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

Banco De Chile (NYSE:BCH) has been assigned a consensus rating of “Reduce” from the five research firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $37.00.

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

Banco De Chile Stock Down 0.1%

BCH stock opened at $40.77 on Monday. 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’s 50 day simple moving average is $38.28 and its 200-day simple moving average is $39.56. Banco De Chile has a 12 month low of $27.08 and a 12 month high of $46.77. The firm has a market capitalization of $20.59 billion, a PE ratio of 16.85 and a beta of 0.23.

Banco De Chile (NYSE:BCH) last posted its earnings results on Tuesday, March 31st. The bank reported $0.57 earnings per share (EPS) for the quarter. The firm had revenue of $321.27 million for the quarter. Banco De Chile had a return on equity of 19.47% and a net margin of 29.95%. Equities analysts expect that Banco De Chile will post 2.76 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Banco De Chile

Institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. lifted its stake in shares of Banco De Chile by 53.8% during the first quarter. Goldman Sachs Group Inc. now owns 216,950 shares of the bank’s stock valued at $5,747,000 after buying an additional 75,924 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in Banco De Chile in the 2nd quarter valued at $1,266,000. EverSource Wealth Advisors LLC lifted its stake in shares of Banco De Chile by 161.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock worth $46,000 after purchasing an additional 929 shares during the period. First Trust Advisors LP acquired a new stake in shares of Banco De Chile during the second quarter worth $238,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Banco De Chile in the second quarter valued at $323,000. Institutional investors and hedge funds own 1.24% of the company’s stock.

About Banco De Chile

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.