Banco De Chile (NYSE:BCH) Stock Has Consensus Target Price of $39.67

Key Points

• Banco De Chile has a consensus “Reduce” rating from five analysts: one recommends selling and four recommend holding. The average 12-month price target is $39.67, near the stock’s reported opening price of $39.14.
• Recent analyst actions were mixed but generally cautious: JPMorgan lowered its price target to $44 and maintained a neutral rating, while Weiss Ratings downgraded its hold assessment and Wall Street Zen upgraded the stock from sell to hold.
• The bank reported quarterly EPS of $0.84, revenue of approximately $999.95 million, a 31.01% net margin, and a 21.10% return on equity. Institutional investors own a relatively small 1.24% of outstanding shares.

Shares of Banco De Chile (NYSE:BCH - Get Free Report) have received a consensus rating of "Reduce" from the five analysts that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $39.67.

Several brokerages have issued reports on BCH. Weiss Ratings downgraded Banco De Chile from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday. JPMorgan Chase & Co. decreased their price objective on shares of Banco De Chile from $45.00 to $44.00 and set a "neutral" rating on the stock in a report on Tuesday, October 6th. Finally, Wall Street Zen raised shares of Banco De Chile from a "sell" rating to a "hold" rating in a research report on Saturday, August 8th.

Banco De Chile Stock Performance

Shares of Banco De Chile stock opened at $39.14 on Wednesday. The company has a debt-to-equity ratio of 1.94, a current ratio of 1.48 and a quick ratio of 1.48. The firm has a market cap of $19.77 billion, a price-to-earnings ratio of 14.82 and a beta of 0.20. The stock's 50-day moving average is $41.08 and its 200-day moving average is $39.55. Banco De Chile has a one year low of $30.64 and a one year high of $46.77.

Banco De Chile (NYSE:BCH - Get Free Report) last posted its quarterly earnings data on Wednesday, July 1st. The bank reported $0.84 EPS for the quarter. Banco De Chile had a net margin of 31.01% and a return on equity of 21.10%. The company had revenue of $999.95 million during the quarter. Equities analysts predict that Banco De Chile will post 2.84 earnings per share for the current fiscal year.

Institutional Trading of Banco De Chile

A number of institutional investors have recently bought and sold shares of BCH. Caitong International Asset Management Co. Ltd boosted its holdings in shares of 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 valued at $31,000 after acquiring an additional 807 shares in the last quarter. SPX Gestao de Recursos Ltda acquired a new position in Banco De Chile in the 1st quarter worth about $53,000. EverSource Wealth Advisors LLC increased its holdings in Banco De Chile by 94.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 2,944 shares of the bank's stock worth $109,000 after purchasing an additional 1,433 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new position in Banco De Chile in the 1st quarter worth about $213,000. Finally, PNC Financial Services Group Inc. raised its position in Banco De Chile by 3.9% in the first quarter. PNC Financial Services Group Inc. now owns 7,972 shares of the bank's stock valued at $295,000 after purchasing an additional 298 shares during the last quarter. Institutional investors own 1.24% of the company's stock.

Banco De Chile Company Profile

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

The bank provides a broad range of financial products and services, including consumer and commercial loans, checking and savings accounts, credit and debit cards, mortgages, cash management, foreign exchange, and investment services. It also offers corporate and investment banking, treasury services, trade finance, and capital markets activities.

Banco de Chile serves customers through a nationwide network of branches and digital banking channels.

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