Banco De Chile (NYSE:BCH) Posts Earnings Results

Banco De Chile (NYSE:BCH) issued its quarterly earnings results on Friday. The bank reported $0.85 EPS for the quarter, topping the consensus estimate of $0.66 by $0.19, Zacks reports. Banco De Chile had a net margin of 31.01% and a return on equity of 21.10%. The firm had revenue of $778.47 million for the quarter, compared to analysts’ expectations of $778.06 million.

Banco De Chile Trading Down 4.1%

Shares of Banco De Chile stock traded down $1.58 on Friday, hitting $36.69. 586,611 shares of the company’s stock traded hands, compared to its average volume of 406,639. The firm’s 50-day moving average price is $40.42 and its two-hundred day moving average price is $40.03. 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 stock has a market capitalization of $18.53 billion, a PE ratio of 13.90 and a beta of 0.20. Banco De Chile has a one year low of $33.60 and a one year high of $46.77.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Weiss Ratings downgraded shares of Banco De Chile from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Wall Street Zen downgraded Banco De Chile from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. dropped their price target on Banco De Chile from $45.00 to $44.00 and set a “neutral” rating for the company in a report on Tuesday, October 6th. Four research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $39.67.

Banco De Chile Company Profile

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.