Banco De Chile (NYSE:BCH) Receives Average Recommendation of “Reduce” from Analysts

Banco De Chile (NYSE:BCH) has been given a consensus recommendation of “Reduce” by the five analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have issued a hold rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $37.00.

A number of research analysts have issued reports on the company. Zacks Research raised Banco De Chile from a “strong sell” rating to a “hold” rating in a report on Wednesday, March 11th. Weiss Ratings cut Banco De Chile from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, UBS Group set a $39.00 price objective on Banco De Chile and gave the company a “neutral” rating in a report on Friday.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd raised its holdings in shares of Banco De Chile by 33,900.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 680 shares of the bank’s stock valued at $26,000 after buying an additional 678 shares during the last quarter. SPX Gestao de Recursos Ltda bought a new position in shares of Banco De Chile in the first quarter valued at about $53,000. EverSource Wealth Advisors LLC raised its holdings in shares of Banco De Chile by 161.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,504 shares of the bank’s stock valued at $46,000 after buying an additional 929 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Banco De Chile by 286.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,722 shares of the bank’s stock valued at $66,000 after buying an additional 1,276 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Banco De Chile by 2,425.3% in the second quarter. Tower Research Capital LLC TRC now owns 2,500 shares of the bank’s stock valued at $76,000 after buying an additional 2,401 shares during the last quarter. 1.24% of the stock is owned by institutional investors.

Banco De Chile Stock Down 0.6%

Shares of NYSE BCH opened at $37.51 on Friday. The stock has a market cap of $18.95 billion, a PE ratio of 15.50 and a beta of 0.24. The business has a fifty day moving average of $37.73 and a two-hundred day moving average of $39.10. Banco De Chile has a 52-week low of $27.08 and a 52-week high of $46.77. The company has a debt-to-equity ratio of 2.00, a quick ratio of 1.49 and a current ratio of 1.49.

Banco De Chile (NYSE:BCH) last issued its quarterly earnings data on Tuesday, March 31st. The bank reported $0.57 earnings per share (EPS) for the quarter. The company had revenue of $321.27 million during the quarter. Banco De Chile had a return on equity of 19.47% and a net margin of 29.95%. As a group, equities research analysts expect that Banco De Chile will post 2.8 earnings per share for the current fiscal year.

Banco De Chile Announces Dividend

The firm also recently declared a special dividend, which was paid on Monday, April 13th. Investors of record on Monday, March 30th were issued a $2.1877 dividend. The ex-dividend date of this dividend was Monday, March 30th. Banco De Chile’s payout ratio is currently 68.18%.

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.