Banco De Chile (NYSE:BCH) Lowered to Hold Rating by Zacks Research

by · The Markets Daily

Zacks Research lowered shares of Banco De Chile (NYSE:BCH – Free Report) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Several other analysts also recently weighed in on BCH. The Goldman Sachs Group boosted their price objective on Banco De Chile from $31.00 to $35.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Weiss Ratings restated a “hold (c)” rating on shares of Banco De Chile in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of Banco De Chile from $30.00 to $33.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Finally, Wall Street Zen cut Banco De Chile from a “hold” rating to a “sell” rating in a research note on Friday, November 28th. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $34.00.

View Our Latest Analysis on BCH

Banco De Chile Price Performance

Shares of Banco De Chile stock opened at $37.28 on Monday. The firm has a market capitalization of $18.83 billion, a PE ratio of 13.31, a price-to-earnings-growth ratio of 2.81 and a beta of 0.23. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 2.00. Banco De Chile has a 12 month low of $22.06 and a 12 month high of $39.19. The business’s 50-day moving average price is $35.59 and its 200-day moving average price is $31.55.

Banco De Chile (NYSE:BCH – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The bank reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.02). The business had revenue of $764.93 million for the quarter, compared to the consensus estimate of $831.97 million. Banco De Chile had a net margin of 32.87% and a return on equity of 23.25%. Sell-side analysts forecast that Banco De Chile will post 2.31 EPS for the current fiscal year.

Institutional Trading of Banco De Chile

Large investors have recently bought and sold shares of the company. TT International Asset Management LTD bought a new position in Banco De Chile in the third quarter worth $26,962,000. Qube Research & Technologies Ltd boosted its holdings in shares of Banco De Chile by 199.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 352,465 shares of the bank’s stock valued at $10,680,000 after buying an additional 234,619 shares in the last quarter. Itau Unibanco Holding S.A. grew its position in shares of Banco De Chile by 104.6% in the 1st quarter. Itau Unibanco Holding S.A. now owns 437,338 shares of the bank’s stock worth $11,054,000 after buying an additional 223,565 shares during the period. Marshall Wace LLP increased its stake in shares of Banco De Chile by 177.7% in the 3rd quarter. Marshall Wace LLP now owns 298,085 shares of the bank’s stock worth $9,032,000 after acquiring an additional 190,741 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. bought a new position in shares of Banco De Chile in the 2nd quarter worth about $3,454,000. 1.24% of the stock is owned by institutional investors.

Banco De Chile Company Profile

(Get Free Report)

Banco de Chile, together with its subsidiaries, provides various banking services to customers in Chile. The company offers checking and debit accounts, debit and credit cards, and lines of credit; mortgage, consume, commercial, general purpose mortgage loans, and finance leases; and factoring services, mutual fund management, stock brokerage, foreign trade, payments and collections, insurance brokerage, including life and general insurance, as well as time deposits, savings instruments, and foreign currency services through branches under the Banco de Chile and Banco Edwards brands.

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