Banco De Chile (NYSE:BCH) Receives Average Rating of “Hold” from Brokerages

Banco De Chile (NYSE:BCH) has been given a consensus recommendation of “Hold” by the six research firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $78.00.

BCH has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Banco De Chile from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Friday, April 14th. BidaskClub cut shares of Banco De Chile from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Credit Suisse Group set a $76.00 price target on shares of Banco De Chile and gave the company a “hold” rating in a research note on Saturday, July 1st. Finally, ValuEngine cut shares of Banco De Chile from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd.

Banco De Chile (NYSE BCH) opened at 85.23 on Monday. Banco De Chile has a one year low of $64.66 and a one year high of $87.20. The stock’s 50 day moving average is $82.98 and its 200 day moving average is $76.36. The company has a market capitalization of $14.24 billion, a PE ratio of 15.78 and a beta of 0.40.

Banco De Chile (NYSE:BCH) last announced its quarterly earnings results on Monday, May 8th. The bank reported $1.30 EPS for the quarter, missing the Zacks’ consensus estimate of $1.36 by $0.06. The business had revenue of $640.30 million for the quarter. Banco De Chile had a net margin of 24.00% and a return on equity of 18.89%. On average, analysts anticipate that Banco De Chile will post $5.24 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Summit Global Investments boosted its stake in Banco De Chile by 17.2% in the second quarter. Summit Global Investments now owns 8,160 shares of the bank’s stock valued at $636,000 after buying an additional 1,200 shares in the last quarter. Parallel Advisors LLC boosted its stake in Banco De Chile by 2.2% in the second quarter. Parallel Advisors LLC now owns 1,880 shares of the bank’s stock valued at $161,000 after buying an additional 41 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Banco De Chile by 20.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 38,747 shares of the bank’s stock valued at $3,020,000 after buying an additional 6,448 shares in the last quarter. Global X Management Co. LLC boosted its stake in Banco De Chile by 5.7% in the second quarter. Global X Management Co. LLC now owns 2,042 shares of the bank’s stock valued at $159,000 after buying an additional 111 shares in the last quarter. Finally, Naples Global Advisors LLC boosted its stake in Banco De Chile by 2.8% in the second quarter. Naples Global Advisors LLC now owns 3,295 shares of the bank’s stock valued at $257,000 after buying an additional 90 shares in the last quarter. Institutional investors and hedge funds own 1.77% of the company’s stock.

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Banco De Chile Company Profile

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