Banco de Chile (NYSE:BCH – received rating) was given an average rating of “hold” by the eight analysts currently covering the stock, reports MarketBeat. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers who have issued a report on the stock in the last year is $23.00.
A number of equity analysts recently rated the stock. StockNews.com accepted coverage of Banco de Chile stocks in a research note on Wednesday. They gave the stock a “hold” rating. Credit Suisse Group lowered its target price on shares of Banco de Chile to $21.00 in a research report on Monday, August.
Institutional investors rely on Banco de Chile
Hedge funds have recently bought and sold shares in the company. SG Americas Securities LLC acquired a new interest in Banco de Chile stock valued at approximately $120,000 during the second quarter. Atlas Capital Advisors LLC acquired a new interest in Banco de Chile stock valued at approximately $136,000 during the second quarter. Advisors Asset Management Inc. acquired a new stake in Banco de Chile stock valued at approximately $148,000 during the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in Banco de Chile valued at approximately $219,000 during the second quarter. Finally, Whittier Trust Co. acquired a new position in Banco de Chile valued at about $230,000 during the first quarter. 1.10% of the shares are currently held by institutional investors.
Banco de Chile is down 1.4%
NYSE BCH opened at $18.29 on Friday. Banco de Chile has a 1-year low of $15.60 and a 1-year high of $22.74. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 3.17. The company has a market cap of $9.24 billion, a P/E of 5.41, a price-to-earnings-to-growth ratio of 0.80 and a beta of 0.38. The company’s 50-day simple moving average is $18.72 and its 200-day simple moving average is $19.30.
Banco de Chile (NYSE:BCH- received rating) last released its quarterly results on Friday, July 29. The bank reported earnings per share of $1.03 for the quarter, beating analyst consensus estimates of $0.63 by $0.40. Banco de Chile had a net margin of 49.07% and a return on equity of 32.11%. The company had revenue of $580.90 million for the quarter, compared to the consensus estimate of $792.40 million. As a group, sell-side analysts expect Banco de Chile to report earnings per share of 2.79 for the current fiscal year.
Banco de Chile company profile
Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through retail banking, wholesale banking, and treasury and money market segments. The Company offers deposit products such as current accounts, checking accounts, demand deposits and accounts, savings accounts and time deposits; commercial, mortgage, consumer, working capital, syndicated and installment loans; and credit cards.
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