Zacks Investment Research cut shares of Banco de Chile (NYSE:BCH) from a hold rating to a sell rating in a research note published on Friday.

According to Zacks, “Banco De Chile is principally engaged in commercial banking in Chile, providing general banking services to a diverse customer base that includes large corporations, small and mid-sized businesses and individuals. “

BCH has been the subject of several other reports. ValuEngine cut shares of Banco de Chile from a hold rating to a sell rating in a report on Thursday, September 6th. HSBC started coverage on shares of Banco de Chile in a report on Monday, August 20th. They set a reduce rating for the company. Five research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company currently has a consensus rating of Sell and a consensus price target of $98.00.

BCH opened at $89.67 on Friday. The company has a debt-to-equity ratio of 2.57, a current ratio of 1.41 and a quick ratio of 1.39. Banco de Chile has a twelve month low of $79.60 and a twelve month high of $106.50. The company has a market cap of $15.69 billion, a PE ratio of 16.25, a P/E/G ratio of 1.65 and a beta of 0.41.

Banco de Chile (NYSE:BCH) last released its quarterly earnings data on Monday, July 30th. The bank reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.08. Banco de Chile had a net margin of 25.06% and a return on equity of 17.99%. The firm had revenue of $736.27 million during the quarter. research analysts predict that Banco de Chile will post 5.37 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the business. Barclays PLC purchased a new stake in Banco de Chile during the first quarter valued at approximately $160,000. Cozad Asset Management Inc. purchased a new stake in Banco de Chile during the second quarter valued at approximately $338,000. Evergreen Capital Management LLC purchased a new stake in Banco de Chile during the first quarter valued at approximately $375,000. UBS Group AG increased its holdings in Banco de Chile by 47.4% during the first quarter. UBS Group AG now owns 3,787 shares of the bank’s stock valued at $381,000 after buying an additional 1,218 shares during the last quarter. Finally, Castleark Management LLC increased its holdings in Banco de Chile by 305.2% during the second quarter. Castleark Management LLC now owns 5,656 shares of the bank’s stock valued at $526,000 after buying an additional 4,260 shares during the last quarter. 1.26% of the stock is owned by institutional investors and hedge funds.

Banco de Chile Company Profile

Banco de Chile provides various banking products and services to individuals, corporate clients, large companies, and small and medium-sized companies in Chile and internationally. The company operates through four segments: Retail, Wholesale, Treasury, and Subsidiaries. It offers checking accounts; personal, car, and mortgage loans; credit cards; credit lines; and investment products, such as fixed-term, automatic renewal, and tax benefit deposits, as well as stocks, portfolio management, voluntary retirement savings/mutual funds, foreign currency, and fixed income investment products.

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