Weiss Ratings Reiterates Hold (C) Rating for Banco De Chile (NYSE:BCH)

Banco De Chile (NYSE:BCH)‘s stock had its “hold (c)” rating reaffirmed by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen raised Banco De Chile from a “sell” rating to a “hold” rating in a research report on Saturday, September 20th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Banco De Chile has an average rating of “Hold” and a consensus target price of $23.00.

Banco De Chile Stock Up 1.0%

Shares of Banco De Chile stock opened at $31.35 on Wednesday. The stock has a 50-day moving average price of $29.47 and a 200 day moving average price of $29.19. The company has a market cap of $15.83 billion, a P/E ratio of 11.15, a P/E/G ratio of 2.30 and a beta of 0.26. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 2.09. Banco De Chile has a 1 year low of $22.06 and a 1 year high of $31.84.

Banco De Chile (NYSE:BCH) last announced its quarterly earnings data on Thursday, July 31st. The bank reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.01. The firm had revenue of $801.11 million during the quarter, compared to the consensus estimate of $820.11 million. Banco De Chile had a return on equity of 23.00% and a net margin of 32.62%. As a group, analysts expect that Banco De Chile will post 2.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of BCH. TT International Asset Management LTD acquired a new position in shares of Banco De Chile during the 3rd quarter valued at about $26,962,000. Osaic Holdings Inc. increased its holdings in shares of Banco De Chile by 83.2% during the 2nd quarter. Osaic Holdings Inc. now owns 11,363 shares of the bank’s stock valued at $346,000 after acquiring an additional 5,161 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Banco De Chile by 2,425.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,500 shares of the bank’s stock valued at $76,000 after acquiring an additional 2,401 shares during the last quarter. Engineers Gate Manager LP increased its holdings in shares of Banco De Chile by 80.3% during the 2nd quarter. Engineers Gate Manager LP now owns 18,447 shares of the bank’s stock valued at $561,000 after acquiring an additional 8,217 shares during the last quarter. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Banco De Chile by 128.4% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 197,931 shares of the bank’s stock valued at $6,021,000 after acquiring an additional 111,253 shares during the last quarter. 1.24% of the stock is owned by institutional investors and hedge funds.

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.