Goldman Sachs Group started coverage on shares of Banco de Chile (NYSE:BCH) in a research report released on Tuesday morning, 24/7 WallStreet reports. The firm issued a neutral rating and a $29.00 price target on the bank’s stock.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Banco de Chile from a hold rating to a sell rating in a research report on Friday, August 9th. Scotiabank upgraded shares of Banco de Chile from a sector perform rating to an outperform rating in a research report on Thursday, July 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $46.67.

NYSE:BCH opened at $28.82 on Tuesday. Banco de Chile has a twelve month low of $27.04 and a twelve month high of $32.83. The company has a current ratio of 1.47, a quick ratio of 1.39 and a debt-to-equity ratio of 2.79. The company has a 50-day moving average of $28.74 and a 200-day moving average of $29.31. The firm has a market cap of $14.69 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.67 and a beta of 0.42.

Banco de Chile (NYSE:BCH) last posted its quarterly earnings data on Monday, July 29th. The bank reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.48 by $0.08. Banco de Chile had a net margin of 23.67% and a return on equity of 17.06%. The company had revenue of $704.80 million during the quarter, compared to analyst estimates of $717.93 million. On average, research analysts forecast that Banco de Chile will post 1.81 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP boosted its holdings in shares of Banco de Chile by 199.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 537,102 shares of the bank’s stock worth $15,365,000 after buying an additional 357,982 shares during the period. Crossmark Global Holdings Inc. boosted its holdings in shares of Banco de Chile by 8.7% in the second quarter. Crossmark Global Holdings Inc. now owns 27,302 shares of the bank’s stock worth $811,000 after buying an additional 2,185 shares during the period. Nordea Investment Management AB acquired a new position in shares of Banco de Chile in the first quarter worth about $447,768,000. Renaissance Technologies LLC boosted its holdings in shares of Banco de Chile by 1.0% in the second quarter. Renaissance Technologies LLC now owns 2,101,975 shares of the bank’s stock worth $62,408,000 after buying an additional 20,519 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of Banco de Chile by 45.5% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 54,092 shares of the bank’s stock worth $1,606,000 after buying an additional 16,926 shares during the period. Institutional investors own 1.20% of the company’s stock.

About Banco de Chile

Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. The company operates through four segments: Retail, Wholesale, Treasury and Money Market Operations, and Subsidiaries. It offers deposit products, such as checking accounts, current accounts, demand deposits, demand accounts, saving accounts, and time deposits; credit cards; installment loans; credit lines; and residential mortgage loans, as well as short and long term financing.

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