Banco de Chile (NYSE:BCH) Given Average Recommendation of “Buy” by Brokerages


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Shares of Banco de Chile (NYSE:BCH) have been assigned an average recommendation of “Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $24.00.

A number of brokerages recently issued reports on BCH. Itau BBA Securities upgraded shares of Banco de Chile from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a report on Tuesday, November 17th. Zacks Investment Research raised shares of Banco de Chile from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, January 6th. Finally, ValuEngine raised Banco de Chile from a “sell” rating to a “hold” rating in a research note on Friday, November 6th.

NYSE BCH traded up $0.03 on Wednesday, reaching $21.83. The company had a trading volume of 69,881 shares, compared to its average volume of 82,285. Banco de Chile has a 52 week low of $12.50 and a 52 week high of $22.34. The stock’s 50 day moving average is $20.03 and its 200-day moving average is $17.91. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 3.46. The stock has a market cap of $11.03 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 2.91 and a beta of 0.52.

Banco de Chile (NYSE:BCH) last posted its earnings results on Friday, October 30th. The bank reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.26 by ($0.03). The company had revenue of $517.19 million for the quarter, compared to analyst estimates of $560.97 million. Banco de Chile had a return on equity of 13.35% and a net margin of 19.06%. As a group, analysts forecast that Banco de Chile will post 1.17 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. UBS Group AG lifted its stake in Banco de Chile by 764.7% in the second quarter. UBS Group AG now owns 6,658 shares of the bank’s stock valued at $118,000 after buying an additional 5,888 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in shares of Banco de Chile during the second quarter worth $246,000. Thrivent Financial for Lutherans acquired a new stake in shares of Banco de Chile during the third quarter worth $267,000. Newfoundland Capital Management bought a new stake in Banco de Chile in the 3rd quarter valued at $587,000. Finally, Aperio Group LLC lifted its position in Banco de Chile by 3.6% in the 3rd quarter. Aperio Group LLC now owns 173,419 shares of the bank’s stock valued at $2,622,000 after acquiring an additional 6,000 shares in the last quarter.

Banco de Chile Company Profile

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 Subsidiaries. It offers deposit products, such as checking accounts, current accounts, demand deposits and accounts, saving accounts, and time deposits; commercial, mortgage, micro entrepreneurial, and installment loans; and credit and debit cards.

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