Banco De Chile (BCH) Lowered to “Hold” at ValuEngine

ValuEngine cut shares of Banco De Chile (NYSE:BCH) from a buy rating to a hold rating in a research note issued to investors on Wednesday, January 3rd.

Several other equities analysts have also commented on BCH. Credit Suisse Group reissued a hold rating on shares of Banco De Chile in a report on Friday, December 22nd. Zacks Investment Research lowered shares of Banco De Chile from a hold rating to a sell rating in a report on Tuesday, January 2nd. JPMorgan Chase & Co. lowered shares of Banco De Chile from an overweight rating to a neutral rating and set a $92.00 target price on the stock. in a report on Wednesday, September 6th. Scotiabank lowered shares of Banco De Chile from an outperform rating to a sector perform rating in a report on Tuesday, October 24th. Finally, Santander raised shares of Banco De Chile from a hold rating to a buy rating in a report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $88.67.

Shares of Banco De Chile (NYSE:BCH) opened at $102.71 on Wednesday. Banco De Chile has a 12 month low of $67.68 and a 12 month high of $103.58. The company has a debt-to-equity ratio of 2.50, a quick ratio of 1.39 and a current ratio of 1.42. The stock has a market cap of $17,223.00, a PE ratio of 20.07, a PEG ratio of 2.03 and a beta of 0.41.

Several institutional investors have recently added to or reduced their stakes in BCH. Crossmark Global Holdings Inc. bought a new stake in Banco De Chile during the 3rd quarter valued at $976,000. Parametric Portfolio Associates LLC increased its stake in Banco De Chile by 4.3% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 49,043 shares of the bank’s stock valued at $3,822,000 after purchasing an additional 2,044 shares in the last quarter. Schwab Charles Investment Management Inc. increased its stake in Banco De Chile by 20.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 38,747 shares of the bank’s stock valued at $3,020,000 after purchasing an additional 6,448 shares in the last quarter. Northern Trust Corp grew its stake in shares of Banco De Chile by 4.7% in the 2nd quarter. Northern Trust Corp now owns 39,397 shares of the bank’s stock worth $3,069,000 after acquiring an additional 1,785 shares in the last quarter. Finally, Summit Global Investments grew its stake in shares of Banco De Chile by 17.2% in the 2nd quarter. Summit Global Investments now owns 8,160 shares of the bank’s stock worth $636,000 after acquiring an additional 1,200 shares in the last quarter. Institutional investors own 1.41% of the company’s stock.

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Banco De Chile Company Profile

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