Banco De Chile (NYSE:BCH) Receives Consensus Rating of "Reduce" from Brokerages

Key Points

• Banco De Chile has a consensus “Reduce” rating from five analysts: one recommends selling and four rate the stock as a hold. The average 12-month price target is $40.00.
• BCH shares opened at $40.80 and were trading down 1.4%, with a 12-month range of $29.11 to $46.77. The bank reported quarterly EPS of $0.84 on revenue of approximately $999.95 million.
• Institutional investors have recently increased or initiated positions, although they collectively own only 1.24% of the stock.

Banco De Chile (NYSE:BCH - Get Free Report) has earned a consensus rating of "Reduce" from the five analysts that are currently covering the firm, Marketbeat Ratings reports. One 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 brokerages that have issued ratings on the stock in the last year is $40.00.

Several analysts have issued reports on the company. UBS Group set a $39.00 target price on Banco De Chile and gave the stock a "neutral" rating in a research note on Friday, May 22nd. JPMorgan Chase & Co. boosted their price objective on shares of Banco De Chile from $42.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Wall Street Zen raised shares of Banco De Chile from a "sell" rating to a "hold" rating in a research note on Saturday, August 8th. Finally, Weiss Ratings raised shares of Banco De Chile from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 3rd.

Banco De Chile Trading Down 1.4%

Shares of BCH stock opened at $40.80 on Friday. The business has a 50-day moving average price of $41.35 and a two-hundred day moving average price of $39.38. Banco De Chile has a 12-month low of $29.11 and a 12-month high of $46.77. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.94. The firm has a market cap of $20.61 billion, a P/E ratio of 15.45 and a beta of 0.23.

Banco De Chile (NYSE:BCH - Get Free Report) last announced its quarterly earnings data on Wednesday, July 1st. The bank reported $0.84 EPS for the quarter. The firm had revenue of $999.95 million for the quarter. Banco De Chile had a return on equity of 21.10% and a net margin of 31.01%. Equities analysts anticipate that Banco De Chile will post 2.87 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hsbc Holdings PLC bought a new position in shares of Banco De Chile during the fourth quarter valued at approximately $878,000. Advisors Preferred LLC boosted its holdings in Banco De Chile by 278.9% in the first quarter. Advisors Preferred LLC now owns 27,706 shares of the bank's stock valued at $1,026,000 after acquiring an additional 20,393 shares in the last quarter. Eurizon Capital SGR S.p.A. purchased a new position in Banco De Chile during the 4th quarter valued at $746,000. ABS Direct Equity Fund LLC bought a new position in Banco De Chile in the 2nd quarter worth $749,000. Finally, Quantinno Capital Management LP raised its holdings in Banco De Chile by 30.6% in the 1st quarter. Quantinno Capital Management LP now owns 72,354 shares of the bank's stock worth $2,680,000 after purchasing an additional 16,932 shares in the last quarter. 1.24% of the stock is owned by institutional investors.

Banco De Chile Company Profile

Banco de Chile is a full-service financial institution headquartered in Santiago, Chile. Founded in 1893, it is one of the country's largest and longest-established banks and serves individuals, businesses, corporations and institutional clients.

The bank provides a broad range of banking and financial services, including checking and savings accounts, consumer and commercial loans, mortgages, credit and debit cards, payment services, cash management, trade finance and foreign-exchange services.

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