Banco de Chile (NYSE:BCH – Get a rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report released on Monday.
Several other analysts have also weighed in on BCH recently. Scotiabank upgraded Banco de Chile from an “sector performance” rating to an “outperform” rating in a Wednesday, April 13 research report. Banco Santander upgraded Banco de Chile to a “buy” rating and set a price target of $25.00 on the stock in a Friday, May 20 research report. Itaú Unibanco upgraded Banco de Chile from an “outperforming” rating to a “market performance” rating and set a price target of $22.00 for the stock. in a research report on Tuesday, June 7. Grupo Santander upgraded Banco de Chile from a “neutral” rating to an “outperforming” rating and set a $25.00 price target on the stock in a Thursday, May 19 research report. Finally, Itau BBA Securities upgraded Banco de Chile from an “outperform” rating to a “market performance” rating and set a price target of $22.00 for the stock. in a research report on Tuesday, June 7. Three investment analysts gave the stock a hold rating and five gave the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $23.67.
The Bank of Chile supplies 1.6%
Banco de Chile stock traded down $0.30 during Monday trading hours, hitting $18.65. 316,180 shares of the stock are trading in the hands, compared to its average volume of 142,833. The company’s 50-day moving average price is $18.75 and its two-hundred-day moving average price is $20.04. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt ratio of 3.17. The company has a market capitalization of $9.42 billion, a PE ratio of 5.52, a PEG ratio of 0.78 and a beta of 0.37. Banco de Chile has a one-year low of $15.60 and a one-year high of $22.74.
Institutional investors weigh on Banco de Chile
A number of hedge funds have recently increased or reduced their holdings in the stock. Crossmark Global Holdings Inc. increased its stake in Banco de Chile by 2.6% in the 1st quarter. Crossmark Global Holdings Inc. now owns 24,372 shares of the bank valued at $522,000 after buying 612 additional shares in the last quarter. DekaBank Deutsche Girozentrale increased its stake in Banco de Chile by 16.8% during the 4th quarter. DekaBank Deutsche Girozentrale now owns 13,925 shares in the bank valued at $212,000 after buying an additional 2,000 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Banco de Chile during the 2nd quarter for a value of $120,000. UBS Group AG increased its stake in Banco de Chile by 70.6% during the first quarter. UBS Group AG now owns 16,679 shares in the bank valued at $358,000 after buying an additional 6,904 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Banco de Chile shares by 1.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 597,813 shares of the bank worth $12,795,000 after purchasing an additional 7,462 shares in the last quarter. 0.89% of the shares are currently held by hedge funds and other institutional investors.
Banco de Chile Company Profile
(Get a rating)
Banco de Chile, together with its subsidiaries, provides banking and financial products and services to customers in Chile. It operates through retail banking, wholesale banking and cash and money market segments. The Company offers deposit products, such as checking accounts, current accounts, deposits and current accounts, savings accounts and term deposits; commercial, mortgage, consumer, working capital, syndicated and installment loans; and credit cards.
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