Banco de Chile (NYSE:BCH) Price Target Raised to $21.00

Banco de Chile (NYSE:BCH - Get Free Report) had its target price raised by JPMorgan Chase & Co. from $20.00 to $21.00 in a report issued on Tuesday, Benzinga reports. The firm presently has a "neutral" rating on the bank's stock. JPMorgan Chase & Co.'s target price points to a potential downside of 2.60% from the company's previous close.

Separately, HSBC cut Banco de Chile from a "buy" rating to a "hold" rating in a report on Tuesday, December 19th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $22.00.

Banco de Chile Stock Down 0.0 %

Shares of NYSE:BCH traded down $0.01 during midday trading on Tuesday, reaching $21.56. The company had a trading volume of 177,097 shares, compared to its average volume of 181,107. The company has a quick ratio of 1.59, a current ratio of 1.56 and a debt-to-equity ratio of 2.81. The business's 50 day moving average price is $22.66 and its 200 day moving average price is $21.99. The stock has a market cap of $11.25 billion, a PE ratio of 7.19 and a beta of 0.40. Banco de Chile has a 1-year low of $19.20 and a 1-year high of $24.10.

Banco de Chile (NYSE:BCH - Get Free Report) last posted its quarterly earnings results on Monday, January 29th. The bank reported $0.87 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.15. Banco de Chile had a return on equity of 25.45% and a net margin of 28.62%. The business had revenue of $987.90 million during the quarter, compared to analysts' expectations of $872.49 million. Research analysts forecast that Banco de Chile will post 2.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. BNP Paribas Financial Markets increased its holdings in Banco de Chile by 99.6% in the fourth quarter. BNP Paribas Financial Markets now owns 1,517 shares of the bank's stock valued at $35,000 after purchasing an additional 757 shares during the period. Parallel Advisors LLC increased its holdings in Banco de Chile by 163.9% in the fourth quarter. Parallel Advisors LLC now owns 1,581 shares of the bank's stock valued at $36,000 after purchasing an additional 982 shares during the period. Tower Research Capital LLC TRC increased its holdings in Banco de Chile by 335.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,918 shares of the bank's stock valued at $44,000 after purchasing an additional 1,478 shares during the period. Blue Trust Inc. increased its holdings in Banco de Chile by 737.6% in the fourth quarter. Blue Trust Inc. now owns 2,697 shares of the bank's stock valued at $62,000 after purchasing an additional 2,375 shares during the period. Finally, Fortis Capital Advisors LLC acquired a new stake in Banco de Chile in the fourth quarter valued at $71,000. 1.24% of the stock is currently owned by institutional investors and hedge funds.

Banco de Chile Company Profile

Banco de Chile, together with its subsidiaries, provides various banking services to customers in Chile. The company offers checking and debit accounts, debit and credit cards, and lines of credit; mortgage, consume, commercial, general purpose mortgage loans, and finance leases; and factoring services, mutual fund management, stock brokerage, foreign trade, payments and collections, insurance brokerage, including life and general insurance, as well as time deposits, savings instruments, and foreign currency services through branches under the Banco de Chile and Banco Edwards brands.