Separately, Credit Suisse Group lowered the price target for Banco de Chile shares to $21.00 in a research report on Monday, August 22. Four investment analysts rated the stock a hold rating and four issued a buy rating on the stock. According to data from MarketBeat.com, Banco de Chile currently has a “Moderate Buy” consensus rating and a consensus price target of $23.00.
Banco de Chile Trades up 1.7%
NYSE: BCH traded as high as $0.31 during trading hours on Friday, reaching $18.05. The stock had a trading volume of 221,027 shares, compared to its average volume of 152,319. The company has a market cap of $9.12 billion, a P/E ratio of 5.34, a P/E/E ratio of 0.80, and a beta of 0.38. Banco de Chile has a one-year minimum of $15.60 and a one-year maximum of $22.74. The firm has a debt-to-equity ratio of 3.17, a quick ratio of 1.46, and a current ratio of 1.46. The company’s 50-day moving average is $18.62 and its 200-day moving average is $19.20.
Chile bank (NYSE: BCH – get rating) last announced 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. The firm had revenue of $580.90 million in the quarter, compared to analyst estimates of $792.40 million. Banco de Chile had a net margin of 49.07% and a return on equity of 32.11%. Sell-side analysts expect Banco de Chile to post 2.84 EPS for the current fiscal year.
Institutional investors give their opinion on Banco de Chile
Several institutional investors have recently increased or decreased their holdings in BCH. TCW Group Inc. purchased a new stake in Banco de Chile shares in the 1st quarter valued at around $290,000. Whittier Trust Co. acquired a new stake in Banco de Chile during the 1st quarter valued at approximately $230,000. Envestnet Asset Management Inc. increased its position in Banco de Chile by 107.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 21,082 shares of the bank valued at $452,000 after purchasing an additional 10,935 shares during the period. Crossmark Global Holdings Inc. increased its stake in Banco de Chile by 2.6% during the 1st quarter. Crossmark Global Holdings Inc. now owns 24,372 shares of the bank worth $522,000 after buying an additional 612 shares last quarter. Finally, Banco BTG Pactual SA acquired in the 1st quarter a new position in Banco de Chile shares for an approximate value of $3,268,000. 1.10% of the shares are owned by institutional investors.
About Banco de Chile
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 time deposits; commercial, mortgage, consumer, working capital, syndicated and installment loans; and credit cards.
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 actions that the main analysts are quietly whispering to their clients to buy now before the general 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.