Banco de Chile (NYSE:BCH) has been given an average rating of “Hold” by the nine ratings firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, one has given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $91.50.
Several research analysts have weighed in on BCH shares. Zacks Investment Research upgraded Banco de Chile from a “sell” rating to a “hold” rating in a research note on Tuesday, March 13th. Credit Suisse Group reiterated a “hold” rating on shares of Banco de Chile in a research note on Friday, December 22nd. ValuEngine downgraded Banco de Chile from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Bank of America downgraded Banco de Chile from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 18th. Finally, Deutsche Bank downgraded Banco de Chile from a “hold” rating to a “sell” rating and set a $91.00 target price on the stock. in a research note on Wednesday, January 24th.
Shares of Banco de Chile (NYSE BCH) traded up $0.50 during mid-day trading on Thursday, hitting $102.15. The company’s stock had a trading volume of 253,279 shares, compared to its average volume of 40,063. Banco de Chile has a one year low of $70.12 and a one year high of $106.50. The stock has a market cap of $17,069.27, a P/E ratio of 18.89, a P/E/G ratio of 1.09 and a beta of 0.43. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 2.47.
Banco de Chile (NYSE:BCH) last announced its earnings results on Friday, February 2nd. The bank reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.39 by $0.01. Banco de Chile had a return on equity of 19.47% and a net margin of 24.77%. The company had revenue of $705.70 million for the quarter, compared to the consensus estimate of $725.81 million. research analysts expect that Banco de Chile will post 6.09 EPS for the current year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Millennium Management LLC lifted its holdings in shares of Banco de Chile by 483.6% in the 4th quarter. Millennium Management LLC now owns 18,261 shares of the bank’s stock valued at $1,763,000 after buying an additional 15,132 shares during the period. Deutsche Bank AG raised its holdings in Banco de Chile by 167.8% during the fourth quarter. Deutsche Bank AG now owns 60,991 shares of the bank’s stock worth $5,886,000 after purchasing an additional 38,212 shares during the last quarter. Renaissance Technologies LLC raised its holdings in Banco de Chile by 1.6% during the fourth quarter. Renaissance Technologies LLC now owns 614,740 shares of the bank’s stock worth $59,341,000 after purchasing an additional 9,388 shares during the last quarter. Invictus RG acquired a new position in Banco de Chile during the fourth quarter worth $1,522,000. Finally, Amundi Pioneer Asset Management Inc. acquired a new position in Banco de Chile during the fourth quarter worth $3,548,000. 1.30% of the stock is owned by institutional investors and hedge funds.
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Banco de Chile Company Profile
Banco de Chile is a full service financial institution, which is engaged in providing credit and non-credit products and services in Chile. The Bank offers a range of banking services to its customers, ranging from individuals to corporations. The Bank’s segments include Retail, which focuses on individuals and small and medium-sized companies, where the product offering focuses on consumer loans, commercial loans, checking accounts, credit cards, credit lines and mortgage loans; Wholesale, which focuses on corporate clients and companies, where the product offering focuses on commercial loans, checking accounts and liquidity management services, debt instruments, foreign trade, derivative contracts and leases; Treasury, which includes the associated revenues to the management of the investment portfolio and the business of financial transactions and currency trading, and Subsidiaries, which corresponds to companies and corporations controlled by the Bank.
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