Banco De Chile (NYSE:BCH) Stock Has Average Target Price of $39.67 According to Brokerages

Shares of Banco De Chile (NYSE:BCH) have earned a consensus recommendation of “Reduce” from the five ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $39.67.

Several research firms recently commented on BCH. Wall Street Zen upgraded Banco De Chile from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. lowered their price target on Banco De Chile from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 6th. Finally, Weiss Ratings lowered Banco De Chile from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 9th.

Institutional Investors Weigh In On Banco De Chile

Institutional investors and hedge funds have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd boosted its position in Banco De Chile by 40,350.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 809 shares of the bank’s stock valued at $31,000 after buying an additional 807 shares in the last quarter. SPX Gestao de Recursos Ltda bought a new stake in Banco De Chile during the first quarter worth about $53,000. EverSource Wealth Advisors LLC grew its stake in Banco De Chile by 94.8% during the first quarter. EverSource Wealth Advisors LLC now owns 2,944 shares of the bank’s stock worth $109,000 after buying an additional 1,433 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in Banco De Chile during the first quarter worth about $213,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in shares of Banco De Chile during the second quarter worth approximately $313,000. Institutional investors and hedge funds own 1.24% of the company’s stock.

Banco De Chile Stock Up 1.8%

Shares of BCH opened at $39.67 on Wednesday. The stock has a market cap of $20.04 billion, a price-to-earnings ratio of 15.03 and a beta of 0.20. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.94. Banco De Chile has a 12 month low of $32.78 and a 12 month high of $46.77. The company has a 50-day moving average price of $40.84 and a two-hundred day moving average price of $39.62.

Banco De Chile (NYSE:BCH) last released its quarterly earnings data on Wednesday, July 1st. The bank reported $0.84 earnings per share for the quarter. Banco De Chile had a return on equity of 21.10% and a net margin of 31.01%. The company had revenue of $999.95 million for the quarter. Equities analysts predict that Banco De Chile will post 2.80 EPS for the current fiscal year.

About Banco De Chile

Banco de Chile is a full-service commercial bank headquartered in Santiago, Chile. Founded in 1893, it is one of the country’s longstanding financial institutions and provides banking services to individuals, businesses, corporations and institutional clients throughout Chile.

The bank offers a broad range of products and services, including checking and savings accounts, consumer and commercial loans, mortgages, credit and debit cards, payment services, foreign-exchange transactions, investment products and financial advisory services.