Banco De Chile (NYSE:BCH) Receives $40.00 Average Price Target from Analysts

Shares of Banco De Chile (NYSE:BCH) have been assigned an average recommendation of “Reduce” from the five ratings firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $40.00.

Several equities analysts recently issued reports on BCH shares. UBS Group set a $39.00 price target on Banco De Chile and gave the company a “neutral” rating in a report on Friday, May 22nd. JPMorgan Chase & Co. raised their price objective on Banco De Chile from $42.00 to $45.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Wall Street Zen raised Banco De Chile from a “sell” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, Weiss Ratings upgraded Banco De Chile from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, August 3rd.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. UBS Group AG increased its holdings in Banco De Chile by 110.0% during the 4th quarter. UBS Group AG now owns 494,082 shares of the bank’s stock worth $18,775,000 after purchasing an additional 258,844 shares in the last quarter. Qube Research & Technologies Ltd boosted its position in Banco De Chile by 199.1% during the third quarter. Qube Research & Technologies Ltd now owns 352,465 shares of the bank’s stock valued at $10,680,000 after purchasing an additional 234,619 shares during the last quarter. Marshall Wace LLP grew its stake in shares of Banco De Chile by 177.7% in the third quarter. Marshall Wace LLP now owns 298,085 shares of the bank’s stock valued at $9,032,000 after buying an additional 190,741 shares in the last quarter. Itau Unibanco Holding S.A. lifted its stake in Banco De Chile by 29.5% in the fourth quarter. Itau Unibanco Holding S.A. now owns 835,782 shares of the bank’s stock valued at $31,755,000 after acquiring an additional 190,567 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in shares of Banco De Chile by 128.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 197,931 shares of the bank’s stock valued at $6,021,000 after acquiring an additional 111,253 shares during the period. Institutional investors own 1.24% of the company’s stock.

Banco De Chile Trading Down 1.2%

Shares of BCH opened at $41.15 on Tuesday. The stock has a fifty day moving average price of $40.69 and a two-hundred day moving average price of $39.48. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.48 and a current ratio of 1.48. Banco De Chile has a 52-week low of $28.31 and a 52-week high of $46.77. The company has a market cap of $20.78 billion, a price-to-earnings ratio of 15.59 and a beta of 0.24.

Banco De Chile (NYSE:BCH) last issued its quarterly earnings data on Wednesday, July 1st. The bank reported $0.84 EPS for the quarter. Banco De Chile had a net margin of 31.01% and a return on equity of 21.10%. The firm had revenue of $999.95 million for the quarter. Analysts predict that Banco De Chile will post 2.87 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.