Banco De Chile (NYSE:BCH) Stock Has Consensus Price Target of $40.00 According to Analysts

Banco De Chile (NYSE:BCH) has been assigned an average recommendation of “Reduce” from the five analysts that are covering the firm, MarketBeat.com reports. One research 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 brokerages that have issued a report on the stock in the last year is $40.00.

Several equities research analysts have recently commented on the stock. 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. Weiss Ratings upgraded shares of Banco De Chile from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Banco De Chile from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th.

Banco De Chile Price Performance

Shares of Banco De Chile stock opened at $42.07 on Friday. The business has a 50 day moving average of $41.51 and a 200 day moving average of $39.50. Banco De Chile has a 52 week low of $29.71 and a 52 week high of $46.77. The company has a market cap of $21.25 billion, a PE ratio of 15.94 and a beta of 0.23. 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 (NYSE:BCH) last released its quarterly earnings results on Wednesday, July 1st. The bank reported $0.84 earnings per share for the quarter. The business had revenue of $999.95 million for the quarter. Banco De Chile had a net margin of 31.01% and a return on equity of 21.10%. As a group, equities research analysts forecast that Banco De Chile will post 2.87 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC bought a new position in shares of Banco De Chile in the 4th quarter worth approximately $878,000. Advisors Preferred LLC boosted its position in shares of Banco De Chile by 278.9% during the first quarter. Advisors Preferred LLC now owns 27,706 shares of the bank’s stock valued at $1,026,000 after purchasing an additional 20,393 shares in the last quarter. Eurizon Capital SGR S.p.A. bought a new stake in shares of Banco De Chile during the fourth quarter valued at approximately $746,000. ABS Direct Equity Fund LLC purchased a new stake in Banco De Chile in the second quarter worth $749,000. Finally, Quantinno Capital Management LP grew its stake in Banco De Chile by 30.6% in the first quarter. Quantinno Capital Management LP now owns 72,354 shares of the bank’s stock worth $2,680,000 after purchasing an additional 16,932 shares during the period. Hedge funds and other institutional investors own 1.24% of the company’s stock.

Banco De Chile Company Profile

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

The bank provides a broad range of banking and financial services, including checking and savings accounts, consumer and commercial loans, mortgages, credit and debit cards, payment services, cash management, trade finance and foreign-exchange services.