Banco De Chile (NYSE:BCH) Given Average Rating of “Reduce” by Analysts

Shares of Banco De Chile (NYSE:BCH) have been given an average recommendation of “Reduce” by the five ratings firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $37.00.

A number of research analysts have issued reports on BCH shares. UBS Group set a $39.00 target price on Banco De Chile and gave the company a “neutral” rating in a research report on Friday, May 22nd. Zacks Research raised shares of Banco De Chile from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. Finally, 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.

Institutional Trading of Banco De Chile

Hedge funds have recently added to or reduced their stakes in the stock. Pekin Hardy Strauss Inc. increased its holdings in shares of Banco De Chile by 440.3% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 51,325 shares of the bank’s stock worth $1,950,000 after buying an additional 41,825 shares in the last quarter. UBS Group AG lifted its stake in shares of Banco De Chile by 110.0% in the 4th quarter. UBS Group AG now owns 494,082 shares of the bank’s stock valued at $18,775,000 after acquiring an additional 258,844 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Banco De Chile by 158.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 41,874 shares of the bank’s stock valued at $1,591,000 after acquiring an additional 25,643 shares in the last quarter. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Banco De Chile during the 4th quarter valued at $746,000. Finally, Ethic Inc. grew its position in Banco De Chile by 33.6% during the 4th quarter. Ethic Inc. now owns 63,284 shares of the bank’s stock worth $2,405,000 after acquiring an additional 15,911 shares during the last quarter. Institutional investors and hedge funds own 1.24% of the company’s stock.

Banco De Chile Trading Up 0.2%

Shares of BCH opened at $39.45 on Monday. Banco De Chile has a 52-week low of $27.08 and a 52-week high of $46.77. The business’s fifty day moving average is $38.03 and its 200-day moving average is $39.47. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market cap of $19.93 billion, a price-to-earnings ratio of 16.30 and a beta of 0.23.

Banco De Chile (NYSE:BCH) last announced its quarterly earnings data on Tuesday, March 31st. The bank reported $0.57 earnings per share for the quarter. The business had revenue of $321.27 million during the quarter. Banco De Chile had a return on equity of 19.47% and a net margin of 29.95%. Equities analysts anticipate that Banco De Chile will post 2.76 EPS for the current fiscal year.

About Banco De Chile

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.