Banco De Chile (NYSE:BCH) Receives Average Rating of “Reduce” from Analysts

Shares of Banco De Chile (NYSE:BCH) have earned a consensus recommendation of “Reduce” from the five analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $37.00.

BCH has been the subject of several research reports. UBS Group set a $39.00 price target on shares of Banco De Chile and gave the stock a “neutral” rating in a research note on Friday, May 22nd. Weiss Ratings downgraded shares of Banco De Chile from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, Zacks Research upgraded shares of Banco De Chile from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 11th.

Hedge Funds Weigh In On Banco De Chile

A number of institutional investors and hedge funds have recently modified their holdings of BCH. Caitong International Asset Management Co. Ltd lifted its position in Banco De Chile by 33,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 680 shares of the bank’s stock valued at $26,000 after acquiring an additional 678 shares during the last quarter. SPX Gestao de Recursos Ltda purchased a new stake in Banco De Chile in the first quarter valued at $53,000. EverSource Wealth Advisors LLC lifted its position in Banco De Chile by 161.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock valued at $46,000 after acquiring an additional 929 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Banco De Chile by 286.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,722 shares of the bank’s stock valued at $66,000 after acquiring an additional 1,276 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Banco De Chile by 2,425.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,500 shares of the bank’s stock valued at $76,000 after acquiring an additional 2,401 shares during the last quarter. Institutional investors and hedge funds own 1.24% of the company’s stock.

Banco De Chile Stock Performance

NYSE:BCH opened at $38.64 on Thursday. The company has a fifty day simple moving average of $37.64 and a two-hundred day simple moving average of $39.24. The company has a market cap of $19.52 billion, a price-to-earnings ratio of 15.97 and a beta of 0.23. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 2.00. Banco De Chile has a 52 week low of $27.08 and a 52 week high of $46.77.

Banco De Chile (NYSE:BCH) last posted its quarterly earnings results on Tuesday, March 31st. The bank reported $0.57 EPS for the quarter. The business had revenue of $321.27 million during the quarter. Banco De Chile had a net margin of 29.95% and a return on equity of 19.47%. As a group, equities analysts anticipate that Banco De Chile will post 2.8 earnings per share for the current fiscal year.

Banco De Chile Dividend Announcement

The firm also recently declared a special dividend, which was paid on Monday, April 13th. Shareholders of record on Monday, March 30th were paid a $2.1877 dividend. The ex-dividend date was Monday, March 30th. Banco De Chile’s payout ratio is 68.18%.

Banco De Chile Company Profile

Banco de Chile (NYSE: BCH) is a leading Chilean financial institution headquartered in Santiago. Founded in 1893, the bank is one of the country’s oldest and most established banking groups, serving a broad spectrum of individual, corporate and institutional clients. It is publicly listed and operates under Chilean banking regulations while participating in international capital markets.

The bank’s core businesses include retail banking, commercial and corporate banking, and investment banking.