Banco De Chile (NYSE:BCH) Releases Earnings Results, Misses Estimates By $0.01 EPS

Banco De Chile (NYSE:BCH) released its quarterly earnings data on Thursday. The bank reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01), FiscalAI reports. The business had revenue of $321.27 million for the quarter, compared to the consensus estimate of $869.80 million. Banco De Chile had a net margin of 33.09% and a return on equity of 23.94%.

Banco De Chile Stock Up 3.8%

Banco De Chile stock traded up $1.38 during midday trading on Thursday, reaching $37.99. The company’s stock had a trading volume of 466,853 shares, compared to its average volume of 478,771. The company has a debt-to-equity ratio of 2.09, a current ratio of 1.59 and a quick ratio of 1.53. The stock has a market capitalization of $19.19 billion, a P/E ratio of 13.61 and a beta of 0.22. The stock’s 50-day simple moving average is $38.87 and its 200-day simple moving average is $38.74. Banco De Chile has a 52-week low of $27.08 and a 52-week high of $46.77.

Banco De Chile Dividend Announcement

The firm also recently declared a special dividend, which was paid on Monday, April 13th. Shareholders of record on Monday, March 30th were paid a $2.1877 dividend. The ex-dividend date was Monday, March 30th. Banco De Chile’s dividend payout ratio (DPR) is 59.14%.

Hedge Funds Weigh In On Banco De Chile

Several hedge funds have recently modified their holdings of BCH. Compound Planning Inc. purchased a new position in shares of Banco De Chile in the 4th quarter valued at approximately $271,000. XTX Topco Ltd acquired a new stake in Banco De Chile during the 4th quarter worth about $890,000. Millennium Management LLC lifted its position in Banco De Chile by 56.0% during the 4th quarter. Millennium Management LLC now owns 75,883 shares of the bank’s stock worth $2,884,000 after acquiring an additional 27,232 shares during the period. Inspire Investing LLC purchased a new stake in Banco De Chile during the 4th quarter valued at about $100,000. Finally, Guggenheim Capital LLC increased its holdings in shares of Banco De Chile by 1.2% in the fourth quarter. Guggenheim Capital LLC now owns 61,365 shares of the bank’s stock valued at $2,332,000 after purchasing an additional 726 shares during the period. Institutional investors and hedge funds own 1.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BCH shares. Weiss Ratings reissued a “hold (c)” rating on shares of Banco De Chile in a research note on Monday, April 20th. UBS Group set a $48.00 price target on Banco De Chile and gave the company a “neutral” rating in a report on Friday, February 6th. JPMorgan Chase & Co. boosted their price target on Banco De Chile from $33.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, January 16th. The Goldman Sachs Group cut Banco De Chile from a “hold” rating to a “sell” rating and set a $36.00 price objective for the company. in a research note on Tuesday, January 13th. Finally, Zacks Research raised Banco De Chile from a “strong sell” rating to a “hold” rating in a research report on Wednesday, March 11th. Four research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Banco De Chile has an average rating of “Reduce” and a consensus price target of $40.00.

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.