alert was powered by MarketBeat’s financial data and narrative science technology to provide readers with the fastest and most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Before you consider Banco de Chile, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that leading analysts are quietly whispering to their clients to buy now before the broader market realizes it… and Banco de Chile was not on the list.

While Banco de Chile currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here


Drug trafficker sentenced to 23 years in prison | USAO-NM


Automotive Dealer Services Company: Strong, with Challenges

Check Also