Banco de Chile (BCH) Receives Average Rating of “Hold” from Analysts

Banco de Chile (NYSE:BCH) has earned a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation, one has assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $91.50.

Several research firms have issued reports on BCH. Scotiabank downgraded shares of Banco de Chile from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, October 24th. Deutsche Bank downgraded shares of Banco de Chile from a “hold” rating to a “sell” rating and set a $91.00 price objective for the company. in a research note on Wednesday, January 24th. Zacks Investment Research downgraded shares of Banco de Chile from a “buy” rating to a “hold” rating in a research note on Thursday, November 16th. Bank of America downgraded shares of Banco de Chile from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 18th. Finally, ValuEngine downgraded shares of Banco de Chile from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd.

Shares of Banco de Chile (BCH) opened at $102.00 on Friday. The company has a debt-to-equity ratio of 2.47, a quick ratio of 1.39 and a current ratio of 1.39. Banco de Chile has a 52 week low of $67.68 and a 52 week high of $106.50. The stock has a market cap of $17,160.00, a P/E ratio of 17.41, a price-to-earnings-growth ratio of 1.09 and a beta of 0.45.

Several hedge funds have recently made changes to their positions in BCH. Schwab Charles Investment Management Inc. boosted its stake in shares of Banco de Chile by 20.0% in the second 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 during the period. Northern Trust Corp boosted its stake in shares of Banco de Chile by 4.7% in the second quarter. Northern Trust Corp now owns 39,397 shares of the bank’s stock valued at $3,069,000 after purchasing an additional 1,785 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of Banco de Chile by 4.3% in the second 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 during the period. Dimensional Fund Advisors LP boosted its stake in shares of Banco de Chile by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 194,599 shares of the bank’s stock valued at $15,165,000 after purchasing an additional 775 shares during the period. Finally, Stifel Financial Corp boosted its stake in shares of Banco de Chile by 4.5% in the second quarter. Stifel Financial Corp now owns 9,100 shares of the bank’s stock valued at $706,000 after purchasing an additional 391 shares during the period. Institutional investors and hedge funds own 1.40% of the company’s stock.

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About Banco de Chile

Banco de Chile is a full service financial institution, which is engaged in providing credit and non-credit products and services in Chile. The Bank offers a range of banking services to its customers, ranging from individuals to corporations. The Bank’s segments include Retail, which focuses on individuals and small and medium-sized companies, where the product offering focuses on consumer loans, commercial loans, checking accounts, credit cards, credit lines and mortgage loans; Wholesale, which focuses on corporate clients and companies, where the product offering focuses on commercial loans, checking accounts and liquidity management services, debt instruments, foreign trade, derivative contracts and leases; Treasury, which includes the associated revenues to the management of the investment portfolio and the business of financial transactions and currency trading, and Subsidiaries, which corresponds to companies and corporations controlled by the Bank.

Analyst Recommendations for Banco de Chile (NYSE:BCH)

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