Equities analysts expect that Banco de Chile (NYSE:BCH) will post earnings of $1.31 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Banco de Chile’s earnings, with the lowest EPS estimate coming in at $1.26 and the highest estimate coming in at $1.33. Banco de Chile reported earnings of $1.79 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 26.8%. The firm is expected to report its next earnings results on Monday, August 7th.

On average, analysts expect that Banco de Chile will report full year earnings of $5.40 per share for the current fiscal year, with EPS estimates ranging from $5.16 to $5.64. For the next financial year, analysts expect that the company will post earnings of $5.87 per share, with EPS estimates ranging from $5.49 to $6.10. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Banco de Chile.

Banco de Chile (NYSE:BCH) last released its earnings results on Monday, May 8th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.36 by $0.06. Banco de Chile had a return on equity of 21.80% and a net margin of 31.85%. The company had revenue of $640.30 million during the quarter.

Several research firms have recently weighed in on BCH. BidaskClub cut shares of Banco de Chile from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. ValuEngine cut shares of Banco de Chile from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Credit Suisse Group set a $76.00 target price on shares of Banco de Chile and gave the stock a “hold” rating in a report on Saturday, July 1st. Finally, Zacks Investment Research cut shares of Banco de Chile from a “buy” rating to a “hold” rating in a report on Tuesday, June 13th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $81.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in BCH. Karp Capital Management Corp purchased a new stake in Banco de Chile during the first quarter valued at about $8,365,000. Renaissance Technologies LLC raised its stake in Banco de Chile by 10.8% in the first quarter. Renaissance Technologies LLC now owns 630,152 shares of the bank’s stock valued at $45,472,000 after buying an additional 61,600 shares during the period. AQR Capital Management LLC raised its stake in Banco de Chile by 21.2% in the first quarter. AQR Capital Management LLC now owns 94,163 shares of the bank’s stock valued at $6,795,000 after buying an additional 16,468 shares during the period. Goldman Sachs Group Inc. raised its stake in Banco de Chile by 11.2% in the first quarter. Goldman Sachs Group Inc. now owns 156,725 shares of the bank’s stock valued at $11,309,000 after buying an additional 15,823 shares during the period. Finally, Morgan Stanley raised its stake in Banco de Chile by 59.3% in the first quarter. Morgan Stanley now owns 35,186 shares of the bank’s stock valued at $2,539,000 after buying an additional 13,099 shares during the period. Institutional investors and hedge funds own 1.77% of the company’s stock.

Banco de Chile (NYSE:BCH) traded up 0.75% during midday trading on Tuesday, reaching $86.50. 20,356 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $82.08 and its 200 day moving average is $75.94. The stock has a market cap of $14.45 billion, a P/E ratio of 16.02 and a beta of 0.40. Banco de Chile has a 1-year low of $64.66 and a 1-year high of $87.20.

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