Banco de Chile Stock (NYSE: BCH – Get a rating) received a consensus “Buy” recommendation from the six analysts who currently cover the company, MarketBeat reports. Two analysts rated the stock with a hold recommendation and four gave the company a buy recommendation. The 12-month average price target among brokers who have rated the stock over the past year is $23.67.
Several equity analysts have recently released reports on BCH shares. Scotiabank upgraded Banco de Chile’s shares from an “sector performance” rating to an “outperform” rating in a Wednesday, April 13 research note. Zacks Investment Research upgraded Banco de Chile shares from a “hold” rating to a “buy” rating and set a target price of $23.00 on the stock in a Tuesday, April 12 research report. JPMorgan Chase & Co. downgraded shares of Banco de Chile from an “overweight” rating to a “neutral” rating and set a target price of $23.00 for the stock. in a research report on Thursday, February 17. StockNews.com supposed coverage of Banco de Chile shares in a Thursday, March 31 research report. They issued a “hold” rating on the stock. Finally, Credit Suisse Group upgraded Banco de Chile shares from a “neutral” rating to an “outperforming” rating and raised its share price target from $18.00 to $25.00 in a research report from Wednesday, March 2.
BCH stock opened at $19.61 on Thursday. Banco de Chile has a 52-week low of $15.60 and a 52-week high of $22.74. The company has a market capitalization of $9.90 billion, a price-to-earnings ratio of 11.60, a growth price-to-earnings ratio of 0.89 and a beta of 0.31. The company’s 50-day moving average is $20.90 and its two-hundred-day moving average is $19.64. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt ratio of 3.12.
Bank of Chile (NYSE: BCH – Get a rating) last reported quarterly earnings data on Friday, April 29. The bank reported earnings per share (EPS) of $0.69 for the quarter, beating the consensus estimate of $0.60 by $0.09. The company posted revenue of $560.31 million for the quarter, compared to $742.05 million expected by analysts. Banco de Chile had a net margin of 24.90% and a return on equity of 15.65%. On average, equity research analysts expect Banco de Chile to post earnings per share of 2.14 for the current year.
Hedge funds and other institutional investors have recently been buying and selling shares of the company. Dimensional Fund Advisors LP increased its stake in Banco de Chile shares by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 597,813 shares of the bank worth $12,795,000 after purchasing an additional 7,462 shares in the last quarter. Itau Unibanco Holding SA bought a new position in Banco de Chile during the fourth quarter at a value of $7,571,000. Banco BTG Pactual SA acquired a new stake in Banco de Chile in the 1st quarter for a value of $3,268,000. Millennium Management LLC increased its stake in Banco de Chile by 21.8% in the third quarter. Millennium Management LLC now owns 109,020 shares of the bank valued at $2,016,000 after purchasing an additional 19,507 shares during the period. Finally, State Street Corp increased its stake in Banco de Chile by 0.9% in the 4th quarter. State Street Corp now owns 84,611 shares of the bank valued at $1,329,000 after purchasing an additional 761 shares during the period. Hedge funds and other institutional investors own 0.89% of the company’s shares.
Banco de Chile Company Profile (Get a rating)
Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through Retail, Wholesale and Treasury segments. The Company offers deposit products, such as checking accounts, current accounts, deposits and current accounts, savings accounts and term deposits; commercial, mortgage, consumer, working capital, syndicated and installment loans; and credit cards.
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Banco de Chile right now?
Before you consider Banco de Chile, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Banco de Chile was not on the list.
While Banco de Chile currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here