Banco De Chile (NYSE:BCH) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Key Points

• Technical breakout: Banco de Chile shares passed above their 200‑day moving average of $37.85, trading as high as $38.76 and last at $38.58, up about 1.8% on the session.
• Analyst sentiment is muted: The consensus rating is "Reduce" with a $40.00 price target, based on four Hold ratings and one Sell, reflecting mixed analyst views and varied price targets.
• Fundamentals and dividend: The bank missed quarterly EPS and revenue estimates but reported a strong ROE (23.94%) and declared a special dividend of $2.1877 per share (ex‑dividend March 30, payable April 13), with a payout ratio around 59%.

Banco De Chile (NYSE:BCH - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $37.85 and traded as high as $38.76. Banco De Chile shares last traded at $38.58, with a volume of 565,875 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Zacks Research upgraded Banco De Chile from a "strong sell" rating to a "hold" rating in a report on Wednesday, March 11th. UBS Group set a $48.00 price target on Banco De Chile and gave the company a "neutral" rating in a report on Friday, February 6th. JPMorgan Chase & Co. boosted their price target on Banco De Chile from $33.00 to $36.00 and gave the company a "neutral" rating in a report on Friday, January 16th. The Goldman Sachs Group downgraded Banco De Chile from a "hold" rating to a "sell" rating and set a $36.00 price target for the company. in a report on Tuesday, January 13th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Banco De Chile in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Reduce" and a consensus price target of $40.00.

Banco De Chile Trading Up 1.8%

The firm has a market capitalization of $19.49 billion, a price-to-earnings ratio of 13.83 and a beta of 0.22. The company has a debt-to-equity ratio of 2.09, a quick ratio of 1.53 and a current ratio of 1.59. The business has a fifty day moving average price of $40.46 and a 200 day moving average price of $37.85.

Banco De Chile (NYSE:BCH - Get Free Report) last released its quarterly earnings data on Thursday, January 29th. The bank reported $0.58 EPS for the quarter, missing analysts' consensus estimates of $0.60 by ($0.02). The firm had revenue of $831.63 million for the quarter, compared to analyst estimates of $878.92 million. Banco De Chile had a return on equity of 23.94% and a net margin of 33.09%. As a group, equities analysts forecast that Banco De Chile will post 2.31 earnings per share for the current year.

Banco De Chile Dividend Announcement

The company also recently disclosed a special dividend, which will be paid on Monday, April 13th. Stockholders of record on Monday, March 30th will be issued a dividend of $2.1877 per share. The ex-dividend date is Monday, March 30th. Banco De Chile's dividend payout ratio is presently 59.14%.

Institutional Trading of Banco De Chile

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Hsbc Holdings PLC acquired a new stake in shares of Banco De Chile during the 4th quarter worth $878,000. Caitong International Asset Management Co. Ltd boosted its position in Banco De Chile by 40,350.0% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 809 shares of the bank's stock worth $31,000 after purchasing an additional 807 shares during the period. Compound Planning Inc. purchased a new stake in Banco De Chile during the 4th quarter worth $271,000. XTX Topco Ltd purchased a new stake in Banco De Chile during the 4th quarter worth $890,000. Finally, Millennium Management LLC boosted its position in Banco De Chile by 56.0% during the 4th quarter. Millennium Management LLC now owns 75,883 shares of the bank's stock worth $2,884,000 after purchasing an additional 27,232 shares during the period. 1.24% of the stock is currently owned by institutional investors and hedge funds.

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.

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