Analysts forecast that Banco de Chile (NYSE:BCH) will announce $1.49 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Zero analysts have made estimates for Banco de Chile’s earnings. The lowest EPS estimate is $1.48 and the highest is $1.50. Banco de Chile posted earnings of $1.27 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 17.3%. The company is expected to issue its next earnings report on Monday, May 14th.
On average, analysts expect that Banco de Chile will report full-year earnings of $6.09 per share for the current fiscal year, with EPS estimates ranging from $5.92 to $6.19. For the next fiscal year, analysts expect that the company will post earnings of $6.78 per share, with EPS estimates ranging from $6.70 to $6.89. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Banco de Chile.
Banco de Chile (NYSE:BCH) last announced its quarterly earnings data on Friday, February 2nd. The bank reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.01. The firm had revenue of $705.70 million during the quarter, compared to the consensus estimate of $725.81 million. Banco de Chile had a return on equity of 19.47% and a net margin of 24.77%.
Several equities research analysts recently issued reports on the company. Bank of America downgraded Banco de Chile from a “neutral” rating to an “underperform” rating in a research note on Thursday, January 18th. ValuEngine raised Banco de Chile from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Zacks Investment Research raised Banco de Chile from a “sell” rating to a “hold” rating in a report on Tuesday. Deutsche Bank lowered Banco de Chile from a “hold” rating to a “sell” rating and set a $91.00 price target on the stock. in a research note on Wednesday, January 24th. Finally, Credit Suisse Group reaffirmed a “hold” rating on shares of Banco de Chile in a research note on Friday, December 22nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and two have given a strong buy rating to the company’s stock. Banco de Chile has an average rating of “Hold” and a consensus target price of $89.25.
Hedge funds have recently made changes to their positions in the stock. Northern Trust Corp raised its position in Banco de Chile by 4.7% in the 2nd 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 last quarter. Dimensional Fund Advisors LP grew its stake in 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 acquiring an additional 775 shares during the period. State Street Corp grew its stake in Banco de Chile by 3.8% in the second quarter. State Street Corp now owns 38,944 shares of the bank’s stock valued at $3,035,000 after acquiring an additional 1,435 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Banco de Chile in the third quarter valued at about $976,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Banco de Chile by 2.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,512 shares of the bank’s stock valued at $2,964,000 after acquiring an additional 841 shares during the period. 1.30% of the stock is currently owned by institutional investors and hedge funds.
Shares of Banco de Chile (NYSE:BCH) traded up $0.28 during trading on Monday, reaching $102.45. The company had a trading volume of 163 shares, compared to its average volume of 36,860. The stock has a market cap of $17,199.60, a P/E ratio of 19.04, a P/E/G ratio of 1.10 and a beta of 0.43. 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 1 year low of $70.12 and a 1 year high of $106.50.
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Banco de Chile Company Profile
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.
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