Banco de Chile (NYSE:BCH – Get Free Report) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totalling 300,300 shares, an increase of 15.5% from the September 30th total of 260,100 shares. Based on an average daily volume of 162,700 shares, the days-to-cover ratio is currently 1.8 days.
Banco de Chile Stock Performance
Shares of BCH traded down $0.02 during midday trading on Thursday, reaching $23.48. 3,042 shares of the stock were exchanged, compared to its average volume of 190,466. Banco de Chile has a twelve month low of $20.14 and a twelve month high of $25.97. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.47 and a quick ratio of 1.47. The company has a market capitalization of $11.86 billion, a price-to-earnings ratio of 7.91 and a beta of 0.40. The business’s 50-day moving average price is $24.71 and its 200 day moving average price is $23.87.
Banco de Chile (NYSE:BCH – Get Free Report) last announced its earnings results on Tuesday, October 29th. The bank reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.03). The company had revenue of $980.10 million during the quarter, compared to analysts’ expectations of $796.96 million. Banco de Chile had a net margin of 28.99% and a return on equity of 22.72%. On average, sell-side analysts expect that Banco de Chile will post 2.48 EPS for the current fiscal year.
Analysts Set New Price Targets
Read Our Latest Research Report on BCH
Institutional Investors Weigh In On Banco de Chile
A number of hedge funds have recently added to or reduced their stakes in BCH. Whittier Trust Co. of Nevada Inc. increased its stake in Banco de Chile by 569.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,279 shares of the bank’s stock valued at $28,000 after purchasing an additional 1,088 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Banco de Chile in the third quarter valued at $36,000. Blue Trust Inc. raised its stake in shares of Banco de Chile by 629.3% during the 2nd quarter. Blue Trust Inc. now owns 6,564 shares of the bank’s stock worth $146,000 after buying an additional 5,664 shares during the last quarter. Creative Planning purchased a new stake in shares of Banco de Chile in the 3rd quarter worth about $225,000. Finally, Liontrust Investment Partners LLP acquired a new stake in Banco de Chile in the 2nd quarter valued at about $294,000. Institutional investors and hedge funds own 1.24% of the company’s stock.
Banco de Chile Company Profile
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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