Banco de Chile (NYSE:BCH) Upgraded by StockNews.com to “Hold”

StockNews.com upgraded shares of Banco de Chile (NYSE:BCH) from a sell rating to a hold rating in a research report report published on Friday.

Separately, JPMorgan Chase & Co. lifted their target price on shares of Banco de Chile from $20.00 to $21.00 and gave the company a neutral rating in a report on Tuesday, April 16th.

Banco de Chile Price Performance

Shares of BCH opened at $23.68 on Friday. The business’s 50-day moving average is $23.60 and its two-hundred day moving average is $22.87. Banco de Chile has a fifty-two week low of $19.20 and a fifty-two week high of $24.79. The company has a quick ratio of 1.48, a current ratio of 1.48 and a debt-to-equity ratio of 2.97.

Banco de Chile (NYSE:BCH) last issued its earnings results on Tuesday, April 30th. The bank reported $0.62 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.02. The firm had revenue of $824.83 million for the quarter, compared to the consensus estimate of $818.94 million. Banco de Chile had a return on equity of 23.65% and a net margin of 29.41%. On average, sell-side analysts forecast that Banco de Chile will post 2.24 EPS for the current fiscal year.

Hedge Funds Weigh In On Banco de Chile

Large investors have recently bought and sold shares of the business. Natixis Advisors L.P. grew its holdings in Banco de Chile by 2.7% in the fourth quarter. Natixis Advisors L.P. now owns 19,722 shares of the bank’s stock valued at $455,000 after purchasing an additional 517 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Banco de Chile by 5.4% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 10,488 shares of the bank’s stock valued at $242,000 after buying an additional 541 shares in the last quarter. Parallel Advisors LLC grew its stake in Banco de Chile by 163.9% in the 4th quarter. Parallel Advisors LLC now owns 1,581 shares of the bank’s stock valued at $36,000 after acquiring an additional 982 shares during the period. Whittier Trust Co. of Nevada Inc. increased its holdings in Banco de Chile by 569.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 1,279 shares of the bank’s stock worth $28,000 after acquiring an additional 1,088 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC raised its position in Banco de Chile by 5.4% during the fourth quarter. Longfellow Investment Management Co. LLC now owns 26,918 shares of the bank’s stock worth $621,000 after acquiring an additional 1,371 shares during the period. Institutional investors and hedge funds own 1.24% of the company’s stock.

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.