Banco De Chile (NYSE:BCH) was downgraded by stock analysts at Bank of America from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Thursday, The Fly reports.
A number of other equities analysts have also recently commented on the company. Zacks Investment Research raised Banco De Chile from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine cut Banco De Chile from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Credit Suisse Group reaffirmed a “hold” rating on shares of Banco De Chile in a report on Friday, December 22nd. Scotiabank cut Banco De Chile from an “outperform” rating to a “sector perform” rating in a report on Tuesday, October 24th. Finally, Santander raised Banco De Chile from a “hold” rating to a “buy” rating in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $88.67.
Shares of Banco De Chile (BCH) traded up $1.46 during trading on Thursday, reaching $103.60. The company had a trading volume of 30,900 shares, compared to its average volume of 24,955. Banco De Chile has a one year low of $69.48 and a one year high of $104.76. The company has a market cap of $17,067.59, a PE ratio of 20.25, a P/E/G ratio of 2.01 and a beta of 0.41. The company has a current ratio of 1.42, a quick ratio of 1.39 and a debt-to-equity ratio of 2.50.
Banco De Chile (NYSE:BCH) last announced its earnings results on Thursday, November 2nd. The bank reported $1.26 EPS for the quarter, missing the Zacks’ consensus estimate of $1.37 by ($0.11). Banco De Chile had a return on equity of 18.18% and a net margin of 24.17%. equities research analysts anticipate that Banco De Chile will post 5.63 EPS for the current fiscal year.
Large investors have recently bought and sold shares of the business. Nordea Investment Management AB raised its holdings in Banco De Chile by 140.2% during the second quarter. Nordea Investment Management AB now owns 3,788 shares of the bank’s stock valued at $295,000 after acquiring an additional 2,211 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Banco De Chile by 47.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,395 shares of the bank’s stock valued at $401,000 after acquiring an additional 1,411 shares during the period. Banco BTG Pactual S.A. raised its holdings in Banco De Chile by 69.0% during the second quarter. Banco BTG Pactual S.A. now owns 4,900 shares of the bank’s stock valued at $382,000 after acquiring an additional 2,000 shares during the period. Stifel Financial Corp raised its holdings in Banco De Chile by 4.5% during the second quarter. Stifel Financial Corp now owns 9,100 shares of the bank’s stock valued at $706,000 after acquiring an additional 391 shares during the period. Finally, Crossmark Global Holdings Inc. bought a new stake in Banco De Chile during the third quarter valued at about $976,000. 1.41% of the stock is currently 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.