Banco De Chile (NYSE:BCH) Receives $37.00 Consensus Target Price from Analysts

Shares of Banco De Chile (NYSE:BCH) have been assigned a consensus recommendation of “Reduce” from the five brokerages that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $37.00.

A number of equities analysts have recently issued reports on the stock. Weiss Ratings cut shares of Banco De Chile from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. UBS Group set a $39.00 price objective on Banco De Chile and gave the company a “neutral” rating in a report on Friday, May 22nd.

Institutional Investors Weigh In On Banco De Chile

A number of hedge funds have recently added to or reduced their stakes in BCH. Caitong International Asset Management Co. Ltd raised its stake in shares of Banco De Chile by 33,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 680 shares of the bank’s stock worth $26,000 after acquiring an additional 678 shares during the last quarter. SPX Gestao de Recursos Ltda acquired a new position in shares of Banco De Chile during the first quarter worth approximately $53,000. EverSource Wealth Advisors LLC grew its stake in shares of Banco De Chile by 161.6% during the second quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock valued at $46,000 after purchasing an additional 929 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Banco De Chile by 286.1% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,722 shares of the bank’s stock valued at $66,000 after purchasing an additional 1,276 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Banco De Chile by 2,425.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,500 shares of the bank’s stock valued at $76,000 after purchasing an additional 2,401 shares in the last quarter. Institutional investors own 1.24% of the company’s stock.

Banco De Chile Stock Performance

BCH opened at $40.77 on Monday. The business has a 50 day moving average price of $38.28 and a two-hundred day moving average price of $39.55. The company has a debt-to-equity ratio of 2.00, a current ratio of 1.49 and a quick ratio of 1.49. The company has a market capitalization of $20.59 billion, a price-to-earnings ratio of 16.85 and a beta of 0.23. Banco De Chile has a 1-year low of $27.08 and a 1-year high of $46.77.

Banco De Chile (NYSE:BCH) last announced its quarterly earnings data on Tuesday, March 31st. The bank reported $0.57 EPS for the quarter. Banco De Chile had a return on equity of 19.47% and a net margin of 29.95%.The company had revenue of $321.27 million during the quarter. Research analysts predict that Banco De Chile will post 2.76 EPS for the current fiscal year.

Banco De Chile Company Profile

Banco de Chile (NYSE: BCH) is a leading Chilean financial institution headquartered in Santiago. Founded in 1893, the bank is one of the country’s oldest and most established banking groups, serving a broad spectrum of individual, corporate and institutional clients. It is publicly listed and operates under Chilean banking regulations while participating in international capital markets.

The bank’s core businesses include retail banking, commercial and corporate banking, and investment banking.