Banco De Chile (NYSE:BCH) has been given a consensus rating of “Buy” by the six ratings firms that are covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $78.00.

A number of brokerages have issued reports on BCH. BidaskClub raised Banco De Chile from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 13th. ValuEngine lowered Banco De Chile from a “buy” rating to a “hold” rating in a research note on Saturday. Credit Suisse Group set a $76.00 target price on Banco De Chile and gave the company a “hold” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research lowered Banco De Chile from a “buy” rating to a “hold” rating in a research note on Tuesday, June 13th.

Banco De Chile (NYSE BCH) traded up 0.36% during trading on Monday, hitting $84.63. 22,430 shares of the stock traded hands. The stock has a market cap of $13.77 billion, a PE ratio of 15.67 and a beta of 0.38. The company has a 50-day moving average price of $79.77 and a 200 day moving average price of $74.87. Banco De Chile has a one year low of $62.99 and a one year high of $86.49.

Banco De Chile (NYSE:BCH) last issued its quarterly earnings data on Monday, May 8th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.36 by $0.06. The company had revenue of $640.30 million for the quarter. Banco De Chile had a net margin of 24.00% and a return on equity of 18.89%. Analysts expect that Banco De Chile will post $5.22 earnings per share for the current year.

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Several hedge funds have recently made changes to their positions in BCH. Nordea Investment Management AB acquired a new stake in shares of Banco De Chile during the first quarter worth $114,000. Parallel Advisors LLC raised its stake in shares of Banco De Chile by 3.4% in the first quarter. Parallel Advisors LLC now owns 1,839 shares of the bank’s stock worth $135,000 after buying an additional 60 shares during the period. Global X Management Co. LLC raised its stake in shares of Banco De Chile by 27.9% in the first quarter. Global X Management Co. LLC now owns 1,931 shares of the bank’s stock worth $139,000 after buying an additional 421 shares during the period. Wexford Capital LP acquired a new stake in shares of Banco De Chile during the first quarter worth $209,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Banco De Chile during the first quarter worth $235,000. Institutional investors own 1.87% of the company’s stock.

Banco De Chile Company Profile

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